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Hanover Road is located in the Borough of Florham Park, Morris County,
NJ. Florham Park is primarily a residential community located in
the eastern portion of the County. It is bounded by Essex County
to the east, Morris Township to the west, Hanover and East Hanover
to the north, and Madison and Chatham to the south.
The
Borough of Florham Park is within Morris County, which is situated
in the north central portion of New Jersey and consists of 480 square
miles. 71
Hanover Road has convenient access to regional malls, local retail
shops, numerous restaurants and nearby hotels.
Demographics
Located
in Morris County, the demographic statistics for Florham Park are
as follows:
Morris
County Demographics *
|
Population
2000
Census
1990
Census
1990
to 2000 % Change
|
470,212
421,353
11.6%
|
Households
2000
Census
1990
Census
1990
to 2000 % Change
|
169,711
148,751
14.1%
|
Household
Income
2000
Estimate Median Household Income
2000
Estimated Average Household Income
2000
Estimated Per Capita Income
|
$77,021
$101,520
$36,964
|
* Data Compiled by U.S. Bureau of the Census and ESRI
Business Information Solutions
Since
1980, the population for Morris County has continued to grow with
a significant increase from 1990 to 2000 of 48,859 individuals.
Following
the population trend, the number of households within the County
also grew between 1990 and 2000 and is expected to continue its
growth over the next few years.
As
one of the most affluent counties in the country, the median household
income in Morris County stood at $77,021. The following table identifies
Morris County's household income traits:
Morris
County Household Income *
|
|
1990
|
2000
|
<$15,000
|
11,299
|
9,442
|
$15,000
- $24,999
|
11,182
|
9,016
|
$25,000
- $34,999
|
15,786
|
11,528
|
$35,000
- $49,999
|
24,807
|
19,304
|
$50,000
- $74,999
|
37,645
|
32,678
|
$75,000
- $99,999
|
22,044
|
29,978
|
$100,000
- $149,999
|
16,335
|
31,791
|
$150,000
- $199,999
|
9,529
|
29,057
|
* Data Compiled by U.S. Bureau
of the Census and ESRI Business Information Solutions
Employment
71
Hanover Road is located within the Northern New Jersey region, which
is considered the largest of the five employment regions in the
State. This is primarily due to the region's strategic location,
diverse residential opportunities, highly skilled labor force and
excellent transportation network. It is these attributes that continue
to entice major corporate headquarters, pharmaceutical giants and
major technology firms to locate with in Morris County.
According
to the New Jersey Department of Labor, it is anticipated that Morris
County will continue to be the fastest growing county and job growth
is projected to outperform the entire state over the next few years.
The County is projected to add 4,200 wholesale trade jobs, 1,700
finance, insurance and real estate jobs and 21,400 new service jobs
in the business services and health services sectors. Projected
growth in law occupations, marketing and services sales representatives
is a direct correlation to the employment increases in FIRE and
Services.
Transportation
Northern
New Jersey and Morris County have easy access to Interstates 78,
80, 280 and 287 and Routes 10 and 24 and Eisenhower Parkway.
71
Hanover is within ten minutes of Morristown Airport, a local regional
airport and within 20 minutes to Newark Liberty International Airport.
New
Jersey Transit commuter railroad provides both service throughout
the State and County, providing access to New York City within 45
minutes, Philadelphia within 1 hour and Washington DC within 2.5
hours.
|