This article is about the township. For the adjacent borough, see Chatham Borough, New Jersey. For more information about their shared services, including school and library systems, see Chatham, New Jersey.
Location of Chatham Township in Morris County highlighted in red (right). Inset map: Location of Morris County in New Jersey highlighted in orange (left).
The presence of the Chatham station along the Morris and Essex Lines in neighboring Chatham Borough proved a vital role in population increases in Chatham Township, which began to be developed for residential use due to its easy commute to nearby Manhattan.[22]
New Jersey Monthly magazine ranked Chatham Township first in the state in its 2008 rankings of the "Best Places to Live" in New Jersey.[23]
The township has been one of the state's highest-income communities. Based on data from the 2013–2017 American Community Survey, township residents had a median household income of $176,364, ranked 3rd in the state among municipalities with more than 10,000 residents, more than double the statewide median of $76,475.[24] In March 2018, Bloomberg ranked Chatham as the 64th highest-income place in the United States and as having the 8th-highest income in New Jersey.[25]
In 2012, Forbes.com listed Chatham as 375th in its listing of "America's Most Expensive ZIP Codes", with a median home price of $776,703.[26]
^History, Chatham Township. Accessed April 24, 2021. "The most important transportation development was the coming of the Morris and Essex Railroad in 1837. This led to sharp increases in the population, which resulted in incorporating Chatham, Madison and Florham Park as separate boroughs."
^Raychaudhuri, Disha. "The wealthiest towns in N.J., ranked", NJ Advance Media for NJ.com, June 7, 2019. Accessed November 4, 2019. "The median household income in N.J. is $76,475, recent Census data shows.... A note about the data: The data comes from 2013-2017 American Community Survey conducted by U.S. Census Bureau. Smaller towns with less than 10,000 residents were excluded from the list.... 3. Chatham, Morris County Median income: $176,364"