In 1847, surveyors working for the U.S. government walked the six mile square that would become the town of Jump River. They marked off the outline of the township on foot using compass and chain. A crew came back in 1855 to survey all the section lines. When done, the deputy surveyor filed this general description:
This Township contains several swamps and some of considerable extent. They are all unfit for cultivation. The Meadow and Alder bottom are all liable to be overflowed to a depth of or more. and are good for Hay. The surface is generally level apart is upland where the soil is 2d rate. This Township is heavily timbered and is composed of Hemlock and Y. Birch on low level land, but on upland it is SugarLinden W. Pine Balsam and Elm. The undergrowth is Generally thick and is composed of Hemlock, Hazel, and Balsam. Elm and Balsam line the Margin of the Meadow and Alder Bottoms and also most of the Streams.
In 1863 the federal government granted the first land patents in what would become the town of Jump River, granting ownership of three parcels:
120 acres along Levitt Creek in sections 8 and 17 to Barton W. Chase. Chase had apparently bought the land from Daniel Stevens of the Massachusetts Militia, who had been granted rights to the land as payment for serving in the War of 1812.
Another 120 acres along Levitt Creek in section 8 to Charles B. Coleman. Coleman had apparently bought rights to the land from George W. Jones of the Wisconsin Militia, who had the rights for serving in the Black Hawk War.
160 acres near the Jump River in sections 4 and 5 to Joseph W. Wiggins. Wiggins had bought rights to the land from the heirs of John R. Patten, who had served in the Illinois Militia in the Black Hawk War.
The largest grantee was Ezra Cornell, who received many quarter-sections in 1868 and 1869 to help finance the new Cornell University under the Morrill Land-Grant Colleges Act. Barney and Gertrude Broeder were the first settlers in the town, arriving in 1892. Others soon followed. The Stanley, Merrill and Phillips Railway reached the town in 1904. In 1923, the Town of Jump River was established with its current boundaries. In 1933 the cut-over east edge of the town of Jump River was designated part of the Chequamegon National Forest In 2007 an area in the southeast corner was designated the Bear Creek Hemlocks State Natural Area. Among a variety of flora, it contains two stands of old-growth hemlock.
As of the census of 2000, there were 311 people, 118 households, and 82 families residing in the town. The population density was 8.6 people per square mile. There were 167 housing units at an average density of 4.6 per square mile. The racial makeup of the town was 96.78% White, 1.93% Native American, and 1.29% from two or more races. There were 118 households, out of which 27.1% had children under the age of 18 living with them, 56.8% were married couplesliving together, 4.2% had a female householder with no husband present, and 29.7% were non-families. 24.6% of all households were made up of individuals, and 10.2% had someone living alone who was 65 years of age or older. The average household size was 2.64 and the average family size was 3.22. In the town, the population was spread out, with 26.7% under the age of 18, 5.8% from 18 to 24, 27.0% from 25 to 44, 25.7% from 45 to 64, and 14.8% who were 65 years of age or older. The median age was 41 years. For every 100 females, there were 106.0 males. For every 100 females age 18 and over, there were 115.1 males. The median income for a household in the town was $29,167, and the median income for a family was $53,125. Males had a median income of $25,625 versus $22,083 for females. The per capita income for the town was $18,286. About 4.9% of families and 8.5% of the population were below the poverty line, including none of those under age 18 and 6.1% of those age 65 or over.