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CITY

Menlo Park Terrace

New Jersey · 3,062 residents · 0.372 sq mi
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The short version

Menlo Park Terrace is significantly wealthier than the US average, with a median household income of $110,278. Population has held roughly steady since 2023. Median home value is $427,400. Poverty is rare here, at 5.6% of residents. It ranks in the top 5% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 39.9
US median: 38.9
Average education
39% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
3,062
+4%since 2023
from 2,952 in 2023
2020 – 2024
Population density
8,231 / sq mi
+4%since 2023
from 7,935 / sq mi in 2023
US average: 281
Median age
39.9
Unchangedsince 2023
from 40.1 in 2023
US average: 38.9
Population, 2020 – 2024
3K3K3K3K3K20202024Menlo Park Terrace
20243K
20202024
Section 02

Income & economy

Median household income
$110,278
−4%inflation adjusted, since 2023
from $111,111 in 2023
US average: $82,259
2020 – 2024
Per capita income
$39,927
−6%since 2023
from $42,383 in 2023
US average: $44,673
Households earning $100K+
65.2%
+2.7 ptssince 2023
from 62.4% in 2023
US average: 53.3%
Poverty rate
5.6%
−0.4 ptssince 2023
from 6.0% in 2023
US average: 12.5%
Income inequality (Gini)
0.396
−8%since 2023
from 0.431 in 2023
US average: 0.476
Workforce by industry, 2024
Information14.8%
US avg: 10.8%
Finance & insurance12.6%
US avg: 5.9%
Professional, scientific, technical9.4%
US avg: 5.1%
Retail trade7.4%
US avg: 9.9%
Other services4.1%
US avg: 6.7%
Public administration3.6%
US avg: 4.8%
Wholesale trade3.5%
US avg: 6.9%
Education & health services3.2%
US avg: 0.9%
Arts, entertainment, food2.7%
US avg: 1.9%
Transportation & warehousing1.4%
US avg: 2.2%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$427,400
+10%inflation adjusted, since 2023
from $379,100 in 2023
US average: $376,019
2020 – 2024
Median gross rent
$1,971
+2%inflation adjusted, since 2023
from $1,879 in 2023
US average: $1,442
Owner-occupied
86.7%
−3.1 ptssince 2023
from 89.9% in 2023
13.3% rent
Vacancy rate
2.9%
−0.4 ptssince 2023
from 3.3% in 2023
US average: 10.0%
Owner cost-burdened
30.3%
−2.6 ptssince 2023
from 32.9% in 2023
US average: 22.9%
Renter cost-burdened
58.5%
−18.4 ptssince 2023
from 76.9% in 2023
US average: 47.4%
Afford Score
3.9
+14%since 2023
from 3.4 in 2023
2020 – 2024
RELATED:See current rent listings in Menlo Park Terrace on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic31.4%(927)
Black8.3%(245)
Hispanic / Latino24.9%(735)
Asian28.9%(852)
Other6.5%(193)
Diversity Score93.1%(2,749)
2024
White, non-Hispanic26.9%(823)
Black13.1%(401)
Hispanic / Latino22%(673)
Asian31.1%(953)
Other6.9%(212)
Diversity Score95.1%(2,911)
Diversity Score
95
+2%since 2023
from 93 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
38.8%
+1.0 ptssince 2023
from 37.8% in 2023
US average: 35.6%
High school or higher
89.3%
+0.5 ptssince 2023
from 88.8% in 2023
US average: 89.6%
Graduate degree
13.5%
−1.5 ptssince 2023
from 15.0% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
28.1 min
−6%since 2023
from 29.8 min in 2023
US average: 26.5
Drive alone to work
61.5%
−0.3 ptssince 2023
from 61.8% in 2023
US average: 68.9%
Carpooled to work
12.3%
+1.2 ptssince 2023
from 11.1% in 2023
US average: 8.5%
Public transit
7.8%
−3.5 ptssince 2023
from 11.3% in 2023
US average: 3.2%
Worked from home
12.8%
+2.0 ptssince 2023
from 10.8% in 2023
US average: 15.0%
Walked to work
3.9%
−0.4 ptssince 2023
from 4.3% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
6.6%
+2.9 ptssince 2023
from 3.7% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
8.3%
+1.4 ptssince 2023
from 6.9% in 2023
US average: 5.2%
Labor force participation
69.7%
+1.2 ptssince 2023
from 68.5% in 2023
US average: 63.5%
Self-employed
15.9%
−1.5 ptssince 2023
from 17.4% in 2023
US average: 13.1%
Management & professional
34.3%
−2.4 ptssince 2023
from 36.7% in 2023
US average: 42.5%
Section 08

People & community

Male
49.3%
+1.2 ptssince 2023
from 48.1% in 2023
Female
50.7%
−1.2 ptssince 2023
from 51.9% in 2023
Foreign born
46.5%
+3.4 ptssince 2023
from 43.1% in 2023
US average: 14.1%
Veterans
3.7%
−1.3 ptssince 2023
from 4.9% in 2023
US average: 6.2%
With a disability
9.5%
+0.1 ptssince 2023
from 9.4% in 2023
US average: 13.3%
Uninsured
6.4%
−0.9 ptssince 2023
from 7.3% in 2023
US average: 8.4%
Broadband at home
96.4%
+0.6 ptssince 2023
from 95.8% in 2023
US average: 91.0%
English only at home
42.6%
−3.0 ptssince 2023
from 45.7% in 2023
US average: 77.7%
Spanish at home
14.6%
−1.1 ptssince 2023
from 15.7% in 2023
US average: 13.6%
Drill deeper

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Compare Menlo Park Terrace to nearby cities

MENLO PARK TERRACE VS
Iselin
Income$109,500−1%
Home value$426,800same
Population19,551+539%
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MENLO PARK TERRACE VS
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Income$115,861+5%
Home value$438,000+2%
Population12,771+317%
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MENLO PARK TERRACE VS
Woodbridge
Income$104,926−5%
Home value$390,000−9%
Population20,756+578%
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MENLO PARK TERRACE VS
Metuchen
Income$158,052+43%
Home value$604,300+41%
Population15,363+402%
SEE FULL COMPARISON →
Frequently asked

How many people live in Menlo Park Terrace, New Jersey?

Menlo Park Terrace, New Jersey has about 3,062 residents according to the 2024 American Community Survey.

What is the median household income in Menlo Park Terrace, New Jersey?

The typical household in Menlo Park Terrace, New Jersey earns about $110,278 a year. Half of households make more than that, and half make less.

Is Menlo Park Terrace, New Jersey expensive?

In Menlo Park Terrace, New Jersey, the median home is worth about $427,400, and the typical rent is about $1,971 a month.

How educated are people in Menlo Park Terrace, New Jersey?

About 38.8% of adults age 25 and over in Menlo Park Terrace, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Menlo Park Terrace, New Jersey?

About 5.6% of people in Menlo Park Terrace, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →