CensusEasy
CITY · 2020 ACS

Menlo Park Terrace

New Jersey · 2,806 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 $103,036. Population has held roughly steady since 2021. Median home value is $334,200.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 41.2
US median: 38.8
More educated
42% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,806
−2%vs 2021
vs 2,874 in 2021
2020 – 2024
Population density
7,543 / sq mi
−2%vs 2021
vs 7,726 / sq mi in 2021
US average: 280
Median age
41.2
+4%vs 2021
vs 39.5 in 2021
US average: 38.8
Population, 2020 – 2024
3K3K3K3K3K20202024Menlo Park Terrace
20243K
20202024
Section 02

Income & economy

Median household income
$103,036
−7%inflation adjusted, since 2021
vs $116,304 in 2021
US average: $66,278
2020 – 2024
Per capita income
$39,397
−4%vs 2021
vs $40,913 in 2021
US average: $35,364
Households earning $100K+
67.6%
−1.9 ptsvs 2021
vs 69.4% in 2021
US average: 43.9%
Poverty rate
6.9%
+0.6 ptsvs 2021
vs 6.3% in 2021
US average: 12.8%
Workforce by industry, 2020
Information13.3%
US avg: 11.1%
Retail trade11.4%
US avg: 10%
Other services10.7%
US avg: 6.6%
Finance & insurance9.6%
US avg: 5.5%
Public administration8.5%
US avg: 4.7%
Professional, scientific, technical7.6%
US avg: 4.7%
Arts, entertainment, food3.9%
US avg: 2%
Transportation & warehousing2.9%
US avg: 2.5%
Wholesale trade2.6%
US avg: 6.7%
Education & health services2%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$334,200
+3%inflation adjusted, since 2021
vs $339,600 in 2021
US average: $265,253
2020 – 2024
Median gross rent
$2,450
Unchangedinflation adjusted, since 2021
vs $2,575 in 2021
US average: $1,124
Owner-occupied
92.5%
−3.4 ptsvs 2021
vs 95.9% in 2021
7.5% rent
Afford Score
3.2
+11%vs 2021
vs 2.9 in 2021
2020 – 2024
RELATED:See current rent listings in Menlo Park Terrace on RentDataNow
Section 04

Race & ethnicity

2021
White, non-Hispanic33.3%(957)
Black10.6%(305)
Hispanic / Latino24.3%(698)
Asian25.1%(722)
Other6.7%(192)
Diversity Score93.9%(2,699)
2020
White, non-Hispanic32.7%(917)
Black8.4%(235)
Hispanic / Latino18.5%(520)
Asian37.5%(1,051)
Other2.1%(58)
Diversity Score88.2%(2,476)
Diversity Score
88
−6%vs 2021
vs 94 in 2021
2020 – 2024
Section 05

Education

Bachelor's degree or higher
42.5%
+4.5 ptsvs 2021
vs 38.0% in 2021
US average: 32.9%
High school or higher
91.8%
+1.5 ptsvs 2021
vs 90.2% in 2021
US average: 88.5%
Graduate degree
11.2%
−1.0 ptsvs 2021
vs 12.3% in 2021
US average: 12.7%
Section 06

Commute & transportation

Average commute
34.0 min
+6%vs 2021
vs 32.0 min in 2021
US average: 26.9
Drive alone to work
71.6%
+1.9 ptsvs 2021
vs 69.6% in 2021
US average: 75.1%
No vehicle available
3.3%
−0.2 ptsvs 2021
vs 3.5% in 2021
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.2%
+0.4 ptsvs 2021
vs 5.8% in 2021
US average: 5.4%
Labor force participation
69.2%
+2.8 ptsvs 2021
vs 66.5% in 2021
US average: 63.4%
Management & professional
43.9%
−1.5 ptsvs 2021
vs 45.4% in 2021
US average: 39.3%
Section 08

People & community

Male
51.1%
+3.0 ptsvs 2021
vs 48.1% in 2021
Female
48.9%
−3.0 ptsvs 2021
vs 51.9% in 2021
Foreign born
36.6%
−1.3 ptsvs 2021
vs 37.9% in 2021
US average: 13.5%
Uninsured
4.4%
−1.0 ptsvs 2021
vs 5.4% in 2021
US average: 8.8%
Drill deeper

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Compare Menlo Park Terrace to nearby cities

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MENLO PARK TERRACE VS
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MENLO PARK TERRACE VS
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MENLO PARK TERRACE VS
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Home value$604,300+81%
Population15,363+402%
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Frequently asked

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

Menlo Park Terrace, New Jersey has about 2,806 residents according to the 2020 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 $103,036 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 $334,200, and the typical rent is about $2,450 a month.

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

About 42.5% 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 6.9% 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

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