COMPARING TWO PLACES
Census Tract 7040 vs Census Tract 7012.01
PLACE A
Census Tract 7040, Montgomery County, Maryland
VS
PLACE B
Census Tract 7012.01, Burlington County, New Jersey
Census Tract 7040 is 135% larger than Census Tract 7012.01. Census Tract 7040 earns more, with a median household income $45,333 higher.
CENSUS TRACT 7040CENSUS TRACT 7012.01DIFFERENCE
Total population6,6162,817+135% vs Census Tract 7012.01
Population density7,5703,049+4,521
Median age36.341.1−4.8
Male40.6%49.1%−8.5 pts
Female59.4%50.9%+8.5 pts
Foreign-born28.7%13.8%+14.9 pts
White, non-Hispanic41.2%34.3%+6.9 pts
Black12.1%35.7%−23.6 pts
Hispanic / Latino30.8%10.7%+20.1 pts
Asian7.4%1.3%+6.0 pts
Other8.6%17.9%−9.3 pts
Median household income$141,000$95,667+$45,333
Per capita income$63,020$47,599+$15,421
Poverty rate5.4%10.9%−5.5 pts
Income inequality (Gini)0.4590.462Even
Bachelor's degree or higher61.5%35.9%+25.6 pts
Graduate degree38.4%10.0%+28.4 pts
Unemployment rate6.4%11.3%−4.9 pts
Labor force participation75.7%61.6%+14.1 pts
Median home value$531,800$312,200+$219,600
Median gross rent$1,534$1,456+$78
Owner-occupied69.5%87.2%−17.7 pts
Housing vacancy rate5.2%4.5%+0.7 pts
Rent-burdened households38.5%60.2%−21.7 pts
Average commute31.039.9−8.9
Worked from home23.8%6.4%+17.4 pts
Public transit to work13.9%1.0%+13.0 pts
Uninsured6.4%8.7%−2.3 pts
Population, 2020 – 2024