COMPARING TWO PLACES
Census Tract 7047 vs Census Tract 7340.04
PLACE A
Census Tract 7047, Montgomery County, Maryland
VS
PLACE B
Census Tract 7340.04, Ocean County, New Jersey
Census Tract 7047 is 42% smaller than Census Tract 7340.04. Census Tract 7047 earns more, with a median household income $165,663 higher.
CENSUS TRACT 7047CENSUS TRACT 7340.04DIFFERENCE
Total population3,6396,290−42% vs Census Tract 7340.04
Population density4,648303+4,344
Median age51.959.3−7.4
Male50.1%45.0%+5.1 pts
Female49.9%55.0%−5.1 pts
Foreign-born21.4%7.3%+14.0 pts
White, non-Hispanic69.3%91.0%−21.7 pts
Black7.3%1.0%+6.3 pts
Hispanic / Latino11.0%3.4%+7.7 pts
Asian9.1%4.1%+5.1 pts
Other3.2%0.6%+2.6 pts
Median household income$250,001$84,338+$165,663
Per capita income$198,176$50,699+$147,477
Poverty rate1.2%6.8%−5.7 pts
Income inequality (Gini)0.4560.461Even
Bachelor's degree or higher91.0%33.2%+57.8 pts
Graduate degree71.7%15.6%+56.2 pts
Unemployment rate1.2%11.5%−10.4 pts
Labor force participation65.1%47.8%+17.3 pts
Median home value$1,706,400$442,100+$1,264,300
Median gross rent$2,250––
Owner-occupied92.3%95.3%−2.9 pts
Housing vacancy rate2.4%3.6%−1.2 pts
Rent-burdened households42.7%61.8%−19.1 pts
Average commute28.528.6−0.0
Worked from home30.2%9.9%+20.3 pts
Public transit to work8.0%0.0%+8.0 pts
Uninsured0.3%4.4%−4.1 pts
Population, 2020 – 2024