COMPARING TWO PLACES
Census Tract 7047 vs Census Tract 7350.03
PLACE A
Census Tract 7047, Montgomery County, Maryland
VS
PLACE B
Census Tract 7350.03, Ocean County, New Jersey
Census Tract 7047 and Census Tract 7350.03 are close in size. Census Tract 7047 earns more, with a median household income $104,271 higher.
CENSUS TRACT 7047CENSUS TRACT 7350.03DIFFERENCE
Total population3,6393,813−5% vs Census Tract 7350.03
Population density4,648211+4,436
Median age51.942.6+9.3
Male50.1%53.0%−2.9 pts
Female49.9%47.0%+2.9 pts
Foreign-born21.4%3.2%+18.2 pts
White, non-Hispanic69.3%82.1%−12.8 pts
Black7.3%1.5%+5.8 pts
Hispanic / Latino11.0%6.2%+4.8 pts
Asian9.1%1.5%+7.6 pts
Other3.2%8.7%−5.5 pts
Median household income$250,001$145,730+$104,271
Per capita income$198,176$56,412+$141,764
Poverty rate1.2%4.5%−3.4 pts
Income inequality (Gini)0.4560.343+0.1
Bachelor's degree or higher91.0%54.1%+36.9 pts
Graduate degree71.7%19.4%+52.3 pts
Unemployment rate1.2%7.1%−5.9 pts
Labor force participation65.1%70.4%−5.3 pts
Median home value$1,706,400$450,400+$1,256,000
Median gross rent$2,250$1,735+$515
Owner-occupied92.3%69.2%+23.2 pts
Housing vacancy rate2.4%3.1%−0.7 pts
Rent-burdened households42.7%33.4%+9.3 pts
Average commute28.532.3−3.8
Worked from home30.2%30.0%+0.2 pts
Public transit to work8.0%0.0%+8.0 pts
Uninsured0.3%2.6%−2.3 pts
Population, 2020 – 2024