CENSUS TRACT
Census Tract 7040.16
New Jersey · Burlington County · 5,290 residents · 1.818 sq mi
Notable rankings
#4highest rent burden in NJ#54 US100.0%#119lowest low poverty in NJ#1844 US1.4%#166highest household income in NJ$196,157#275highest broadband in NJ98.3%TRACT SHAPE · Burlington County, NJ
The short version
Census Tract 7040.16 is significantly wealthier than the US average, with a median household income of $196,157. Population has held roughly steady since 2020. 60% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $449,700. Poverty is rare here, at 1.4% of residents. Households here earn about 81% more than the Burlington County median.
At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 38.0
US median: 38.9
More educated
60% 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
5,290
+14%since 2020
from 4,625 in 2020
2020 – 2024
Population density
2,910 / sq mi
+14%since 2020
from 2,544 / sq mi in 2020
US average: 281
Median age
38.0
+3%since 2020
from 37.0 in 2020
US average: 38.9
Population, 2020 – 2024
20245K
Section 02
Income & economy
Median household income
$196,157
+2%inflation adjusted, since 2020
from $159,129 in 2020
US average: $82,259
2020 – 2024
Per capita income
$64,942
+3%since 2020
from $63,153 in 2020
US average: $44,673
Households earning $100K+
88.0%
−1.9 ptssince 2020
from 89.9% in 2020
US average: 53.3%
Poverty rate
1.4%
+0.6 ptssince 2020
from 0.8% in 2020
US average: 12.5%
Income inequality (Gini)
0.310
−8%since 2020
from 0.338 in 2020
US average: 0.476
Workforce by industry, 2024
Other services16.2%
Public administration15.1%
Information8.6%
Retail trade7.8%
Transportation & warehousing4.5%
Wholesale trade2.8%
Finance & insurance2.4%
Education & health services1.6%
Arts, entertainment, food1.5%
Professional, scientific, technical0.8%
Agriculture, forestry, fishing0.5%
Construction0.5%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$449,700
−3%inflation adjusted, since 2020
from $383,900 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,365
+22%inflation adjusted, since 2020
from $1,597 in 2020
US average: $1,442
Owner-occupied
95.3%
+4.1 ptssince 2020
from 91.2% in 2020
4.7% rent
Vacancy rate
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 10.0%
Owner cost-burdened
17.9%
+3.9 ptssince 2020
from 14.0% in 2020
US average: 22.9%
Renter cost-burdened
100.0%
+53.8 ptssince 2020
from 46.2% in 2020
US average: 47.4%
Afford Score
2.3
−5%since 2020
from 2.4 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 7040.16 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic82.6%(3,820)
Black0.8%(38)
Hispanic / Latino4.8%(221)
Asian10%(461)
Other1.8%(85)
Diversity Score38.1%(1,764)
2024
White, non-Hispanic75.3%(3,981)
Black1.9%(103)
Hispanic / Latino9.5%(503)
Asian11.3%(596)
Other2%(107)
Diversity Score51.4%(2,719)
Diversity Score
51
+35%since 2020
from 38 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
60.1%
+2.3 ptssince 2020
from 57.8% in 2020
US average: 35.6%
High school or higher
95.4%
−0.2 ptssince 2020
from 95.6% in 2020
US average: 89.6%
Graduate degree
20.7%
+3.8 ptssince 2020
from 16.9% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
30.1 min
−1%since 2020
from 30.4 min in 2020
US average: 26.5
Drive alone to work
71.2%
−13.5 ptssince 2020
from 84.7% in 2020
US average: 68.9%
Carpooled to work
2.2%
−1.0 ptssince 2020
from 3.3% in 2020
US average: 8.5%
Public transit
3.5%
+1.5 ptssince 2020
from 2.1% in 2020
US average: 3.2%
Worked from home
21.9%
+12.0 ptssince 2020
from 9.9% in 2020
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
3.1%
+1.1 ptssince 2020
from 2.0% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
5.1%
+2.4 ptssince 2020
from 2.6% in 2020
US average: 5.2%
Labor force participation
75.4%
+0.6 ptssince 2020
from 74.8% in 2020
US average: 63.5%
Self-employed
18.4%
+7.0 ptssince 2020
from 11.4% in 2020
US average: 13.1%
Management & professional
64.1%
+3.9 ptssince 2020
from 60.2% in 2020
US average: 42.5%
Section 08
People & community
Male
51.4%
−1.0 ptssince 2020
from 52.4% in 2020
Female
48.6%
+1.0 ptssince 2020
from 47.6% in 2020
Foreign born
12.6%
+3.6 ptssince 2020
from 9.0% in 2020
US average: 14.1%
Veterans
5.4%
+1.4 ptssince 2020
from 3.9% in 2020
US average: 6.2%
With a disability
4.6%
−0.4 ptssince 2020
from 5.0% in 2020
US average: 13.3%
Uninsured
0.4%
−1.5 ptssince 2020
from 1.9% in 2020
US average: 8.4%
Broadband at home
98.3%
+0.3 ptssince 2020
from 98.0% in 2020
US average: 91.0%
English only at home
81.2%
−5.9 ptssince 2020
from 87.1% in 2020
US average: 77.7%
Spanish at home
5.9%
+3.4 ptssince 2020
from 2.5% in 2020
US average: 13.6%
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Compare Census Tract 7040.16 to nearby tracts
CENSUS TRACT 7040.16 VS
Census Tract 7040.13
Income$166,042−15%
Home value$377,900−16%
Population5,743+9%
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CENSUS TRACT 7040.16 VS
Census Tract 7029.08
Income$120,231−39%
Home value$404,100−10%
Population4,397−17%
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CENSUS TRACT 7040.16 VS
Census Tract 7040.07
Income$93,750−52%
Home value$357,700−20%
Population3,608−32%
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CENSUS TRACT 7040.16 VS
Census Tract 7040.15
Income$113,185−42%
Home value$455,400+1%
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Frequently asked
How many people live in this census tract?
this census tract has about 5,290 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $196,157 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $449,700, and the typical rent is about $2,365 a month.
How educated are people in this census tract?
About 60.1% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 1.4% of people in this census tract live below the federal poverty line.
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Containing area
Burlington CountyOther census tracts in Burlington County
Census Tract 7043.02Census Tract 7022.08Census Tract 7038.04Census Tract 7006.02Census Tract 7038.01Census Tract 7011.03Census Tract 7036Census Tract 7029.09Census Tract 7014.01Census Tract 7005.05Census Tract 7037Census Tract 7011.02Census Tract 7025Census Tract 7029.10Census Tract 7011.05Census Tract 7030DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024