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CENSUS TRACT

Census Tract 7048.01

New Jersey · Burlington County · 3,087 residents · 20.356 sq mi
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7022.097022.109821.117048.01
TRACT SHAPE · Burlington County, NJ
The short version

Census Tract 7048.01 is wealthier than most US places, with a median household income of $96,083. Population has declined 15% since 2020. Median home value is $358,500. At a median age of 28.9, residents skew younger than the country as a whole.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 28.9
US median: 38.9
Average education
32% 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
3,087
−15%since 2020
from 3,630 in 2020
2020 – 2024
Population density
152 / sq mi
−15%since 2020
from 178 / sq mi in 2020
US average: 281
Median age
28.9
Unchangedsince 2020
from 28.8 in 2020
US average: 38.9
Population, 20202024
3K3K3K4K4K20202024Census Tract 7048.01
20243K
20202024
Section 02

Income & economy

Median household income
$96,083
−1%inflation adjusted, since 2020
from $80,109 in 2020
US average: $82,259
2020 – 2024
Per capita income
$32,637
+19%since 2020
from $27,345 in 2020
US average: $44,673
Households earning $100K+
62.9%
+6.6 ptssince 2020
from 56.3% in 2020
US average: 53.3%
Poverty rate
6.3%
+3.6 ptssince 2020
from 2.7% in 2020
US average: 12.5%
Income inequality (Gini)
0.358
+16%since 2020
from 0.309 in 2020
US average: 0.476
Workforce by industry, 2024
Information9.3%
US avg: 10.8%
Wholesale trade6.1%
US avg: 6.9%
Other services4.9%
US avg: 6.7%
Retail trade4.5%
US avg: 9.9%
Public administration3.8%
US avg: 4.8%
Transportation & warehousing2.1%
US avg: 2.2%
Agriculture, forestry, fishing0.4%
US avg: 1.6%
Construction0.4%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$358,500
+22%inflation adjusted, since 2020
from $242,500 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,369
+3%inflation adjusted, since 2020
from $1,904 in 2020
US average: $1,442
Owner-occupied
24.2%
−7.7 ptssince 2020
from 31.9% in 2020
75.8% rent
Vacancy rate
7.5%
+3.5 ptssince 2020
from 3.9% in 2020
US average: 10.0%
Owner cost-burdened
16.4%
−1.6 ptssince 2020
from 18.0% in 2020
US average: 22.9%
Renter cost-burdened
56.2%
−2.4 ptssince 2020
from 58.6% in 2020
US average: 47.4%
Afford Score
3.7
+23%since 2020
from 3.0 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 7048.01 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic48.6%(1,765)
Black13.7%(496)
Hispanic / Latino28.2%(1,023)
Asian1%(36)
Other8.5%(310)
Diversity Score82.3%(2,986)
2024
White, non-Hispanic43.6%(1,346)
Black16.7%(515)
Hispanic / Latino32.1%(990)
Asian2.6%(79)
Other5.1%(157)
Diversity Score84.5%(2,608)
Diversity Score
84
+3%since 2020
from 82 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
31.7%
−0.5 ptssince 2020
from 32.2% in 2020
US average: 35.6%
High school or higher
92.6%
−0.5 ptssince 2020
from 93.2% in 2020
US average: 89.6%
Graduate degree
6.5%
+0.9 ptssince 2020
from 5.6% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
24.5 min
+7%since 2020
from 22.9 min in 2020
US average: 26.5
Drive alone to work
85.5%
−2.7 ptssince 2020
from 88.2% in 2020
US average: 68.9%
Carpooled to work
4.0%
−3.7 ptssince 2020
from 7.7% in 2020
US average: 8.5%
Public transit
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 3.2%
Worked from home
7.0%
+3.5 ptssince 2020
from 3.5% in 2020
US average: 15.0%
Walked to work
1.4%
+1.2 ptssince 2020
from 0.2% in 2020
US average: 2.4%
Biked to work
1.0%
+0.7 ptssince 2020
from 0.3% in 2020
US average: 0.4%
No vehicle available
2.0%
+1.5 ptssince 2020
from 0.5% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
7.9%
+3.8 ptssince 2020
from 4.0% in 2020
US average: 5.2%
Labor force participation
58.4%
−8.4 ptssince 2020
from 66.8% in 2020
US average: 63.5%
Self-employed
10.0%
−3.5 ptssince 2020
from 13.5% in 2020
US average: 13.1%
Management & professional
40.0%
−5.6 ptssince 2020
from 45.6% in 2020
US average: 42.5%
Section 08

People & community

Male
61.5%
Unchangedsince 2020
from 61.6% in 2020
Female
38.5%
Unchangedsince 2020
from 38.4% in 2020
Foreign born
5.9%
+1.4 ptssince 2020
from 4.5% in 2020
US average: 14.1%
Veterans
3.5%
−10.4 ptssince 2020
from 13.8% in 2020
US average: 6.2%
With a disability
8.2%
+0.4 ptssince 2020
from 7.8% in 2020
US average: 13.3%
Uninsured
3.6%
+1.6 ptssince 2020
from 2.0% in 2020
US average: 8.4%
Broadband at home
95.9%
+2.1 ptssince 2020
from 93.8% in 2020
US average: 91.0%
English only at home
69.8%
−4.7 ptssince 2020
from 74.5% in 2020
US average: 77.7%
Spanish at home
26.7%
+4.1 ptssince 2020
from 22.6% in 2020
US average: 13.6%
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Frequently asked

How many people live in this census tract?

this census tract has about 3,087 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 $96,083 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 $358,500, and the typical rent is about $2,369 a month.

How educated are people in this census tract?

About 31.7% 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 6.3% of people in this census tract 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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