CENSUS TRACT
Census Tract 8032.02
New Jersey · Monmouth County · 6,257 residents · 4.728 sq mi
Notable rankings
#4highest rent in NJ#180 US$3,501#85highest rent burden in NJ78.4%#113highest home value in NJ$910,300#146highest per-capita income in NJ$95,312TRACT SHAPE · Monmouth County, NJ
The short version
Census Tract 8032.02 is significantly wealthier than the US average, with a median household income of $156,673. Population has held roughly steady since 2020. 69% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $910,300. With a median age of 48.8, the population is older than the US median of 38.9. Households here earn about 25% more than the Monmouth County median.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 48.8
US median: 38.9
More educated
69% 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
6,257
+1%since 2020
from 6,216 in 2020
2020 – 2024
Population density
1,323 / sq mi
+1%since 2020
from 1,315 / sq mi in 2020
US average: 281
Median age
48.8
−2%since 2020
from 49.9 in 2020
US average: 38.9
Population, 2020 – 2024
20246K
Section 02
Income & economy
Median household income
$156,673
+3%inflation adjusted, since 2020
from $125,039 in 2020
US average: $82,259
2020 – 2024
Per capita income
$95,312
+31%since 2020
from $72,801 in 2020
US average: $44,673
Households earning $100K+
82.2%
+6.4 ptssince 2020
from 75.9% in 2020
US average: 53.3%
Poverty rate
4.5%
−1.8 ptssince 2020
from 6.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.496
−3%since 2020
from 0.513 in 2020
US average: 0.476
Workforce by industry, 2024
Other services25%
Public administration20.4%
Arts, entertainment, food5.6%
Information4.9%
Retail trade4.6%
Wholesale trade4%
Transportation & warehousing2.9%
Finance & insurance2.2%
Professional, scientific, technical2%
Education & health services0.2%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$910,300
−3%inflation adjusted, since 2020
from $772,000 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$3,501
US average: $1,442
Owner-occupied
90.6%
+6.5 ptssince 2020
from 84.2% in 2020
9.4% rent
Vacancy rate
0.0%
−3.2 ptssince 2020
from 3.2% in 2020
US average: 10.0%
Owner cost-burdened
29.4%
−11.3 ptssince 2020
from 40.7% in 2020
US average: 22.9%
Renter cost-burdened
78.4%
+19.3 ptssince 2020
from 59.1% in 2020
US average: 47.4%
Afford Score
5.8
−6%since 2020
from 6.2 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 8032.02 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic79.5%(4,942)
Black0.3%(17)
Hispanic / Latino1.2%(77)
Asian16.2%(1,010)
Other2.7%(170)
Diversity Score42.6%(2,646)
2024
White, non-Hispanic73.2%(4,581)
Black0.1%(8)
Hispanic / Latino7.6%(475)
Asian15.9%(996)
Other3.1%(197)
Diversity Score54%(3,378)
Diversity Score
54
+27%since 2020
from 43 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
69.1%
+2.9 ptssince 2020
from 66.2% in 2020
US average: 35.6%
High school or higher
96.9%
Unchangedsince 2020
from 96.9% in 2020
US average: 89.6%
Graduate degree
25.5%
−1.8 ptssince 2020
from 27.2% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
37.5 min
+11%since 2020
from 33.7 min in 2020
US average: 26.5
Drive alone to work
50.8%
−23.2 ptssince 2020
from 73.9% in 2020
US average: 68.9%
Carpooled to work
1.4%
−1.6 ptssince 2020
from 3.0% in 2020
US average: 8.5%
Public transit
15.7%
−0.2 ptssince 2020
from 15.9% in 2020
US average: 3.2%
Worked from home
31.5%
+25.3 ptssince 2020
from 6.2% in 2020
US average: 15.0%
Walked to work
0.4%
+0.1 ptssince 2020
from 0.3% 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
7.9%
Unchangedsince 2020
from 7.9% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
2.7%
−2.3 ptssince 2020
from 5.0% in 2020
US average: 5.2%
Labor force participation
59.5%
+1.9 ptssince 2020
from 57.6% in 2020
US average: 63.5%
Self-employed
6.3%
−1.0 ptssince 2020
from 7.2% in 2020
US average: 13.1%
Management & professional
57.7%
+3.8 ptssince 2020
from 53.8% in 2020
US average: 42.5%
Section 08
People & community
Male
52.9%
−0.8 ptssince 2020
from 53.7% in 2020
Female
47.1%
+0.8 ptssince 2020
from 46.3% in 2020
Foreign born
20.0%
−1.3 ptssince 2020
from 21.3% in 2020
US average: 14.1%
Veterans
5.2%
+2.2 ptssince 2020
from 3.0% in 2020
US average: 6.2%
With a disability
8.7%
−0.5 ptssince 2020
from 9.2% in 2020
US average: 13.3%
Uninsured
2.0%
+0.1 ptssince 2020
from 1.9% in 2020
US average: 8.4%
Broadband at home
93.2%
+5.0 ptssince 2020
from 88.2% in 2020
US average: 91.0%
English only at home
76.7%
−1.8 ptssince 2020
from 78.5% in 2020
US average: 77.7%
Spanish at home
2.0%
+1.5 ptssince 2020
from 0.5% in 2020
US average: 13.6%
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CENSUS TRACT 8032.02 VS
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Frequently asked
How many people live in this census tract?
this census tract has about 6,257 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 $156,673 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 $910,300, and the typical rent is about $3,501 a month.
How educated are people in this census tract?
About 69.1% 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 4.5% of people in this census tract live below the federal poverty line.
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Containing area
Monmouth CountyOther census tracts in Monmouth County
Census Tract 8104.02Census Tract 8033Census Tract 8048.01Census Tract 8119Census Tract 8096Census Tract 8102.02Census Tract 8015Census Tract 8111.02Census Tract 8106Census Tract 8125.01Census Tract 8021Census Tract 8095.03Census Tract 8112Census Tract 8113.01Census Tract 8115.01Census Tract 8037DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024