CENSUS TRACT
Census Tract 8034
New Jersey · Monmouth County · 5,442 residents · 0.658 sq mi
TRACT SHAPE · Monmouth County, NJ
The short version
Census Tract 8034 is wealthier than most US places, with a median household income of $104,375. Population has held roughly steady since 2020. Median home value is $394,900.
At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 35.7
US median: 38.9
More educated
40% 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
5,442
+11%since 2020
from 4,899 in 2020
2020 – 2024
Population density
8,271 / sq mi
+11%since 2020
from 7,445 / sq mi in 2020
US average: 281
Median age
35.7
+7%since 2020
from 33.5 in 2020
US average: 38.9
Population, 2020 – 2024
20245K
Section 02
Income & economy
Median household income
$104,375
+56%inflation adjusted, since 2020
from $55,227 in 2020
US average: $82,259
2020 – 2024
Per capita income
$47,604
+60%since 2020
from $29,696 in 2020
US average: $44,673
Households earning $100K+
63.4%
+21.5 ptssince 2020
from 41.9% in 2020
US average: 53.3%
Poverty rate
11.8%
−7.6 ptssince 2020
from 19.4% in 2020
US average: 12.5%
Income inequality (Gini)
0.434
−13%since 2020
from 0.497 in 2020
US average: 0.476
Workforce by industry, 2024
Information13.1%
Arts, entertainment, food6.6%
Other services6.3%
Wholesale trade5.7%
Public administration4.2%
Finance & insurance4.1%
Professional, scientific, technical4.1%
Retail trade1.7%
Transportation & warehousing0.8%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$394,900
+1%inflation adjusted, since 2020
from $321,000 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,322
−4%inflation adjusted, since 2020
from $2,002 in 2020
US average: $1,442
Owner-occupied
42.3%
+5.7 ptssince 2020
from 36.6% in 2020
57.7% rent
Vacancy rate
1.1%
−0.7 ptssince 2020
from 1.8% in 2020
US average: 10.0%
Owner cost-burdened
23.6%
−10.8 ptssince 2020
from 34.4% in 2020
US average: 22.9%
Renter cost-burdened
57.7%
−1.0 ptssince 2020
from 58.7% in 2020
US average: 47.4%
Afford Score
3.8
−35%since 2020
from 5.8 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 8034 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic25.1%(1,231)
Black21.4%(1,047)
Hispanic / Latino51.8%(2,538)
Asian0.3%(13)
Other1.4%(70)
Diversity Score77.8%(3,813)
2024
White, non-Hispanic30.7%(1,673)
Black7.2%(392)
Hispanic / Latino54.8%(2,983)
Asian2%(111)
Other5.2%(283)
Diversity Score74.6%(4,059)
Diversity Score
75
−4%since 2020
from 78 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
40.2%
+15.1 ptssince 2020
from 25.0% in 2020
US average: 35.6%
High school or higher
75.2%
−0.5 ptssince 2020
from 75.7% in 2020
US average: 89.6%
Graduate degree
17.8%
+3.5 ptssince 2020
from 14.3% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
31.4 min
+13%since 2020
from 27.9 min in 2020
US average: 26.5
Drive alone to work
55.2%
−6.5 ptssince 2020
from 61.7% in 2020
US average: 68.9%
Carpooled to work
10.9%
−9.2 ptssince 2020
from 20.0% in 2020
US average: 8.5%
Public transit
6.6%
+3.0 ptssince 2020
from 3.6% in 2020
US average: 3.2%
Worked from home
8.9%
+6.1 ptssince 2020
from 2.8% in 2020
US average: 15.0%
Walked to work
6.2%
+0.9 ptssince 2020
from 5.3% in 2020
US average: 2.4%
Biked to work
0.0%
−5.3 ptssince 2020
from 5.3% in 2020
US average: 0.4%
No vehicle available
12.2%
−12.4 ptssince 2020
from 24.6% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
7.2%
−0.8 ptssince 2020
from 8.0% in 2020
US average: 5.2%
Labor force participation
74.1%
+2.9 ptssince 2020
from 71.2% in 2020
US average: 63.5%
Self-employed
11.5%
−1.1 ptssince 2020
from 12.6% in 2020
US average: 13.1%
Management & professional
37.7%
+3.9 ptssince 2020
from 33.8% in 2020
US average: 42.5%
Section 08
People & community
Male
50.0%
−0.6 ptssince 2020
from 50.6% in 2020
Female
50.0%
+0.6 ptssince 2020
from 49.4% in 2020
Foreign born
27.0%
+0.9 ptssince 2020
from 26.1% in 2020
US average: 14.1%
Veterans
2.3%
−2.4 ptssince 2020
from 4.7% in 2020
US average: 6.2%
With a disability
6.9%
+1.5 ptssince 2020
from 5.4% in 2020
US average: 13.3%
Uninsured
20.7%
+2.8 ptssince 2020
from 17.9% in 2020
US average: 8.4%
Broadband at home
94.2%
+9.6 ptssince 2020
from 84.6% in 2020
US average: 91.0%
English only at home
48.5%
−3.8 ptssince 2020
from 52.3% in 2020
US average: 77.7%
Spanish at home
48.0%
+2.2 ptssince 2020
from 45.8% in 2020
US average: 13.6%
Drill deeper
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Places similar to Census Tract 8034Head to head
Compare Census Tract 8034 to nearby tracts
CENSUS TRACT 8034 VS
Census Tract 8036.01
Income$74,107−29%
Home value$657,800+67%
Population2,027−63%
SEE FULL COMPARISON →
CENSUS TRACT 8034 VS
Census Tract 8035
Income$90,959−13%
Home value$377,000−5%
Population2,691−51%
SEE FULL COMPARISON →
CENSUS TRACT 8034 VS
Census Tract 8036.02
Income$122,097+17%
Home value$555,600+41%
Population2,702−50%
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CENSUS TRACT 8034 VS
Census Tract 8013
Income$123,635+18%
Home value$624,200+58%
Population5,793+6%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 5,442 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 $104,375 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 $394,900, and the typical rent is about $2,322 a month.
How educated are people in this census tract?
About 40.2% 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 11.8% 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 8032.02Census Tract 8115.01DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024