CENSUS TRACT
Census Tract 507.03
New Jersey · Somerset County · 4,472 residents · 2.127 sq mi
Notable rankings
#24highest WFH in NJ#1160 US41.3%#364highest household income in NJ$157,868#384highest home value in NJ$646,900#390highest education in NJ63.8%TRACT SHAPE · Somerset County, NJ
The short version
Census Tract 507.03 is significantly wealthier than the US average, with a median household income of $157,868. Population has held roughly steady since 2020. 64% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $646,900. With a median age of 44.9, the population is older than the US median of 38.9.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 44.9
US median: 38.9
More educated
64% 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
4,472
+1%since 2020
from 4,446 in 2020
2020 – 2024
Population density
2,102 / sq mi
+1%since 2020
from 2,090 / sq mi in 2020
US average: 281
Median age
44.9
−6%since 2020
from 47.8 in 2020
US average: 38.9
Population, 2020 – 2024
20244K
Section 02
Income & economy
Median household income
$157,868
−2%inflation adjusted, since 2020
from $133,125 in 2020
US average: $82,259
2020 – 2024
Per capita income
$71,229
+25%since 2020
from $57,167 in 2020
US average: $44,673
Households earning $100K+
69.8%
+6.3 ptssince 2020
from 63.4% in 2020
US average: 53.3%
Poverty rate
5.1%
−2.3 ptssince 2020
from 7.4% in 2020
US average: 12.5%
Income inequality (Gini)
0.419
−7%since 2020
from 0.448 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade17.6%
Other services12.5%
Public administration10.8%
Information4.6%
Arts, entertainment, food4.2%
Finance & insurance3.2%
Professional, scientific, technical3.2%
Transportation & warehousing2.7%
Wholesale trade1.4%
Agriculture, forestry, fishing0.4%
Construction0.4%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$646,900
−1%inflation adjusted, since 2020
from $541,600 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,739
+20%inflation adjusted, since 2020
from $1,196 in 2020
US average: $1,442
Owner-occupied
73.4%
+1.9 ptssince 2020
from 71.4% in 2020
26.6% rent
Vacancy rate
3.7%
+0.2 ptssince 2020
from 3.5% in 2020
US average: 10.0%
Owner cost-burdened
17.4%
−8.6 ptssince 2020
from 26.0% in 2020
US average: 22.9%
Renter cost-burdened
56.3%
−1.1 ptssince 2020
from 57.5% in 2020
US average: 47.4%
Afford Score
4.1
+1%since 2020
from 4.1 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 507.03 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic40.6%(1,806)
Black2.5%(109)
Hispanic / Latino5.1%(226)
Asian49.7%(2,209)
Other2.2%(96)
Diversity Score73.1%(3,248)
2024
White, non-Hispanic40.4%(1,805)
Black1.6%(71)
Hispanic / Latino5.5%(245)
Asian48.5%(2,170)
Other4%(181)
Diversity Score74.6%(3,336)
Diversity Score
75
+2%since 2020
from 73 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
63.8%
+3.5 ptssince 2020
from 60.4% in 2020
US average: 35.6%
High school or higher
92.4%
+1.6 ptssince 2020
from 90.8% in 2020
US average: 89.6%
Graduate degree
36.8%
+2.4 ptssince 2020
from 34.4% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
30.8 min
−8%since 2020
from 33.7 min in 2020
US average: 26.5
Drive alone to work
49.5%
−29.1 ptssince 2020
from 78.7% in 2020
US average: 68.9%
Carpooled to work
5.3%
−1.4 ptssince 2020
from 6.6% in 2020
US average: 8.5%
Public transit
2.5%
−0.7 ptssince 2020
from 3.2% in 2020
US average: 3.2%
Worked from home
41.3%
+29.8 ptssince 2020
from 11.5% 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
11.4%
−0.6 ptssince 2020
from 12.0% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
3.5%
+0.5 ptssince 2020
from 2.9% in 2020
US average: 5.2%
Labor force participation
67.9%
+4.0 ptssince 2020
from 63.9% in 2020
US average: 63.5%
Self-employed
9.7%
+2.8 ptssince 2020
from 6.9% in 2020
US average: 13.1%
Management & professional
67.6%
+2.1 ptssince 2020
from 65.5% in 2020
US average: 42.5%
Section 08
People & community
Male
44.2%
−1.6 ptssince 2020
from 45.9% in 2020
Female
55.8%
+1.6 ptssince 2020
from 54.1% in 2020
Foreign born
37.9%
−5.7 ptssince 2020
from 43.7% in 2020
US average: 14.1%
Veterans
1.7%
−0.8 ptssince 2020
from 2.5% in 2020
US average: 6.2%
With a disability
12.3%
+2.1 ptssince 2020
from 10.2% in 2020
US average: 13.3%
Uninsured
0.7%
−1.0 ptssince 2020
from 1.7% in 2020
US average: 8.4%
Broadband at home
89.5%
−1.8 ptssince 2020
from 91.3% in 2020
US average: 91.0%
English only at home
51.1%
+5.2 ptssince 2020
from 45.9% in 2020
US average: 77.7%
Spanish at home
5.3%
+1.3 ptssince 2020
from 4.0% in 2020
US average: 13.6%
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Places similar to Census Tract 507.03Head to head
Compare Census Tract 507.03 to nearby tracts
CENSUS TRACT 507.03 VS
Census Tract 505
Income$102,031−35%
Home value$448,700−31%
Population3,975−11%
SEE FULL COMPARISON →
CENSUS TRACT 507.03 VS
Census Tract 506
Income$112,409−29%
Home value$459,600−29%
Population4,393−2%
SEE FULL COMPARISON →
CENSUS TRACT 507.03 VS
Census Tract 501
Income$87,525−45%
Home value$499,600−23%
Population3,042−32%
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CENSUS TRACT 507.03 VS
Census Tract 502
Income$93,884−41%
Home value$433,800−33%
Population3,164−29%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 4,472 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 $157,868 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 $646,900, and the typical rent is about $1,739 a month.
How educated are people in this census tract?
About 63.8% 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 5.1% of people in this census tract live below the federal poverty line.
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Containing area
Somerset CountyOther census tracts in Somerset County
Census Tract 541Census Tract 532Census Tract 531.05Census Tract 510Census Tract 542.01Census Tract 538.07Census Tract 521Census Tract 539.05Census Tract 537.05Census Tract 534.02Census Tract 533Census Tract 507.04Census Tract 538.05Census Tract 536.02Census Tract 523Census Tract 534.06DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024