CENSUS TRACT
Census Tract 507.04
New Jersey · Somerset County · 6,570 residents · 1.861 sq mi
Notable rankings
#199highest population in NJ6,570#199highest rent in NJ$2,617#215highest commute in NJ38.6 min#233highest education in NJ70.8%TRACT SHAPE · Somerset County, NJ
The short version
Census Tract 507.04 is significantly wealthier than the US average, with a median household income of $177,969. Population has declined 6% since 2020. 71% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $475,500. Households here earn about 27% more than the Somerset County median.
At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 40.4
US median: 38.9
More educated
71% 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
6,570
−6%since 2020
from 6,964 in 2020
2020 – 2024
Population density
3,530 / sq mi
−6%since 2020
from 3,742 / sq mi in 2020
US average: 281
Median age
40.4
−1%since 2020
from 41.0 in 2020
US average: 38.9
Population, 2020 – 2024
20247K
Section 02
Income & economy
Median household income
$177,969
−3%inflation adjusted, since 2020
from $151,142 in 2020
US average: $82,259
2020 – 2024
Per capita income
$71,198
+26%since 2020
from $56,542 in 2020
US average: $44,673
Households earning $100K+
77.6%
+1.0 ptssince 2020
from 76.6% in 2020
US average: 53.3%
Poverty rate
6.6%
+4.2 ptssince 2020
from 2.4% in 2020
US average: 12.5%
Income inequality (Gini)
0.356
+5%since 2020
from 0.340 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade14.4%
Other services11.5%
Public administration10.5%
Information5.8%
Finance & insurance4%
Professional, scientific, technical3.8%
Arts, entertainment, food3.1%
Wholesale trade2.3%
Transportation & warehousing1.7%
Education & health services0.2%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$475,500
−1%inflation adjusted, since 2020
from $394,700 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,617
−3%inflation adjusted, since 2020
from $2,226 in 2020
US average: $1,442
Owner-occupied
87.4%
−1.4 ptssince 2020
from 88.8% in 2020
12.6% rent
Vacancy rate
0.0%
−1.3 ptssince 2020
from 1.3% in 2020
US average: 10.0%
Owner cost-burdened
18.7%
−6.2 ptssince 2020
from 24.9% in 2020
US average: 22.9%
Renter cost-burdened
50.6%
+22.7 ptssince 2020
from 27.9% in 2020
US average: 47.4%
Afford Score
2.7
+2%since 2020
from 2.6 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 507.04 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic44.4%(3,095)
Black1.3%(93)
Hispanic / Latino4.9%(343)
Asian48.6%(3,385)
Other0.7%(48)
Diversity Score70.4%(4,906)
2024
White, non-Hispanic39.8%(2,617)
Black2.4%(160)
Hispanic / Latino7.2%(476)
Asian46.2%(3,035)
Other4.3%(282)
Diversity Score77.5%(5,094)
Diversity Score
78
+10%since 2020
from 70 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
70.8%
+8.3 ptssince 2020
from 62.5% in 2020
US average: 35.6%
High school or higher
97.9%
+1.7 ptssince 2020
from 96.2% in 2020
US average: 89.6%
Graduate degree
30.5%
−5.6 ptssince 2020
from 36.1% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
38.6 min
+15%since 2020
from 33.4 min in 2020
US average: 26.5
Drive alone to work
59.2%
−21.5 ptssince 2020
from 80.7% in 2020
US average: 68.9%
Carpooled to work
3.9%
−2.4 ptssince 2020
from 6.3% in 2020
US average: 8.5%
Public transit
7.6%
+5.1 ptssince 2020
from 2.6% in 2020
US average: 3.2%
Worked from home
28.1%
+19.1 ptssince 2020
from 9.0% in 2020
US average: 15.0%
Walked to work
0.3%
+0.3 ptssince 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
0.0%
−0.6 ptssince 2020
from 0.6% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
3.1%
−0.7 ptssince 2020
from 3.8% in 2020
US average: 5.2%
Labor force participation
74.2%
+0.7 ptssince 2020
from 73.5% in 2020
US average: 63.5%
Self-employed
9.3%
+2.0 ptssince 2020
from 7.2% in 2020
US average: 13.1%
Management & professional
64.1%
−1.9 ptssince 2020
from 66.0% in 2020
US average: 42.5%
Section 08
People & community
Male
49.7%
+5.7 ptssince 2020
from 44.0% in 2020
Female
50.3%
−5.7 ptssince 2020
from 56.0% in 2020
Foreign born
38.9%
−3.4 ptssince 2020
from 42.3% in 2020
US average: 14.1%
Veterans
1.1%
−0.5 ptssince 2020
from 1.6% in 2020
US average: 6.2%
With a disability
7.5%
−0.2 ptssince 2020
from 7.7% in 2020
US average: 13.3%
Uninsured
1.9%
−1.4 ptssince 2020
from 3.3% in 2020
US average: 8.4%
Broadband at home
98.1%
+1.8 ptssince 2020
from 96.3% in 2020
US average: 91.0%
English only at home
53.9%
+3.4 ptssince 2020
from 50.5% in 2020
US average: 77.7%
Spanish at home
2.9%
+0.7 ptssince 2020
from 2.2% in 2020
US average: 13.6%
Drill deeper
Places similar to Census Tract 507.04
Census Tract 164.01
Pop 6,720
Census Tract 135.08
Pop 6,284
Census Tract 3
Pop 5,988
Census Tract 166.09
Pop 5,209
Places similar to Census Tract 507.04Head to head
Compare Census Tract 507.04 to nearby tracts
CENSUS TRACT 507.04 VS
Census Tract 536.03
Income$146,771−18%
Home value$547,500+15%
Population4,910−25%
SEE FULL COMPARISON →
CENSUS TRACT 507.04 VS
Census Tract 507.01
Income$153,375−14%
Home value$576,100+21%
Population4,757−28%
SEE FULL COMPARISON →
CENSUS TRACT 507.04 VS
Census Tract 506
Income$112,409−37%
Home value$459,600−3%
Population4,393−33%
SEE FULL COMPARISON →
CENSUS TRACT 507.04 VS
Census Tract 507.03
Income$157,868−11%
Home value$646,900+36%
Population4,472−32%
SEE FULL COMPARISON →
Frequently asked
How many people live in this census tract?
this census tract has about 6,570 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 $177,969 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 $475,500, and the typical rent is about $2,617 a month.
How educated are people in this census tract?
About 70.8% 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 6.6% of people in this census tract live below the federal poverty line.
Keep going
Explore from here
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 536.02Census Tract 538.05Census Tract 523Census Tract 534.06Census Tract 535.01DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024