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CENSUS TRACT

Census Tract 534.02

New Jersey · Somerset County · 6,733 residents · 12.707 sq mi
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84.0384.04539.05534.02
TRACT SHAPE · Somerset County, NJ
The short version

Census Tract 534.02 is significantly wealthier than the US average, with a median household income of $138,438. Population has held roughly steady since 2020. 66% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $570,400. With a median age of 44.8, 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 44.8
US median: 38.9
More educated
66% 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
6,733
+9%since 2020
from 6,173 in 2020
2020 – 2024
Population density
530 / sq mi
+9%since 2020
from 486 / sq mi in 2020
US average: 281
Median age
44.8
+4%since 2020
from 42.9 in 2020
US average: 38.9
Population, 20202024
6K6K6K7K7K20202024Census Tract 534.02
20247K
20202024
Section 02

Income & economy

Median household income
$138,438
−16%inflation adjusted, since 2020
from $135,954 in 2020
US average: $82,259
2020 – 2024
Per capita income
$63,360
+4%since 2020
from $60,894 in 2020
US average: $44,673
Households earning $100K+
77.6%
−0.9 ptssince 2020
from 78.5% in 2020
US average: 53.3%
Poverty rate
1.1%
+1.1 ptssince 2020
from 0.0% in 2020
US average: 12.5%
Income inequality (Gini)
0.373
+1%since 2020
from 0.371 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade10%
US avg: 9.9%
Other services9.7%
US avg: 6.7%
Public administration9.7%
US avg: 4.8%
Finance & insurance9%
US avg: 5.9%
Information7.6%
US avg: 10.8%
Professional, scientific, technical7.2%
US avg: 5.1%
Wholesale trade6.6%
US avg: 6.9%
Arts, entertainment, food5.9%
US avg: 1.9%
Agriculture, forestry, fishing4%
US avg: 1.6%
Construction4%
US avg: 1.2%
Transportation & warehousing3.1%
US avg: 2.2%
Education & health services1.8%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$570,400
+8%inflation adjusted, since 2020
from $434,500 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,081
−23%inflation adjusted, since 2020
from $2,232 in 2020
US average: $1,442
Owner-occupied
80.6%
−3.9 ptssince 2020
from 84.5% in 2020
19.4% rent
Vacancy rate
0.0%
−4.9 ptssince 2020
from 4.9% in 2020
US average: 10.0%
Owner cost-burdened
22.1%
−10.7 ptssince 2020
from 32.8% in 2020
US average: 22.9%
Renter cost-burdened
40.6%
+21.4 ptssince 2020
from 19.2% in 2020
US average: 47.4%
Afford Score
4.1
+29%since 2020
from 3.2 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 534.02 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic44.3%(2,735)
Black12.6%(776)
Hispanic / Latino5.8%(359)
Asian36.3%(2,243)
Other1%(60)
Diversity Score81.5%(5,034)
2024
White, non-Hispanic32.6%(2,192)
Black12.3%(830)
Hispanic / Latino5%(336)
Asian47.3%(3,182)
Other2.9%(193)
Diversity Score81.5%(5,489)
Diversity Score
82
Unchangedsince 2020
from 82 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
66.3%
−3.4 ptssince 2020
from 69.7% in 2020
US average: 35.6%
High school or higher
92.0%
−4.6 ptssince 2020
from 96.6% in 2020
US average: 89.6%
Graduate degree
29.3%
−2.9 ptssince 2020
from 32.2% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
30.7 min
−26%since 2020
from 41.4 min in 2020
US average: 26.5
Drive alone to work
51.5%
−23.8 ptssince 2020
from 75.3% in 2020
US average: 68.9%
Carpooled to work
11.4%
+3.3 ptssince 2020
from 8.1% in 2020
US average: 8.5%
Public transit
3.5%
−2.6 ptssince 2020
from 6.1% in 2020
US average: 3.2%
Worked from home
33.2%
+25.6 ptssince 2020
from 7.6% in 2020
US average: 15.0%
Walked to work
0.4%
−0.6 ptssince 2020
from 1.0% in 2020
US average: 2.4%
Biked to work
0.0%
−0.4 ptssince 2020
from 0.4% in 2020
US average: 0.4%
No vehicle available
0.0%
−2.4 ptssince 2020
from 2.4% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.8%
+0.9 ptssince 2020
from 5.9% in 2020
US average: 5.2%
Labor force participation
71.6%
−2.2 ptssince 2020
from 73.8% in 2020
US average: 63.5%
Self-employed
9.2%
Unchangedsince 2020
from 9.2% in 2020
US average: 13.1%
Management & professional
64.3%
+1.5 ptssince 2020
from 62.7% in 2020
US average: 42.5%
Section 08

People & community

Male
50.7%
+5.3 ptssince 2020
from 45.5% in 2020
Female
49.3%
−5.3 ptssince 2020
from 54.5% in 2020
Foreign born
40.3%
+9.2 ptssince 2020
from 31.1% in 2020
US average: 14.1%
Veterans
3.7%
−0.2 ptssince 2020
from 3.8% in 2020
US average: 6.2%
With a disability
6.9%
Unchangedsince 2020
from 6.9% in 2020
US average: 13.3%
Uninsured
3.7%
+1.3 ptssince 2020
from 2.4% in 2020
US average: 8.4%
Broadband at home
99.6%
+3.7 ptssince 2020
from 95.9% in 2020
US average: 91.0%
English only at home
53.7%
−13.2 ptssince 2020
from 66.9% in 2020
US average: 77.7%
Spanish at home
1.0%
−2.7 ptssince 2020
from 3.7% 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 6,733 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 $138,438 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 $570,400, and the typical rent is about $2,081 a month.

How educated are people in this census tract?

About 66.3% 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 1.1% 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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