Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.9 yrs |
|---|---|
| Avg HH Size | 2.27 |
| Below Poverty | 4.0% ▼ 60% below avg |
| College Grads | 57.8% ▲ 49% above avg |
| Unemployment | 5.6% ▲ 14% above avg |
| No HS Diploma | 463 (1.1%) |
| HS Graduate | 9,611 (23.4%) |
| Some College | 3,431 (8.4%) |
| Associates | 3,814 (9.3%) |
| Bachelors | 2,480 (6%) |
| Graduate Degree | 21,235 (51.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $108,741 ▲ 43% above avg |
|---|---|
| Median Home Value | $489,700 ▲ 76% above avg |
| Home/Income Ratio | 4.5x (nat avg ~3.5x) |
| Median Rent | $1,872/mo |
| Total Housing Units | 24,898 |
| Vacant Units | 1,040 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Monroe Township is a city in New Jersey, located in Middlesex County. The city spans 1 ZIP code and is home to approximately 54,608 residents. It is a mature city, with a median age of 54.9 years.
Economically, Monroe Township is a upper-middle-income community. The median household income of $108,741 is above the national average. Approximately 4.0% of residents live below the poverty line. The unemployment rate is 5.6%, near the national average.
The real estate market in Monroe Township is a premium housing market. Median home values stand at $489,700, which is significantly above the national average. Renters typically pay around $1,872 per month. Homeownership is high at 89.6%, typical of suburban and family-oriented communities.
The population of Monroe Township is well-educated. 57.8% of adults hold a bachelor's degree or higher — above the national average. The community is majority White (63.8%).
Monroe Township, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 08831 | 54,608 | $108,741 | $489,700 | $1,872 | 5.6% | 57.8% | 89.6% |