Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.5 yrs |
|---|---|
| Avg HH Size | 2.90 |
| Below Poverty | 3.4% ▼ 66% below avg |
| College Grads | 72.8% ▲ 88% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 188 (1.4%) |
| HS Graduate | 2,000 (14.9%) |
| Some College | 707 (5.3%) |
| Associates | 767 (5.7%) |
| Bachelors | 1,150 (8.6%) |
| Graduate Degree | 8,638 (64.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $172,576 ▲ 126% above avg |
|---|---|
| Median Home Value | $663,100 ▲ 138% above avg |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $2,636/mo |
| Total Housing Units | 7,567 |
| Vacant Units | 169 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Morganville is a city in New Jersey, located in Monmouth County. The city spans 1 ZIP code and is home to approximately 21,431 residents. It is a middle-aged city, with a median age of 42.5 years.
Economically, Morganville is a affluent community. The median household income of $172,576 is more than double the national average. Approximately 3.4% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Morganville is a premium housing market. Median home values stand at $663,100, which is more than double the national average. Renters typically pay around $2,636 per month. Homeownership is high at 90.6%, typical of suburban and family-oriented communities.
The population of Morganville is highly educated. 72.8% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (58.77%).
Morganville, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07751 | 21,431 | $172,576 | $663,100 | $2,636 | 2.4% | 72.8% | 90.6% |