Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.0 yrs |
|---|---|
| Avg HH Size | 2.68 |
| Below Poverty | 3.5% ▼ 65% below avg |
| College Grads | 69.6% ▲ 80% above avg |
| Unemployment | 5.0% ≈ Avg |
| HS Graduate | 440 (16.4%) |
| Some College | 222 (8.3%) |
| Associates | 153 (5.7%) |
| Bachelors | 132 (4.9%) |
| Graduate Degree | 1,734 (64.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $144,500 ▲ 89% above avg |
|---|---|
| Median Home Value | $735,900 ▲ 164% above avg |
| Home/Income Ratio | 5.1x (nat avg ~3.5x) |
| Median Rent | $3,300/mo |
| Total Housing Units | 1,526 |
| Vacant Units | 34 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Shrewsbury is a city in New Jersey, located in Monmouth County. The city spans 1 ZIP code and is home to approximately 4,162 residents. It is a middle-aged city, with a median age of 42 years.
Economically, Shrewsbury is a upper-middle-income community. The median household income of $144,500 is significantly above the national average. Approximately 3.5% of residents live below the poverty line. The unemployment rate is 5.0%, near the national average.
The real estate market in Shrewsbury is a premium housing market. Median home values stand at $735,900, which is more than double the national average. Renters typically pay around $3,300 per month. Homeownership is high at 84.1%, typical of suburban and family-oriented communities.
The population of Shrewsbury is highly educated. 69.6% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (85.27%).
Shrewsbury, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07702 | 4,162 | $144,500 | $735,900 | $3,300 | 5.0% | 69.6% | 84.1% |