Asbury Park, NJ
Population 15,239 · New Jersey
About Asbury Park, NJ
Asbury Park is a mid-sized city located in New Jersey with a population of 15,239 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,080 per year, which is 5% below the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Asbury Park features a median home value of $508,800, which is 108% above the national median of $244,900. This places Asbury Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,679, 44% above the national average of $1,163/month. Of the 8,851 total housing units, 29% are owner-occupied (2,243 units) and 71% are renter-occupied (5,425 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Asbury Park shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 18.8%, above the national average of 12.4%. Workers in Asbury Park have an average one-way commute time of 25.7 minutes.
Education & Demographics
44.4% of Asbury Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 13.1% White, 4.0% Hispanic or Latino, 5.1% Black or African American, and 6.5% Asian residents, with 18.5% of the population being foreign-born.
Cost of Living in Asbury Park, NJ
Compared to national averages, Asbury Park has a median household income of $71,080 (5% below the national median of $75,149). Home values average $508,800, which is 108% above the national median. Monthly rent at $1,679 is 44% above the US average of $1,163. Within New Jersey, Asbury Park's income is 39% below the state average of $115,667, and home values are 8% above the state median of $469,644.
Why Live in Asbury Park, NJ?
Asbury Park offers a well-educated community where 44.4% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($71,080) that falls below the national average, and a competitive housing market where the typical home costs $508,800. However, Asbury Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Asbury Park has a population of 15,239 with a median age of 38.3 years. Compare Asbury Park with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Asbury Park
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Phillipsburg | 15,251 | $67,782 | $180,700 | Compare |
| Tenafly | 15,252 | $208,088 | $974,300 | Compare |
| Princeton Meadows | 15,382 | $124,065 | $636,300 | Compare |
| Metuchen | 14,982 | $157,779 | $565,400 | Compare |
| Highland Park | 14,981 | $101,991 | $463,600 | Compare |
| Williamstown | 14,855 | $87,021 | $255,000 | Compare |
| Cherry Hill Mall | 14,827 | $117,535 | $313,000 | Compare |
| Springdale | 15,672 | $179,531 | $454,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Asbury Park With Other Cities
Frequently Asked Questions about Asbury Park
What is the population of Asbury Park, NJ?
The population of Asbury Park, NJ is 15,239 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in New Jersey.
What is the median household income in Asbury Park?
The median household income in Asbury Park, NJ is $71,080 per year, which is 5% below the national median of $75,149.
What is the median home value in Asbury Park?
The median home value in Asbury Park, NJ is $508,800, which is 108% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Asbury Park?
The median monthly rent in Asbury Park, NJ is $1,679, which is 44% above the national average of $1,163/month.
What is the unemployment rate in Asbury Park?
The unemployment rate in Asbury Park, NJ is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Asbury Park, NJ a good place to live?
Asbury Park offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 15,239 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Asbury Park, NJ?
44.4% of residents in Asbury Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Asbury Park?
Key cost-of-living indicators for Asbury Park, NJ: median home value is $508,800 (108% above national), median rent is $1,679/month, and median household income is $71,080. The home-value-to-income ratio is 7.2x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Asbury Park?
The poverty rate in Asbury Park, NJ is 18.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Asbury Park, NJ?
Asbury Park's population is 13.1% White, 4.0% Hispanic or Latino, 5.1% Black or African American, 6.5% Asian, and 27.9% two or more races. 18.5% of residents are foreign-born.