Farmingdale, NJ
Population 1,399 · New Jersey
About Farmingdale, NJ
Farmingdale is a small town located in New Jersey with a population of 1,399 residents according to the latest US Census Bureau American Community Survey data. The median household income is $97,574 per year, which is 30% above the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farmingdale features a median home value of $401,000, which is 64% above the national median of $244,900. This places Farmingdale in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,548, 33% above the national average of $1,163/month. Of the 594 total housing units, 57% are owner-occupied (334 units) and 43% are renter-occupied (248 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Farmingdale shows an unemployment rate of 13.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farmingdale have an average one-way commute time of 27.3 minutes.
Education & Demographics
37.4% of Farmingdale residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.7% White, 1.1% Hispanic or Latino, 6.8% Black or African American, and 2.9% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Farmingdale, NJ
Compared to national averages, Farmingdale has a median household income of $97,574 (30% above the national median of $75,149). Home values average $401,000, which is 64% above the national median. Monthly rent at $1,548 is 33% above the US average of $1,163. Within New Jersey, Farmingdale's income is 16% below the state average of $115,667, and home values are 15% below the state median of $469,644.
Why Live in Farmingdale, NJ?
Farmingdale offers a strong local economy with a median household income of $97,574, well above the national average, and a well-educated community where 37.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $401,000. However, Farmingdale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmingdale has a population of 1,399 with a median age of 36.5 years. Compare Farmingdale with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Farmingdale
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Victory Lakes | 1,403 | $97,273 | $228,000 | Compare |
| Rainbow Lakes | 1,376 | $109,083 | $531,700 | Compare |
| Pemberton | 1,373 | $88,333 | $303,200 | Compare |
| Centre Grove | 1,371 | $104,028 | $209,300 | Compare |
| Chester | 1,359 | $152,578 | $640,400 | Compare |
| Kean University | 1,359 | $0 | $0 | Compare |
| Silver Lake CDP (Cumberland County), New Jersey | 1,447 | $88,217 | $304,800 | Compare |
| Sunset Lake | 1,341 | $53,663 | $539,200 | 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 Farmingdale With Other Cities
Frequently Asked Questions about Farmingdale
What is the population of Farmingdale, NJ?
The population of Farmingdale, NJ is 1,399 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Farmingdale?
The median household income in Farmingdale, NJ is $97,574 per year, which is 30% above the national median of $75,149.
What is the median home value in Farmingdale?
The median home value in Farmingdale, NJ is $401,000, which is 64% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farmingdale?
The median monthly rent in Farmingdale, NJ is $1,548, which is 33% above the national average of $1,163/month.
What is the unemployment rate in Farmingdale?
The unemployment rate in Farmingdale, NJ is 13.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Farmingdale, NJ a good place to live?
Farmingdale offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,399 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Farmingdale, NJ?
37.4% of residents in Farmingdale 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 Farmingdale?
Key cost-of-living indicators for Farmingdale, NJ: median home value is $401,000 (64% above national), median rent is $1,548/month, and median household income is $97,574. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Farmingdale?
The poverty rate in Farmingdale, NJ is 2.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Farmingdale, NJ?
Farmingdale's population is 0.7% White, 1.1% Hispanic or Latino, 6.8% Black or African American, 2.9% Asian, and 2.3% two or more races. 2.0% of residents are foreign-born.