Hoboken, NJ
Population 58,340 · New Jersey
About Hoboken, NJ
Hoboken is a mid-sized city located in New Jersey with a population of 58,340 residents according to the latest US Census Bureau American Community Survey data. The median household income is $176,943 per year, which is 135% above the national median of $75,149. The median age of 31.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hoboken features a median home value of $872,100, which is 256% above the national median of $244,900. This places Hoboken in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,819, 142% above the national average of $1,163/month. Of the 29,985 total housing units, 34% are owner-occupied (9,421 units) and 66% are renter-occupied (18,233 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 Hoboken shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hoboken have an average one-way commute time of 37.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
83.1% of Hoboken 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 1.3% White, 0.6% Hispanic or Latino, 5.2% Black or African American, and 6.6% Asian residents, with 19.1% of the population being foreign-born.
How Hoboken Ranks in New Jersey
Cost of Living in Hoboken, NJ
Compared to national averages, Hoboken has a median household income of $176,943 (135% above the national median of $75,149). Home values average $872,100, which is 256% above the national median. Monthly rent at $2,819 is 142% above the US average of $1,163. Within New Jersey, Hoboken's income is 53% above the state average of $115,667, and home values are 86% above the state median of $469,644.
Why Live in Hoboken, NJ?
Hoboken offers a strong local economy with a median household income of $176,943, well above the national average, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 83.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 7.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $872,100. However, as a mid-sized city, Hoboken provides access to a wide range of amenities and services.
Hoboken has a population of 58,340 with a median age of 31.9 years. Compare Hoboken with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Hoboken
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vineland | 60,692 | $65,854 | $218,200 | Compare |
| New Brunswick | 55,744 | $60,248 | $316,800 | Compare |
| Perth Amboy | 55,278 | $58,490 | $339,200 | Compare |
| Plainfield | 54,515 | $80,334 | $383,300 | Compare |
| West New York | 51,683 | $67,139 | $410,200 | Compare |
| Union City | 66,375 | $65,369 | $446,800 | Compare |
| East Orange | 69,183 | $59,872 | $315,500 | Compare |
| Passaic | 69,651 | $56,780 | $406,500 | 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 Hoboken With Other Cities
Frequently Asked Questions about Hoboken
What is the population of Hoboken, NJ?
The population of Hoboken, NJ is 58,340 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 Hoboken?
The median household income in Hoboken, NJ is $176,943 per year, which is 135% above the national median of $75,149.
What is the median home value in Hoboken?
The median home value in Hoboken, NJ is $872,100, which is 256% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Hoboken?
The median monthly rent in Hoboken, NJ is $2,819, which is 142% above the national average of $1,163/month.
What is the unemployment rate in Hoboken?
The unemployment rate in Hoboken, NJ is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hoboken, NJ a good place to live?
Hoboken offers above-average incomes, a competitive housing market, and a strong job market. With a population of 58,340 and a median age of 31.9, the city appeals to young professionals and families.
How educated is Hoboken, NJ?
83.1% of residents in Hoboken 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 Hoboken?
Key cost-of-living indicators for Hoboken, NJ: median home value is $872,100 (256% above national), median rent is $2,819/month, and median household income is $176,943. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Hoboken?
The poverty rate in Hoboken, NJ is 7.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hoboken, NJ?
Hoboken's population is 1.3% White, 0.6% Hispanic or Latino, 5.2% Black or African American, 6.6% Asian, and 3.7% two or more races. 19.1% of residents are foreign-born.