Leonardo, NJ
Population 2,342 · New Jersey
About Leonardo, NJ
Leonardo is a small town located in New Jersey with a population of 2,342 residents according to the latest US Census Bureau American Community Survey data. The median household income is $122,216 per year, which is 63% above the national median of $75,149. The median age of 39.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Leonardo features a median home value of $432,200, which is 76% above the national median of $244,900. This places Leonardo in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,439, 24% above the national average of $1,163/month. Of the 1,012 total housing units, 88% are owner-occupied (805 units) and 12% are renter-occupied (114 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Leonardo shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Leonardo have an average one-way commute time of 35.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
41.0% of Leonardo 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 0.0% White, 0.0% Hispanic or Latino, 0.6% Black or African American, and 2.6% Asian residents, with 4.3% of the population being foreign-born.
Cost of Living in Leonardo, NJ
Compared to national averages, Leonardo has a median household income of $122,216 (63% above the national median of $75,149). Home values average $432,200, which is 76% above the national median. Monthly rent at $1,439 is 24% above the US average of $1,163. Within New Jersey, Leonardo's income is 6% above the state average of $115,667, and home values are 8% below the state median of $469,644.
Why Live in Leonardo, NJ?
Leonardo offers a strong local economy with a median household income of $122,216, well above the national average, and a well-educated community where 41.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $432,200. However, Leonardo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Leonardo has a population of 2,342 with a median age of 39.4 years. Compare Leonardo with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Leonardo
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gibbsboro | 2,337 | $99,881 | $278,200 | Compare |
| Manahawkin | 2,359 | $79,417 | $399,500 | Compare |
| Essex Fells | 2,320 | $250,001 | $976,300 | Compare |
| Helmetta | 2,317 | $104,143 | $321,400 | Compare |
| Monroe Manor | 2,308 | $160,833 | $599,300 | Compare |
| Pine Beach | 2,378 | $121,333 | $438,300 | Compare |
| Macopin | 2,305 | $127,824 | $370,300 | Compare |
| Cranbury | 2,304 | $230,703 | $794,500 | 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 Leonardo With Other Cities
Frequently Asked Questions about Leonardo
What is the population of Leonardo, NJ?
The population of Leonardo, NJ is 2,342 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 Leonardo?
The median household income in Leonardo, NJ is $122,216 per year, which is 63% above the national median of $75,149.
What is the median home value in Leonardo?
The median home value in Leonardo, NJ is $432,200, which is 76% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Leonardo?
The median monthly rent in Leonardo, NJ is $1,439, which is 24% above the national average of $1,163/month.
What is the unemployment rate in Leonardo?
The unemployment rate in Leonardo, NJ is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Leonardo, NJ a good place to live?
Leonardo offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 2,342 and a median age of 39.4, the city appeals to a broad range of residents.
How educated is Leonardo, NJ?
41.0% of residents in Leonardo 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 Leonardo?
Key cost-of-living indicators for Leonardo, NJ: median home value is $432,200 (76% above national), median rent is $1,439/month, and median household income is $122,216. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Leonardo?
The poverty rate in Leonardo, NJ is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Leonardo, NJ?
Leonardo's population is 0.0% White, 0.0% Hispanic or Latino, 0.6% Black or African American, 2.6% Asian, and 0.0% two or more races. 4.3% of residents are foreign-born.