Matawan, NJ
Population 9,636 · New Jersey
About Matawan, NJ
Matawan is a small town located in New Jersey with a population of 9,636 residents according to the latest US Census Bureau American Community Survey data. The median household income is $122,026 per year, which is 62% above the national median of $75,149. The median age of 35.8 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 Matawan features a median home value of $447,000, which is 83% above the national median of $244,900. This places Matawan in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,714, 47% above the national average of $1,163/month. Of the 3,853 total housing units, 57% are owner-occupied (2,124 units) and 43% are renter-occupied (1,592 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Matawan shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Matawan have an average one-way commute time of 30.1 minutes.
Education & Demographics
44.1% of Matawan 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 1.0% White, 1.5% Hispanic or Latino, 7.1% Black or African American, and 7.1% Asian residents, with 10.8% of the population being foreign-born.
Cost of Living in Matawan, NJ
Compared to national averages, Matawan has a median household income of $122,026 (62% above the national median of $75,149). Home values average $447,000, which is 83% above the national median. Monthly rent at $1,714 is 47% above the US average of $1,163. Within New Jersey, Matawan's income is 5% above the state average of $115,667, and home values are 5% below the state median of $469,644.
Why Live in Matawan, NJ?
Matawan offers a strong local economy with a median household income of $122,026, well above the national average, and a well-educated community where 44.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 10.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $447,000. However, Matawan’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Matawan has a population of 9,636 with a median age of 35.8 years. Compare Matawan with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Matawan
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Browns Mills | 9,561 | $71,975 | $214,100 | Compare |
| South Amboy | 9,714 | $110,125 | $365,000 | Compare |
| Keansburg | 9,729 | $87,484 | $274,500 | Compare |
| Monmouth Junction | 9,457 | $125,892 | $497,100 | Compare |
| Ashland | 9,437 | $112,009 | $305,700 | Compare |
| Succasunna | 9,866 | $164,555 | $483,300 | Compare |
| Villas | 9,897 | $74,203 | $290,000 | Compare |
| Burlington | 9,904 | $78,009 | $221,000 | 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 Matawan With Other Cities
Frequently Asked Questions about Matawan
What is the population of Matawan, NJ?
The population of Matawan, NJ is 9,636 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 Matawan?
The median household income in Matawan, NJ is $122,026 per year, which is 62% above the national median of $75,149.
What is the median home value in Matawan?
The median home value in Matawan, NJ is $447,000, which is 83% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Matawan?
The median monthly rent in Matawan, NJ is $1,714, which is 47% above the national average of $1,163/month.
What is the unemployment rate in Matawan?
The unemployment rate in Matawan, NJ is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Matawan, NJ a good place to live?
Matawan offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 9,636 and a median age of 35.8, the city appeals to a broad range of residents.
How educated is Matawan, NJ?
44.1% of residents in Matawan 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 Matawan?
Key cost-of-living indicators for Matawan, NJ: median home value is $447,000 (83% above national), median rent is $1,714/month, and median household income is $122,026. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Matawan?
The poverty rate in Matawan, NJ is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Matawan, NJ?
Matawan's population is 1.0% White, 1.5% Hispanic or Latino, 7.1% Black or African American, 7.1% Asian, and 13.0% two or more races. 10.8% of residents are foreign-born.