Menlo Park Terrace, NJ
Population 2,952 · New Jersey
About Menlo Park Terrace, NJ
Menlo Park Terrace is a small community in New Jersey with a population of 2,952 residents. The median household income is $111,111 per year, which is above the national average. The median age in Menlo Park Terrace is 40.1 years.
Housing in Menlo Park Terrace has a median home value of $379,100 and median monthly rent of $1,879. Of the 931 total housing units, the majority are owner-occupied, with 809 owner-occupied and 91 renter-occupied units.
The unemployment rate in Menlo Park Terrace is 6.9% and the poverty rate is 6.0%. 37.8% of residents hold a bachelor's degree or higher. The average commute time is 29.8 minutes.
Cost of Living in Menlo Park Terrace, NJ
Compared to national averages, Menlo Park Terrace has a median household income of $111,111 (48% above the national median of $75,149). Home values average $379,100, which is 55% above the national median. Monthly rent at $1,879 is 62% above the US average of $1,163. Within New Jersey, Menlo Park Terrace's income is 4% below the state average of $115,667, and home values are 19% below the state median of $469,644.
Why Live in Menlo Park Terrace, NJ?
Menlo Park Terrace offers a strong local economy with a median household income of $111,111, well above the national average, and a well-educated community where 37.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $379,100. However, Menlo Park Terrace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Menlo Park Terrace has a population of 2,952 with a median age of 40.1 years. Compare Menlo Park Terrace with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Menlo Park Terrace
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Whitesboro | 2,946 | $94,145 | $242,100 | Compare |
| Hopelawn | 2,986 | $83,977 | $349,500 | Compare |
| Ocean Grove | 2,916 | $74,410 | $764,200 | Compare |
| Pines Lake | 2,989 | $177,750 | $612,800 | Compare |
| Millington | 3,002 | $202,604 | $746,800 | Compare |
| Woodlynne | 2,899 | $71,635 | $129,900 | Compare |
| Groveville | 3,007 | $108,362 | $347,900 | Compare |
| Shark River Hills | 3,035 | $133,193 | $482,800 | 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.
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Frequently Asked Questions about Menlo Park Terrace
What is the population of Menlo Park Terrace, NJ?
The population of Menlo Park Terrace, NJ is 2,952 according to the latest Census data.
What is the median household income in Menlo Park Terrace?
The median household income in Menlo Park Terrace, NJ is $111,111 per year.
What is the median home value in Menlo Park Terrace?
The median home value in Menlo Park Terrace, NJ is $379,100.
What is the average rent in Menlo Park Terrace?
The median monthly rent in Menlo Park Terrace, NJ is $1,879.
What is the unemployment rate in Menlo Park Terrace?
The unemployment rate in Menlo Park Terrace, NJ is 6.9%.