Merchantville, NJ
Population 3,815 · New Jersey
About Merchantville, NJ
Merchantville is a small town located in New Jersey with a population of 3,815 residents according to the latest US Census Bureau American Community Survey data. The median household income is $91,607 per year, which is 22% above the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Merchantville features a median home value of $316,300, which is 29% above the national median of $244,900. This positions Merchantville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,097, 6% below the national average of $1,163/month. Of the 1,634 total housing units, 62% are owner-occupied (932 units) and 38% are renter-occupied (569 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Merchantville shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.7%, above the national average of 12.4%. Workers in Merchantville have an average one-way commute time of 27 minutes.
Education & Demographics
37.0% of Merchantville 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, 20.0% Black or African American, and 5.1% Asian residents, with 5.2% of the population being foreign-born.
How Merchantville Ranks in New Jersey
Cost of Living in Merchantville, NJ
Compared to national averages, Merchantville has a median household income of $91,607 (22% above the national median of $75,149). Home values average $316,300, which is 29% above the national median. Monthly rent at $1,097 is 6% below the US average of $1,163. Within New Jersey, Merchantville's income is 21% below the state average of $115,667, and home values are 33% below the state median of $469,644.
Why Live in Merchantville, NJ?
Merchantville offers a strong local economy with a median household income of $91,607, well above the national average, and rent that’s lower than the national average at $1,097/month, and a strong job market with an unemployment rate of just 3.3%. Additionally, the city features a well-educated community where 37.0% of residents hold a bachelor’s degree or higher.
Merchantville has a population of 3,815 with a median age of 36.8 years. Compare Merchantville with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Merchantville
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oakhurst | 3,811 | $142,727 | $644,400 | Compare |
| Robbinsville Center | 3,808 | $131,202 | $515,400 | Compare |
| Port Reading | 3,775 | $142,986 | $414,900 | Compare |
| White House Station | 3,758 | $85,000 | $426,200 | Compare |
| Great Notch | 3,898 | $151,705 | $556,300 | Compare |
| South Toms River | 3,701 | $101,466 | $269,200 | Compare |
| Oaklyn | 3,934 | $81,514 | $245,000 | Compare |
| Woodstown | 3,690 | $101,855 | $231,700 | 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 Merchantville With Other Cities
Frequently Asked Questions about Merchantville
What is the population of Merchantville, NJ?
The population of Merchantville, NJ is 3,815 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 Merchantville?
The median household income in Merchantville, NJ is $91,607 per year, which is 22% above the national median of $75,149.
What is the median home value in Merchantville?
The median home value in Merchantville, NJ is $316,300, which is 29% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Merchantville?
The median monthly rent in Merchantville, NJ is $1,097, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Merchantville?
The unemployment rate in Merchantville, NJ is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Merchantville, NJ a good place to live?
Merchantville offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,815 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Merchantville, NJ?
37.0% of residents in Merchantville 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 Merchantville?
Key cost-of-living indicators for Merchantville, NJ: median home value is $316,300 (29% above national), median rent is $1,097/month, and median household income is $91,607. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Merchantville?
The poverty rate in Merchantville, NJ is 16.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Merchantville, NJ?
Merchantville's population is 0.0% White, 0.0% Hispanic or Latino, 20.0% Black or African American, 5.1% Asian, and 8.1% two or more races. 5.2% of residents are foreign-born.