Monmouth Junction, NJ
Population 9,457 · New Jersey
About Monmouth Junction, NJ
Monmouth Junction is a small town located in New Jersey with a population of 9,457 residents according to the latest US Census Bureau American Community Survey data. The median household income is $125,892 per year, which is 68% above the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Monmouth Junction features a median home value of $497,100, which is 103% above the national median of $244,900. This places Monmouth Junction in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,880, 62% above the national average of $1,163/month. Of the 3,624 total housing units, 63% are owner-occupied (2,261 units) and 37% are renter-occupied (1,306 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Monmouth Junction shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 7.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Monmouth Junction have an average one-way commute time of 34.6 minutes.
Education & Demographics
72.9% of Monmouth Junction 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 0.0% White, 0.0% Hispanic or Latino, 2.2% Black or African American, and 4.2% Asian residents, with 48.7% of the population being foreign-born.
Cost of Living in Monmouth Junction, NJ
Compared to national averages, Monmouth Junction has a median household income of $125,892 (68% above the national median of $75,149). Home values average $497,100, which is 103% above the national median. Monthly rent at $1,880 is 62% above the US average of $1,163. Within New Jersey, Monmouth Junction's income is 9% above the state average of $115,667, and home values are 6% above the state median of $469,644.
Why Live in Monmouth Junction, NJ?
Monmouth Junction offers a strong local economy with a median household income of $125,892, well above the national average, and a well-educated community where 72.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $497,100. However, Monmouth Junction’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Monmouth Junction has a population of 9,457 with a median age of 40.2 years. Compare Monmouth Junction with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Monmouth Junction
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ashland | 9,437 | $112,009 | $305,700 | Compare |
| Browns Mills | 9,561 | $71,975 | $214,100 | Compare |
| Leonia | 9,300 | $116,429 | $634,500 | Compare |
| Matawan | 9,636 | $122,026 | $447,000 | Compare |
| Smithville | 9,260 | $72,875 | $270,600 | Compare |
| Pine Lake Park | 9,251 | $87,998 | $377,200 | Compare |
| Ventnor City | 9,220 | $74,619 | $345,300 | Compare |
| Chatham | 9,219 | $250,001 | $944,300 | 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 Monmouth Junction With Other Cities
Frequently Asked Questions about Monmouth Junction
What is the population of Monmouth Junction, NJ?
The population of Monmouth Junction, NJ is 9,457 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 Monmouth Junction?
The median household income in Monmouth Junction, NJ is $125,892 per year, which is 68% above the national median of $75,149.
What is the median home value in Monmouth Junction?
The median home value in Monmouth Junction, NJ is $497,100, which is 103% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Monmouth Junction?
The median monthly rent in Monmouth Junction, NJ is $1,880, which is 62% above the national average of $1,163/month.
What is the unemployment rate in Monmouth Junction?
The unemployment rate in Monmouth Junction, NJ is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Monmouth Junction, NJ a good place to live?
Monmouth Junction offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 9,457 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Monmouth Junction, NJ?
72.9% of residents in Monmouth Junction 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 Monmouth Junction?
Key cost-of-living indicators for Monmouth Junction, NJ: median home value is $497,100 (103% above national), median rent is $1,880/month, and median household income is $125,892. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Monmouth Junction?
The poverty rate in Monmouth Junction, NJ is 7.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Monmouth Junction, NJ?
Monmouth Junction's population is 0.0% White, 0.0% Hispanic or Latino, 2.2% Black or African American, 4.2% Asian, and 6.6% two or more races. 48.7% of residents are foreign-born.