Montvale, NJ
Population 8,625 · New Jersey
About Montvale, NJ
Montvale is a small town located in New Jersey with a population of 8,625 residents according to the latest US Census Bureau American Community Survey data. The median household income is $183,664 per year, which is 144% above the national median of $75,149. The median age of 40.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Montvale features a median home value of $688,500, which is 181% above the national median of $244,900. This places Montvale in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,241, 93% above the national average of $1,163/month. Of the 3,188 total housing units, 84% are owner-occupied (2,596 units) and 16% are renter-occupied (490 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Montvale shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Montvale have an average one-way commute time of 31.9 minutes.
Education & Demographics
56.8% of Montvale 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 3.0% White, 0.3% Hispanic or Latino, 1.7% Black or African American, and 4.4% Asian residents, with 19.5% of the population being foreign-born.
Cost of Living in Montvale, NJ
Compared to national averages, Montvale has a median household income of $183,664 (144% above the national median of $75,149). Home values average $688,500, which is 181% above the national median. Monthly rent at $2,241 is 93% above the US average of $1,163. Within New Jersey, Montvale's income is 59% above the state average of $115,667, and home values are 47% above the state median of $469,644.
Why Live in Montvale, NJ?
Montvale offers a strong local economy with a median household income of $183,664, well above the national average, and a well-educated community where 56.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $688,500. However, Montvale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Montvale has a population of 8,625 with a median age of 40.7 years. Compare Montvale with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Montvale
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| West Long Branch | 8,576 | $123,661 | $631,300 | Compare |
| Audubon | 8,699 | $116,900 | $288,500 | Compare |
| Closter | 8,544 | $187,500 | $820,100 | Compare |
| White Meadow Lake | 8,706 | $150,042 | $441,000 | Compare |
| North Haledon | 8,757 | $131,810 | $517,200 | Compare |
| Madison Park | 8,798 | $76,396 | $386,200 | Compare |
| Boonton | 8,803 | $100,417 | $475,300 | Compare |
| Northfield | 8,427 | $104,042 | $275,900 | 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 Montvale With Other Cities
Frequently Asked Questions about Montvale
What is the population of Montvale, NJ?
The population of Montvale, NJ is 8,625 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 Montvale?
The median household income in Montvale, NJ is $183,664 per year, which is 144% above the national median of $75,149.
What is the median home value in Montvale?
The median home value in Montvale, NJ is $688,500, which is 181% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Montvale?
The median monthly rent in Montvale, NJ is $2,241, which is 93% above the national average of $1,163/month.
What is the unemployment rate in Montvale?
The unemployment rate in Montvale, NJ is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Montvale, NJ a good place to live?
Montvale offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,625 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Montvale, NJ?
56.8% of residents in Montvale 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 Montvale?
Key cost-of-living indicators for Montvale, NJ: median home value is $688,500 (181% above national), median rent is $2,241/month, and median household income is $183,664. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Montvale?
The poverty rate in Montvale, NJ is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Montvale, NJ?
Montvale's population is 3.0% White, 0.3% Hispanic or Latino, 1.7% Black or African American, 4.4% Asian, and 2.6% two or more races. 19.5% of residents are foreign-born.