Morganville, NJ
Population 5,544 · New Jersey
About Morganville, NJ
Morganville is a small town located in New Jersey with a population of 5,544 residents according to the latest US Census Bureau American Community Survey data. The median household income is $134,911 per year, which is 80% above the national median of $75,149. The median age of 46 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Morganville features a median home value of $575,900, which is 135% above the national median of $244,900. This places Morganville in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,677, 130% above the national average of $1,163/month. Of the 2,206 total housing units, 88% are owner-occupied (1,915 units) and 12% are renter-occupied (269 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Morganville shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Morganville have an average one-way commute time of 37.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
58.9% of Morganville 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, 1.3% Hispanic or Latino, 3.1% Black or African American, and 4.5% Asian residents, with 28.1% of the population being foreign-born.
How Morganville Ranks in New Jersey
Cost of Living in Morganville, NJ
Compared to national averages, Morganville has a median household income of $134,911 (80% above the national median of $75,149). Home values average $575,900, which is 135% above the national median. Monthly rent at $2,677 is 130% above the US average of $1,163. Within New Jersey, Morganville's income is 17% above the state average of $115,667, and home values are 23% above the state median of $469,644.
Why Live in Morganville, NJ?
Morganville offers a strong local economy with a median household income of $134,911, well above the national average, and a strong job market with an unemployment rate of just 1.8%, and a well-educated community where 58.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $575,900. However, Morganville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Morganville has a population of 5,544 with a median age of 46 years. Compare Morganville with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Morganville
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Somerdale | 5,535 | $79,101 | $221,600 | Compare |
| Towaco | 5,627 | $197,696 | $690,900 | Compare |
| Lyons | 5,444 | $243,958 | $936,000 | Compare |
| Norwood | 5,668 | $164,766 | $676,400 | Compare |
| Neshanic Station | 5,403 | $213,682 | $636,200 | Compare |
| East Freehold | 5,381 | $195,804 | $626,800 | Compare |
| Cape May Court House | 5,375 | $74,503 | $355,500 | Compare |
| Glendora | 5,367 | $94,792 | $219,700 | 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 Morganville With Other Cities
Frequently Asked Questions about Morganville
What is the population of Morganville, NJ?
The population of Morganville, NJ is 5,544 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 Morganville?
The median household income in Morganville, NJ is $134,911 per year, which is 80% above the national median of $75,149.
What is the median home value in Morganville?
The median home value in Morganville, NJ is $575,900, which is 135% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Morganville?
The median monthly rent in Morganville, NJ is $2,677, which is 130% above the national average of $1,163/month.
What is the unemployment rate in Morganville?
The unemployment rate in Morganville, NJ is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Morganville, NJ a good place to live?
Morganville offers above-average incomes, a competitive housing market, and a strong job market. With a population of 5,544 and a median age of 46, the city appeals to established professionals and retirees.
How educated is Morganville, NJ?
58.9% of residents in Morganville 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 Morganville?
Key cost-of-living indicators for Morganville, NJ: median home value is $575,900 (135% above national), median rent is $2,677/month, and median household income is $134,911. The home-value-to-income ratio is 4.3x, a moderate figure by national standards.
What is the poverty rate in Morganville?
The poverty rate in Morganville, NJ is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Morganville, NJ?
Morganville's population is 0.0% White, 1.3% Hispanic or Latino, 3.1% Black or African American, 4.5% Asian, and 0.3% two or more races. 28.1% of residents are foreign-born.