Ocean Grove, NJ
Population 2,916 · New Jersey
About Ocean Grove, NJ
Ocean Grove is a small town located in New Jersey with a population of 2,916 residents according to the latest US Census Bureau American Community Survey data. The median household income is $74,410 per year, which is 1% below the national median of $75,149. The median age of 62.1 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 Ocean Grove features a median home value of $764,200, which is 212% above the national median of $244,900. This places Ocean Grove in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,212, 4% above the national average of $1,163/month. Of the 2,831 total housing units, 62% are owner-occupied (1,058 units) and 38% are renter-occupied (658 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Ocean Grove shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 6.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ocean Grove have an average one-way commute time of 30.8 minutes.
Education & Demographics
66.3% of Ocean Grove 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 0.3% White, 0.2% Hispanic or Latino, 0.3% Black or African American, and 6.9% Asian residents, with 11.6% of the population being foreign-born.
Cost of Living in Ocean Grove, NJ
Compared to national averages, Ocean Grove has a median household income of $74,410 (1% below the national median of $75,149). Home values average $764,200, which is 212% above the national median. Monthly rent at $1,212 is 4% above the US average of $1,163. Within New Jersey, Ocean Grove's income is 36% below the state average of $115,667, and home values are 63% above the state median of $469,644.
Why Live in Ocean Grove, NJ?
Ocean Grove offers a well-educated community where 66.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.6%, better than the national average.
Potential considerations include median household income ($74,410) that falls below the national average, and a competitive housing market where the typical home costs $764,200. However, Ocean Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ocean Grove has a population of 2,916 with a median age of 62.1 years. Compare Ocean Grove with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Ocean Grove
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodlynne | 2,899 | $71,635 | $129,900 | Compare |
| Whitesboro | 2,946 | $94,145 | $242,100 | Compare |
| Menlo Park Terrace | 2,952 | $111,111 | $379,100 | Compare |
| Stirling | 2,868 | $158,043 | $671,800 | Compare |
| Hopelawn | 2,986 | $83,977 | $349,500 | Compare |
| Pines Lake | 2,989 | $177,750 | $612,800 | Compare |
| Millington | 3,002 | $202,604 | $746,800 | Compare |
| Groveville | 3,007 | $108,362 | $347,900 | 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 Ocean Grove With Other Cities
Frequently Asked Questions about Ocean Grove
What is the population of Ocean Grove, NJ?
The population of Ocean Grove, NJ is 2,916 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 Ocean Grove?
The median household income in Ocean Grove, NJ is $74,410 per year, which is 1% below the national median of $75,149.
What is the median home value in Ocean Grove?
The median home value in Ocean Grove, NJ is $764,200, which is 212% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ocean Grove?
The median monthly rent in Ocean Grove, NJ is $1,212, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Ocean Grove?
The unemployment rate in Ocean Grove, NJ is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ocean Grove, NJ a good place to live?
Ocean Grove offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 2,916 and a median age of 62.1, the city appeals to established professionals and retirees.
How educated is Ocean Grove, NJ?
66.3% of residents in Ocean Grove 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 Ocean Grove?
Key cost-of-living indicators for Ocean Grove, NJ: median home value is $764,200 (212% above national), median rent is $1,212/month, and median household income is $74,410. The home-value-to-income ratio is 10.3x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Ocean Grove?
The poverty rate in Ocean Grove, NJ is 6.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ocean Grove, NJ?
Ocean Grove's population is 0.3% White, 0.2% Hispanic or Latino, 0.3% Black or African American, 6.9% Asian, and 0.7% two or more races. 11.6% of residents are foreign-born.