Shrewsbury, NJ
Population 4,162 · New Jersey
About Shrewsbury, NJ
Shrewsbury is a small town located in New Jersey with a population of 4,162 residents according to the latest US Census Bureau American Community Survey data. The median household income is $144,500 per year, which is 92% above the national median of $75,149. The median age of 42 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 Shrewsbury features a median home value of $735,900, which is 200% above the national median of $244,900. This places Shrewsbury in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $3,300, 184% above the national average of $1,163/month. Of the 1,526 total housing units, 84% are owner-occupied (1,255 units) and 16% are renter-occupied (237 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shrewsbury shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shrewsbury have an average one-way commute time of 31.3 minutes.
Education & Demographics
65.0% of Shrewsbury 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, 0.8% Hispanic or Latino, 0.3% Black or African American, and 1.2% Asian residents, with 6.8% of the population being foreign-born.
Cost of Living in Shrewsbury, NJ
Compared to national averages, Shrewsbury has a median household income of $144,500 (92% above the national median of $75,149). Home values average $735,900, which is 200% above the national median. Monthly rent at $3,300 is 184% above the US average of $1,163. Within New Jersey, Shrewsbury's income is 25% above the state average of $115,667, and home values are 57% above the state median of $469,644.
Why Live in Shrewsbury, NJ?
Shrewsbury offers a strong local economy with a median household income of $144,500, well above the national average, and a well-educated community where 65.0% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $735,900. However, Shrewsbury’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shrewsbury has a population of 4,162 with a median age of 42 years. Compare Shrewsbury with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Shrewsbury
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lambertville | 4,141 | $106,236 | $534,100 | Compare |
| The College of New Jersey | 4,103 | $8,493 | $0 | Compare |
| Ho-Ho-Kus | 4,230 | $250,001 | $1,032,800 | Compare |
| Riverdale | 4,084 | $96,667 | $384,500 | Compare |
| Leisure Village West | 4,070 | $60,309 | $203,700 | Compare |
| Bradley Beach | 4,264 | $94,722 | $857,200 | Compare |
| Medford Lakes | 4,267 | $151,190 | $368,200 | Compare |
| Westville | 4,285 | $78,333 | $183,500 | 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 Shrewsbury With Other Cities
Frequently Asked Questions about Shrewsbury
What is the population of Shrewsbury, NJ?
The population of Shrewsbury, NJ is 4,162 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 Shrewsbury?
The median household income in Shrewsbury, NJ is $144,500 per year, which is 92% above the national median of $75,149.
What is the median home value in Shrewsbury?
The median home value in Shrewsbury, NJ is $735,900, which is 200% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shrewsbury?
The median monthly rent in Shrewsbury, NJ is $3,300, which is 184% above the national average of $1,163/month.
What is the unemployment rate in Shrewsbury?
The unemployment rate in Shrewsbury, NJ is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Shrewsbury, NJ a good place to live?
Shrewsbury offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,162 and a median age of 42, the city appeals to a broad range of residents.
How educated is Shrewsbury, NJ?
65.0% of residents in Shrewsbury 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 Shrewsbury?
Key cost-of-living indicators for Shrewsbury, NJ: median home value is $735,900 (200% above national), median rent is $3,300/month, and median household income is $144,500. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Shrewsbury?
The poverty rate in Shrewsbury, NJ is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shrewsbury, NJ?
Shrewsbury's population is 0.0% White, 0.8% Hispanic or Latino, 0.3% Black or African American, 1.2% Asian, and 4.3% two or more races. 6.8% of residents are foreign-born.