Living in Carteret, New Jersey
Cost of living, income, home prices, rent and demographics of Carteret · Census data 2020–2024
Carteret has 25,496 residents with a median age of 38.2. The median household income is $96,862 (6% lower than the New Jersey median), the median home value is $405,800, the median rent is $2,032/month.
Carteret at a glance
- Population
- 25,496
- Median age
- 38.2State: 40.1
- Median household income
- $96,862State: $103,556
- Median home value
- $405,800State: $454,400
- Median rent
- $2,032/moState: $1,720
- Homeowners
- 54.7%
- Bachelor's degree or higher
- 30.1%
- Average commute
- 31 min
Is Carteret a good place to live?
Pros: Home values 11% lower than the state median; a poverty rate of 8.2%.
Cons: Median household income 6% lower than the New Jersey median; an average commute of 31 minutes; unemployment of 10.1%.
The weather is best in May–June and August–September.
Cost of living in Carteret
Housing is the biggest part of the cost of living. In Carteret the median home value is $405,800, 22% higher than the U.S. median. Renters pay a median of $2,032 per month, which is 27.9% of household income. Homeowners with a mortgage pay $2,602 a month in housing costs.
Carteret median household income
The median household income in Carteret is $96,862 and the income per person is $38,591. 8.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Carteret: homes for sale and rent
- Housing units
- 8,741
- Owner-occupied
- 54.7%
- Renter-occupied
- 45.3%
- Vacant
- 5.9%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 3.10
Carteret demographics
- Population
- 25,496
- Median age
- 38.2
- Under 18
- 23.6%
- 65 and older
- 14.4%
- Households
- 8,224
- Foreign-born
- 33.7%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Carteret ›
Education in Carteret
30.1% of adults 25 and older in Carteret have a bachelor's degree or higher (New Jersey: 43.6%), and 8.7% have a graduate or professional degree.
Jobs and commute in Carteret
- Unemployment rate
- 10.1%State: 6.3%
- Average commute
- 31 minState: 31 min
- Work from home
- 11.1%
- Drive alone
- 68.1%
- Public transit
- 6.9%
- Walk to work
- 2.7%
- Homes with broadband
- 92.6%
Carteret vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Carteret | 25,496 | $96,862 | $405,800 | $2,032 |
| Port Reading | 3,511 | $134,479 | $435,600 | — |
| Avenel | 17,121 | $101,670 | $401,000 | $1,906 |
| Linden | 44,192 | $92,915 | $419,700 | $1,731 |
| Rahway | 30,109 | $91,461 | $386,400 | $1,845 |
| Sewaren | 3,248 | $108,948 | $429,200 | $1,387 |
| Woodbridge | 104,355 | $108,928 | $433,000 | $1,959 |
| Colonia | 18,587 | $122,713 | $493,100 | $2,047 |
| Iselin | 19,551 | $109,500 | $426,800 | $2,113 |
More for people moving to Carteret
Carteret ZIP code ›Weather and climate ›Living in Carteret: FAQ
What is the median household income in Carteret, NJ?
The median household income in Carteret is $96,862, 6% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Carteret?
The median home value in Carteret is $405,800, compared with $454,400 in New Jersey.
How much is rent in Carteret?
The median gross rent in Carteret is $2,032 per month, about 27.9% of household income.
Is Carteret, NJ a good place to live?
Pluses: home values 11% lower than the state median; a poverty rate of 8.2%. Minuses: median household income 6% lower than the New Jersey median; an average commute of 31 minutes; unemployment of 10.1%.
What is the median age in Carteret?
The median age in Carteret is 38.2 years (New Jersey: 40.1).
How long is the commute in Carteret?
The average commute to work in Carteret is 31 minutes; 11.1% of workers work from home.
What is the unemployment rate in Carteret?
The unemployment rate in Carteret is 10.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Carteret?
30.1% of adults in Carteret have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: