Living in Farmingdale, New Jersey
Cost of living, income, home prices, rent and demographics of Farmingdale · Census data 2020–2024
Farmingdale has 1,449 residents with a median age of 36.7. The median household income is $89,327 (14% lower than the New Jersey median), the median home value is $427,300, the median rent is $1,648/month.
Farmingdale is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Farmingdale at a glance
- Population
- 1,449
- Median age
- 36.7State: 40.1
- Median household income
- $89,327State: $103,556
- Median home value
- $427,300State: $454,400
- Median rent
- $1,648/moState: $1,720
- Homeowners
- 55.5%
- Bachelor's degree or higher
- 38.3%
- Average commute
- 25 min
Is Farmingdale a good place to live?
Pros: Home values 6% lower than the state median; an average commute of 25 minutes; a poverty rate of 5.7%.
Cons: Median household income 14% lower than the New Jersey median; unemployment of 11.2%.
The weather is best in May–June and August–September.
Cost of living in Farmingdale
Housing is the biggest part of the cost of living. In Farmingdale the median home value is $427,300, 28% higher than the U.S. median. Renters pay a median of $1,648 per month, which is 36.3% of household income. Homeowners with a mortgage pay $2,443 a month in housing costs.
Farmingdale median household income
The median household income in Farmingdale is $89,327 and the income per person is $43,538. 5.7% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Farmingdale: homes for sale and rent
- Housing units
- 596
- Owner-occupied
- 55.5%
- Renter-occupied
- 44.5%
- Vacant
- 1.2%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.44
Farmingdale demographics
- Population
- 1,449
- Median age
- 36.7
- Under 18
- 17.9%
- 65 and older
- 17.4%
- Households
- 589
- Foreign-born
- 2.3%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Farmingdale ›
Education in Farmingdale
38.3% of adults 25 and older in Farmingdale have a bachelor's degree or higher (New Jersey: 43.6%), and 7.8% have a graduate or professional degree.
Jobs and commute in Farmingdale
- Unemployment rate
- 11.2%State: 6.3%
- Average commute
- 25 minState: 31 min
- Work from home
- 11.1%
- Drive alone
- 77.4%
- Public transit
- 0.3%
- Walk to work
- 2.6%
- Homes with broadband
- 81.5%
Farmingdale vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farmingdale | 1,449 | $89,327 | $427,300 | $1,648 |
| Howell | 53,926 | $134,854 | $507,200 | $2,280 |
| Wall | 26,541 | $142,768 | $720,400 | $1,762 |
| Allenwood | 757 | $224,704 | $758,000 | — |
| Ramtown | 6,203 | $145,663 | $487,500 | — |
| Tinton Falls | 19,361 | $117,308 | $478,000 | $1,746 |
| Neptune | 28,265 | $101,017 | $455,900 | $1,876 |
| Shark River Hills | 2,974 | $139,524 | $523,400 | — |
| East Freehold | 5,096 | $189,219 | $645,900 | $2,069 |
More for people moving to Farmingdale
Farmingdale ZIP code ›Weather and climate ›Living in Farmingdale: FAQ
What is the median household income in Farmingdale, NJ?
The median household income in Farmingdale is $89,327, 14% 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 Farmingdale?
The median home value in Farmingdale is $427,300, compared with $454,400 in New Jersey.
How much is rent in Farmingdale?
The median gross rent in Farmingdale is $1,648 per month, about 36.3% of household income.
Is Farmingdale, NJ a good place to live?
Pluses: home values 6% lower than the state median; an average commute of 25 minutes; a poverty rate of 5.7%. Minuses: median household income 14% lower than the New Jersey median; unemployment of 11.2%.
What is the median age in Farmingdale?
The median age in Farmingdale is 36.7 years (New Jersey: 40.1).
How long is the commute in Farmingdale?
The average commute to work in Farmingdale is 25 minutes; 11.1% of workers work from home.
What is the unemployment rate in Farmingdale?
The unemployment rate in Farmingdale is 11.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farmingdale?
38.3% of adults in Farmingdale 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.
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