Living in Hoboken, New Jersey
Cost of living, income, home prices, rent and demographics of Hoboken · Census data 2020–2024
Hoboken has 58,668 residents with a median age of 31.9. The median household income is $180,579 (74% higher than the New Jersey median), the median home value is $895,100, the median rent is $2,938/month.
Hoboken at a glance
- Population
- 58,668
- Median age
- 31.9State: 40.1
- Median household income
- $180,579State: $103,556
- Median home value
- $895,100State: $454,400
- Median rent
- $2,938/moState: $1,720
- Homeowners
- 33.8%
- Bachelor's degree or higher
- 82.6%
- Average commute
- 37 min
Is Hoboken a good place to live?
Pros: Median household income 74% higher than the New Jersey median; unemployment of 3.8%; a poverty rate of 7.8%.
Cons: Home values 97% higher than the state median; an average commute of 37 minutes.
The weather is best in May–June and August–September.
Cost of living in Hoboken
Housing is the biggest part of the cost of living. In Hoboken the median home value is $895,100, 169% higher than the U.S. median. Renters pay a median of $2,938 per month, which is 23.8% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Hoboken median household income
The median household income in Hoboken is $180,579 and the income per person is $109,360. 7.8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Hoboken: homes for sale and rent
- Housing units
- 30,259
- Owner-occupied
- 33.8%
- Renter-occupied
- 66.2%
- Vacant
- 7.2%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.02
Hoboken demographics
- Population
- 58,668
- Median age
- 31.9
- Under 18
- 14.8%
- 65 and older
- 6.8%
- Households
- 28,088
- Foreign-born
- 17.7%
- Veterans
- 1.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Hoboken ›
Education in Hoboken
82.6% of adults 25 and older in Hoboken have a bachelor's degree or higher (New Jersey: 43.6%), and 32% have a graduate or professional degree.
Jobs and commute in Hoboken
- Unemployment rate
- 3.8%State: 6.3%
- Average commute
- 37 minState: 31 min
- Work from home
- 36.7%
- Drive alone
- 16.3%
- Public transit
- 36.6%
- Walk to work
- 7.5%
- Homes with broadband
- 96%
Hoboken vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hoboken | 58,668 | $180,579 | $895,100 | $2,938 |
| Union City | 66,463 | $64,310 | $471,600 | $1,537 |
| Weehawken | 17,295 | $127,763 | $889,000 | $2,500 |
| West New York | 52,004 | $71,729 | $465,600 | $1,716 |
| Jersey City | 294,078 | $97,710 | $566,900 | $2,007 |
| Secaucus | 21,778 | $139,821 | $571,900 | $2,391 |
| North Bergen | 61,250 | $78,911 | $473,500 | $1,781 |
| Guttenberg | 11,754 | $75,683 | $379,000 | $1,677 |
| Kearny | 40,614 | $79,154 | $459,400 | $1,720 |
More for people moving to Hoboken
Hoboken ZIP code ›Weather and climate ›Living in Hoboken: FAQ
What is the median household income in Hoboken, NJ?
The median household income in Hoboken is $180,579, 74% higher 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 Hoboken?
The median home value in Hoboken is $895,100, compared with $454,400 in New Jersey.
How much is rent in Hoboken?
The median gross rent in Hoboken is $2,938 per month, about 23.8% of household income.
Is Hoboken, NJ a good place to live?
Pluses: median household income 74% higher than the New Jersey median; unemployment of 3.8%; a poverty rate of 7.8%. Minuses: home values 97% higher than the state median; an average commute of 37 minutes.
What is the median age in Hoboken?
The median age in Hoboken is 31.9 years (New Jersey: 40.1).
How long is the commute in Hoboken?
The average commute to work in Hoboken is 37 minutes; 36.7% of workers work from home.
What is the unemployment rate in Hoboken?
The unemployment rate in Hoboken is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hoboken?
82.6% of adults in Hoboken 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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