Living in Martinsville, New Jersey
Cost of living, income, home prices, rent and demographics of Martinsville · Census data 2020–2024
Martinsville has 11,559 residents with a median age of 45.1. The median household income is $205,000 (98% higher than the New Jersey median), the median home value is $720,400, the median rent is $2,171/month.
Martinsville at a glance
- Population
- 11,559
- Median age
- 45.1State: 40.1
- Median household income
- $205,000State: $103,556
- Median home value
- $720,400State: $454,400
- Median rent
- $2,171/moState: $1,720
- Homeowners
- 96%
- Bachelor's degree or higher
- 70.9%
- Average commute
- 34 min
Is Martinsville a good place to live?
Pros: Median household income 98% higher than the New Jersey median; unemployment of 2.8%; a poverty rate of 1.4%.
Cons: Home values 59% higher than the state median; an average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Martinsville
Housing is the biggest part of the cost of living. In Martinsville the median home value is $720,400, 117% higher than the U.S. median. Renters pay a median of $2,171 per month, which is 24.7% of household income. Homeowners with a mortgage pay $3,913 a month in housing costs.
Martinsville median household income
The median household income in Martinsville is $205,000 and the income per person is $91,066. 1.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Martinsville: homes for sale and rent
- Housing units
- 4,173
- Owner-occupied
- 96%
- Renter-occupied
- 4%
- Vacant
- 2.9%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.82
Martinsville demographics
- Population
- 11,559
- Median age
- 45.1
- Under 18
- 24%
- 65 and older
- 21.7%
- Households
- 4,054
- Foreign-born
- 18.7%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Martinsville ›
Education in Martinsville
70.9% of adults 25 and older in Martinsville have a bachelor's degree or higher (New Jersey: 43.6%), and 33.1% have a graduate or professional degree.
Jobs and commute in Martinsville
- Unemployment rate
- 2.8%State: 6.3%
- Average commute
- 34 minState: 31 min
- Work from home
- 26%
- Drive alone
- 64.8%
- Public transit
- 4.3%
- Walk to work
- 0.3%
- Homes with broadband
- 97.3%
Martinsville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Martinsville | 11,559 | $205,000 | $720,400 | $2,171 |
| Bridgewater | 46,268 | $172,851 | $605,500 | $2,176 |
| Green Knoll | 6,789 | $165,227 | $597,100 | $1,448 |
| Somerville | 13,410 | $103,760 | $435,700 | $1,802 |
| Finderne | 6,489 | $118,064 | $413,400 | $2,114 |
| Bound Brook | 12,219 | $90,571 | $397,100 | $1,973 |
| Warren | 16,186 | $204,063 | $930,800 | $2,170 |
| Bridgewater Center | 6,505 | $205,595 | $703,700 | $2,662 |
| Liberty Corner | 2,325 | $241,480 | $1,187,500 | $3,501 |
More for people moving to Martinsville
Martinsville ZIP code ›Weather and climate ›Living in Martinsville: FAQ
What is the median household income in Martinsville, NJ?
The median household income in Martinsville is $205,000, 98% 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 Martinsville?
The median home value in Martinsville is $720,400, compared with $454,400 in New Jersey.
How much is rent in Martinsville?
The median gross rent in Martinsville is $2,171 per month, about 24.7% of household income.
Is Martinsville, NJ a good place to live?
Pluses: median household income 98% higher than the New Jersey median; unemployment of 2.8%; a poverty rate of 1.4%. Minuses: home values 59% higher than the state median; an average commute of 34 minutes.
What is the median age in Martinsville?
The median age in Martinsville is 45.1 years (New Jersey: 40.1).
How long is the commute in Martinsville?
The average commute to work in Martinsville is 34 minutes; 26% of workers work from home.
What is the unemployment rate in Martinsville?
The unemployment rate in Martinsville is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Martinsville?
70.9% of adults in Martinsville 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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