Living in Matawan, New Jersey
Cost of living, income, home prices, rent and demographics of Matawan · Census data 2020–2024
Matawan has 9,710 residents with a median age of 34.7. The median household income is $123,354 (19% higher than the New Jersey median), the median home value is $467,800, the median rent is $1,824/month.
Matawan at a glance
- Population
- 9,710
- Median age
- 34.7State: 40.1
- Median household income
- $123,354State: $103,556
- Median home value
- $467,800State: $454,400
- Median rent
- $1,824/moState: $1,720
- Homeowners
- 51.9%
- Bachelor's degree or higher
- 43.4%
- Average commute
- 33 min
Is Matawan a good place to live?
Pros: Median household income 19% higher than the New Jersey median; unemployment of 5.1%.
Cons: Home values about the same as the state median; an average commute of 33 minutes; a poverty rate of 10.5%.
The weather is best in May–June and August–September.
Cost of living in Matawan
Housing is the biggest part of the cost of living. In Matawan the median home value is $467,800, 41% higher than the U.S. median. Renters pay a median of $1,824 per month, which is 25% of household income. Homeowners with a mortgage pay $2,952 a month in housing costs.
Matawan median household income
The median household income in Matawan is $123,354 and the income per person is $53,594. 10.5% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Matawan: homes for sale and rent
- Housing units
- 4,010
- Owner-occupied
- 51.9%
- Renter-occupied
- 48.1%
- Vacant
- 2.9%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.47
Matawan demographics
- Population
- 9,710
- Median age
- 34.7
- Under 18
- 21.5%
- 65 and older
- 14.2%
- Households
- 3,895
- Foreign-born
- 8.7%
- Veterans
- 9.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Matawan ›
Education in Matawan
43.4% of adults 25 and older in Matawan have a bachelor's degree or higher (New Jersey: 43.6%), and 13.2% have a graduate or professional degree.
Jobs and commute in Matawan
- Unemployment rate
- 5.1%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 21.1%
- Drive alone
- 66.6%
- Public transit
- 5.9%
- Walk to work
- 0%
- Homes with broadband
- 97.7%
Matawan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Matawan | 9,710 | $123,354 | $467,800 | $1,824 |
| Strathmore | 6,708 | $151,855 | $539,500 | $1,592 |
| Aberdeen | 19,332 | $121,795 | $448,200 | $1,943 |
| Keyport | 7,171 | $82,321 | $417,100 | $1,458 |
| Morganville | 5,902 | $161,500 | $681,800 | $2,692 |
| Cliffwood Beach | 3,056 | $116,500 | $365,600 | — |
| Laurence Harbor | 6,191 | $84,291 | $306,700 | $1,903 |
| Brownville | 2,377 | $89,769 | $403,000 | $2,375 |
| Hazlet | 20,470 | $122,020 | $465,900 | $1,400 |
More for people moving to Matawan
Matawan ZIP code ›Weather and climate ›Living in Matawan: FAQ
What is the median household income in Matawan, NJ?
The median household income in Matawan is $123,354, 19% 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 Matawan?
The median home value in Matawan is $467,800, compared with $454,400 in New Jersey.
How much is rent in Matawan?
The median gross rent in Matawan is $1,824 per month, about 25% of household income.
Is Matawan, NJ a good place to live?
Pluses: median household income 19% higher than the New Jersey median; unemployment of 5.1%. Minuses: home values about the same as the state median; an average commute of 33 minutes; a poverty rate of 10.5%.
What is the median age in Matawan?
The median age in Matawan is 34.7 years (New Jersey: 40.1).
How long is the commute in Matawan?
The average commute to work in Matawan is 33 minutes; 21.1% of workers work from home.
What is the unemployment rate in Matawan?
The unemployment rate in Matawan is 5.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Matawan?
43.4% of adults in Matawan 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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