Living in Monmouth Junction, New Jersey
Cost of living, income, home prices, rent and demographics of Monmouth Junction · Census data 2020–2024
Monmouth Junction has 9,141 residents with a median age of 39.9. The median household income is $133,585 (29% higher than the New Jersey median), the median home value is $552,900, the median rent is $1,935/month.
Monmouth Junction at a glance
- Population
- 9,141
- Median age
- 39.9State: 40.1
- Median household income
- $133,585State: $103,556
- Median home value
- $552,900State: $454,400
- Median rent
- $1,935/moState: $1,720
- Homeowners
- 64.1%
- Bachelor's degree or higher
- 75.8%
- Average commute
- 35 min
Is Monmouth Junction a good place to live?
Pros: Median household income 29% higher than the New Jersey median; unemployment of 4.3%; a poverty rate of 6.2%.
Cons: Home values 22% higher than the state median; an average commute of 35 minutes.
The weather is best in May–June and August–September.
Cost of living in Monmouth Junction
Housing is the biggest part of the cost of living. In Monmouth Junction the median home value is $552,900, 66% higher than the U.S. median. Renters pay a median of $1,935 per month, which is 22.3% of household income. Homeowners with a mortgage pay $3,297 a month in housing costs.
Monmouth Junction median household income
The median household income in Monmouth Junction is $133,585 and the income per person is $69,027. 6.2% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Monmouth Junction: homes for sale and rent
- Housing units
- 3,536
- Owner-occupied
- 64.1%
- Renter-occupied
- 35.9%
- Vacant
- 1.6%Includes seasonal homes
- Median year built
- 1992
- Average household size
- 2.63
Monmouth Junction demographics
- Population
- 9,141
- Median age
- 39.9
- Under 18
- 21.5%
- 65 and older
- 12.9%
- Households
- 3,478
- Foreign-born
- 48.3%
- Veterans
- 0.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Monmouth Junction ›
Education in Monmouth Junction
75.8% of adults 25 and older in Monmouth Junction have a bachelor's degree or higher (New Jersey: 43.6%), and 39.4% have a graduate or professional degree.
Jobs and commute in Monmouth Junction
- Unemployment rate
- 4.3%State: 6.3%
- Average commute
- 35 minState: 31 min
- Work from home
- 27%
- Drive alone
- 65.5%
- Public transit
- 2.9%
- Walk to work
- 0.4%
- Homes with broadband
- 97.5%
Monmouth Junction vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Monmouth Junction | 9,141 | $133,585 | $552,900 | $1,935 |
| Heathcote | 7,717 | $141,295 | $567,500 | $1,623 |
| South Brunswick | 47,137 | $150,933 | $582,700 | $1,935 |
| Kendall Park | 10,011 | $165,958 | $590,300 | $1,928 |
| Dayton | 7,952 | $151,902 | $496,600 | $2,199 |
| Princeton Meadows | 15,561 | $131,213 | $665,700 | $2,010 |
| Plainsboro | 24,167 | $131,638 | $683,100 | $2,037 |
| Deans | 1,154 | $248,875 | $790,200 | — |
| Kingston | 1,670 | $110,813 | $475,900 | $1,765 |
More for people moving to Monmouth Junction
Monmouth Junction ZIP code ›Weather and climate ›Living in Monmouth Junction: FAQ
What is the median household income in Monmouth Junction, NJ?
The median household income in Monmouth Junction is $133,585, 29% 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 Monmouth Junction?
The median home value in Monmouth Junction is $552,900, compared with $454,400 in New Jersey.
How much is rent in Monmouth Junction?
The median gross rent in Monmouth Junction is $1,935 per month, about 22.3% of household income.
Is Monmouth Junction, NJ a good place to live?
Pluses: median household income 29% higher than the New Jersey median; unemployment of 4.3%; a poverty rate of 6.2%. Minuses: home values 22% higher than the state median; an average commute of 35 minutes.
What is the median age in Monmouth Junction?
The median age in Monmouth Junction is 39.9 years (New Jersey: 40.1).
How long is the commute in Monmouth Junction?
The average commute to work in Monmouth Junction is 35 minutes; 27% of workers work from home.
What is the unemployment rate in Monmouth Junction?
The unemployment rate in Monmouth Junction is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Monmouth Junction?
75.8% of adults in Monmouth Junction 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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