Living in Montclair, New Jersey
Cost of living, income, home prices, rent and demographics of Montclair · Census data 2020–2024
Montclair has 40,341 residents with a median age of 39.9. The median household income is $151,075 (46% higher than the New Jersey median), the median home value is $906,400, the median rent is $2,063/month.
Montclair at a glance
- Population
- 40,341
- Median age
- 39.9State: 40.1
- Median household income
- $151,075State: $103,556
- Median home value
- $906,400State: $454,400
- Median rent
- $2,063/moState: $1,720
- Homeowners
- 56.9%
- Bachelor's degree or higher
- 73.6%
- Average commute
- 36 min
Is Montclair a good place to live?
Pros: Median household income 46% higher than the New Jersey median; unemployment of 4.5%; a poverty rate of 7.5%.
Cons: Home values 99% higher than the state median; an average commute of 36 minutes.
The weather is best in May–June and August–September.
Cost of living in Montclair
Housing is the biggest part of the cost of living. In Montclair the median home value is $906,400, 172% higher than the U.S. median. Renters pay a median of $2,063 per month, which is 29.6% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Montclair median household income
The median household income in Montclair is $151,075 and the income per person is $91,351. 7.5% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Montclair: homes for sale and rent
- Housing units
- 16,521
- Owner-occupied
- 56.9%
- Renter-occupied
- 43.1%
- Vacant
- 4.8%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.54
Montclair demographics
- Population
- 40,341
- Median age
- 39.9
- Under 18
- 25%
- 65 and older
- 15%
- Households
- 15,726
- Foreign-born
- 13.4%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Montclair ›
Education in Montclair
73.6% of adults 25 and older in Montclair have a bachelor's degree or higher (New Jersey: 43.6%), and 39.9% have a graduate or professional degree.
Jobs and commute in Montclair
- Unemployment rate
- 4.5%State: 6.3%
- Average commute
- 36 minState: 31 min
- Work from home
- 35.5%
- Drive alone
- 41.6%
- Public transit
- 14.6%
- Walk to work
- 3.4%
- Homes with broadband
- 95.1%
Montclair vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montclair | 40,341 | $151,075 | $906,400 | $2,063 |
| Upper Montclair | 12,457 | $250,001 | $989,000 | $2,237 |
| Glen Ridge | 7,943 | $250,001 | $836,600 | $2,728 |
| Bloomfield | 53,793 | $103,604 | $470,800 | $1,824 |
| Brookdale | 9,960 | $161,779 | $573,500 | $1,791 |
| Verona | 14,545 | $161,843 | $608,400 | $2,130 |
| Cedar Grove | 13,475 | $151,263 | $634,000 | $1,896 |
| Watsessing | 8,232 | $103,378 | $435,400 | $2,026 |
| Nutley | 30,012 | $119,734 | $516,300 | $1,767 |
More for people moving to Montclair
Montclair ZIP code ›Weather and climate ›Living in Montclair: FAQ
What is the median household income in Montclair, NJ?
The median household income in Montclair is $151,075, 46% 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 Montclair?
The median home value in Montclair is $906,400, compared with $454,400 in New Jersey.
How much is rent in Montclair?
The median gross rent in Montclair is $2,063 per month, about 29.6% of household income.
Is Montclair, NJ a good place to live?
Pluses: median household income 46% higher than the New Jersey median; unemployment of 4.5%; a poverty rate of 7.5%. Minuses: home values 99% higher than the state median; an average commute of 36 minutes.
What is the median age in Montclair?
The median age in Montclair is 39.9 years (New Jersey: 40.1).
How long is the commute in Montclair?
The average commute to work in Montclair is 36 minutes; 35.5% of workers work from home.
What is the unemployment rate in Montclair?
The unemployment rate in Montclair is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montclair?
73.6% of adults in Montclair 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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