Living in Montville, New Jersey
Cost of living, income, home prices, rent and demographics of Montville · Census data 2020–2024
Montville has 22,876 residents with a median age of 45. The median household income is $169,083 (63% higher than the New Jersey median), the median home value is $700,200, the median rent is $2,372/month.
Montville at a glance
- Population
- 22,876
- Median age
- 45State: 40.1
- Median household income
- $169,083State: $103,556
- Median home value
- $700,200State: $454,400
- Median rent
- $2,372/moState: $1,720
- Homeowners
- 87.7%
- Bachelor's degree or higher
- 68.8%
- Average commute
- 33 min
Is Montville a good place to live?
Pros: Median household income 63% higher than the New Jersey median; unemployment of 4.1%; a poverty rate of 3.6%.
Cons: Home values 54% higher than the state median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Montville
Housing is the biggest part of the cost of living. In Montville the median home value is $700,200, 110% higher than the U.S. median. Renters pay a median of $2,372 per month, which is 24.4% of household income. Homeowners with a mortgage pay $3,901 a month in housing costs.
Montville median household income
The median household income in Montville is $169,083 and the income per person is $81,342. 3.6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Montville: homes for sale and rent
- Housing units
- 8,602
- Owner-occupied
- 87.7%
- Renter-occupied
- 12.3%
- Vacant
- 2.1%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.70
Montville demographics
- Population
- 22,876
- Median age
- 45
- Under 18
- 20.6%
- 65 and older
- 21.7%
- Households
- 8,424
- Foreign-born
- 25.2%
- Veterans
- 4%Adults 18+
Hispanic or Latino can be of any race. Population history of Montville ›
Education in Montville
68.8% of adults 25 and older in Montville have a bachelor's degree or higher (New Jersey: 43.6%), and 31.9% have a graduate or professional degree.
Jobs and commute in Montville
- Unemployment rate
- 4.1%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 25.6%
- Drive alone
- 64.2%
- Public transit
- 5.4%
- Walk to work
- 0.7%
- Homes with broadband
- 98.5%
Montville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montville | 22,876 | $169,083 | $700,200 | $2,372 |
| Towaco | 5,612 | $205,636 | $701,300 | $1,950 |
| Boonton | 8,854 | $114,302 | $495,400 | $1,849 |
| Lake Hiawatha | 11,018 | $104,663 | $428,600 | $1,550 |
| Lincoln Park | 10,957 | $123,397 | $443,300 | $1,857 |
| Pine Brook | 5,961 | $126,488 | $767,200 | $2,366 |
| Fairfield | 7,824 | $115,980 | $688,500 | $2,656 |
| Parsippany | 21,345 | $99,405 | $555,400 | $1,742 |
| Pequannock | 15,641 | $120,666 | $553,200 | $2,753 |
More for people moving to Montville
Montville ZIP code ›Weather and climate ›Living in Montville: FAQ
What is the median household income in Montville, NJ?
The median household income in Montville is $169,083, 63% 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 Montville?
The median home value in Montville is $700,200, compared with $454,400 in New Jersey.
How much is rent in Montville?
The median gross rent in Montville is $2,372 per month, about 24.4% of household income.
Is Montville, NJ a good place to live?
Pluses: median household income 63% higher than the New Jersey median; unemployment of 4.1%; a poverty rate of 3.6%. Minuses: home values 54% higher than the state median; an average commute of 33 minutes.
What is the median age in Montville?
The median age in Montville is 45 years (New Jersey: 40.1).
How long is the commute in Montville?
The average commute to work in Montville is 33 minutes; 25.6% of workers work from home.
What is the unemployment rate in Montville?
The unemployment rate in Montville is 4.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montville?
68.8% of adults in Montville 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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