Living in Morganville, New Jersey
Cost of living, income, home prices, rent and demographics of Morganville · Census data 2020–2024
Morganville has 5,902 residents with a median age of 46.3. The median household income is $161,500 (56% higher than the New Jersey median), the median home value is $681,800, the median rent is $2,692/month.
Morganville at a glance
- Population
- 5,902
- Median age
- 46.3State: 40.1
- Median household income
- $161,500State: $103,556
- Median home value
- $681,800State: $454,400
- Median rent
- $2,692/moState: $1,720
- Homeowners
- 88.1%
- Bachelor's degree or higher
- 59.8%
- Average commute
- 35 min
Is Morganville a good place to live?
Pros: Median household income 56% higher than the New Jersey median; unemployment of 1.1%; a poverty rate of 3.5%.
Cons: Home values 50% 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 Morganville
Housing is the biggest part of the cost of living. In Morganville the median home value is $681,800, 105% higher than the U.S. median. Renters pay a median of $2,692 per month, which is 27.8% of household income. Homeowners with a mortgage pay $3,993 a month in housing costs.
Morganville median household income
The median household income in Morganville is $161,500 and the income per person is $81,421. 3.5% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Morganville: homes for sale and rent
- Housing units
- 2,320
- Owner-occupied
- 88.1%
- Renter-occupied
- 11.9%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.54
Morganville demographics
- Population
- 5,902
- Median age
- 46.3
- Under 18
- 19%
- 65 and older
- 19%
- Households
- 2,320
- Foreign-born
- 30.5%
- Veterans
- 3.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Morganville ›
Education in Morganville
59.8% of adults 25 and older in Morganville have a bachelor's degree or higher (New Jersey: 43.6%), and 30.9% have a graduate or professional degree.
Jobs and commute in Morganville
- Unemployment rate
- 1.1%State: 6.3%
- Average commute
- 35 minState: 31 min
- Work from home
- 21.1%
- Drive alone
- 56.5%
- Public transit
- 7.9%
- Walk to work
- 1.4%
- Homes with broadband
- 94.6%
Morganville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Morganville | 5,902 | $161,500 | $681,800 | $2,692 |
| Strathmore | 6,708 | $151,855 | $539,500 | $1,592 |
| Matawan | 9,710 | $123,354 | $467,800 | $1,824 |
| Marlboro | 41,648 | $186,292 | $701,200 | $2,699 |
| Holmdel | 17,436 | $165,013 | $843,000 | $2,891 |
| Brownville | 2,377 | $89,769 | $403,000 | $2,375 |
| Aberdeen | 19,332 | $121,795 | $448,200 | $1,943 |
| Keyport | 7,171 | $82,321 | $417,100 | $1,458 |
| Robertsville | 12,035 | $210,661 | $685,100 | $2,715 |
More for people moving to Morganville
Morganville ZIP code ›Weather and climate ›Living in Morganville: FAQ
What is the median household income in Morganville, NJ?
The median household income in Morganville is $161,500, 56% 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 Morganville?
The median home value in Morganville is $681,800, compared with $454,400 in New Jersey.
How much is rent in Morganville?
The median gross rent in Morganville is $2,692 per month, about 27.8% of household income.
Is Morganville, NJ a good place to live?
Pluses: median household income 56% higher than the New Jersey median; unemployment of 1.1%; a poverty rate of 3.5%. Minuses: home values 50% higher than the state median; an average commute of 35 minutes.
What is the median age in Morganville?
The median age in Morganville is 46.3 years (New Jersey: 40.1).
How long is the commute in Morganville?
The average commute to work in Morganville is 35 minutes; 21.1% of workers work from home.
What is the unemployment rate in Morganville?
The unemployment rate in Morganville is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Morganville?
59.8% of adults in Morganville 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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