Living in Shrewsbury, New Jersey
Cost of living, income, home prices, rent and demographics of Shrewsbury · Census data 2020–2024
Shrewsbury has 4,179 residents with a median age of 43.4. The median household income is $178,958 (73% higher than the New Jersey median), the median home value is $811,400, the median rent is $3,472/month.
Shrewsbury at a glance
- Population
- 4,179
- Median age
- 43.4State: 40.1
- Median household income
- $178,958State: $103,556
- Median home value
- $811,400State: $454,400
- Median rent
- $3,472/moState: $1,720
- Homeowners
- 85.8%
- Bachelor's degree or higher
- 65.9%
- Average commute
- 35 min
Is Shrewsbury a good place to live?
Pros: Median household income 73% higher than the New Jersey median; unemployment of 4.6%; a poverty rate of 3.6%.
Cons: Home values 79% higher than the state median; an average commute of 35 minutes.
The weather is best in June to September.
Cost of living in Shrewsbury
Housing is the biggest part of the cost of living. In Shrewsbury the median home value is $811,400, 144% higher than the U.S. median. Renters pay a median of $3,472 per month, which is 51% of household income. Homeowners with a mortgage pay $3,782 a month in housing costs.
Shrewsbury median household income
The median household income in Shrewsbury is $178,958 and the income per person is $81,362. 3.6% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Shrewsbury: homes for sale and rent
- Housing units
- 1,546
- Owner-occupied
- 85.8%
- Renter-occupied
- 14.2%
- Vacant
- 2.2%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.65
Shrewsbury demographics
- Population
- 4,179
- Median age
- 43.4
- Under 18
- 24.1%
- 65 and older
- 24.5%
- Households
- 1,512
- Foreign-born
- 6.7%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Shrewsbury ›
Education in Shrewsbury
65.9% of adults 25 and older in Shrewsbury have a bachelor's degree or higher (New Jersey: 43.6%), and 24.2% have a graduate or professional degree.
Jobs and commute in Shrewsbury
- Unemployment rate
- 4.6%State: 6.3%
- Average commute
- 35 minState: 31 min
- Work from home
- 26.4%
- Drive alone
- 58.2%
- Public transit
- 12.8%
- Walk to work
- 1.1%
- Homes with broadband
- 87%
Shrewsbury vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Shrewsbury | 4,179 | $178,958 | $811,400 | $3,472 |
| Little Silver | 6,105 | $240,853 | $955,900 | $3,501 |
| Red Bank | 12,862 | $97,477 | $504,900 | $2,026 |
| Oceanport | 6,195 | $126,094 | $757,700 | $1,608 |
| Eatontown | 13,575 | $90,463 | $492,400 | $1,601 |
| Fair Haven | 6,170 | $250,001 | $992,200 | $3,492 |
| Fairview | 3,892 | $165,135 | $622,600 | $3,250 |
| West Long Branch | 8,586 | $114,271 | $684,300 | $1,970 |
| Rumson | 7,241 | $250,001 | $1,679,300 | $3,501 |
More for people moving to Shrewsbury
Shrewsbury ZIP code ›Weather and climate ›Living in Shrewsbury: FAQ
What is the median household income in Shrewsbury, NJ?
The median household income in Shrewsbury is $178,958, 73% 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 Shrewsbury?
The median home value in Shrewsbury is $811,400, compared with $454,400 in New Jersey.
How much is rent in Shrewsbury?
The median gross rent in Shrewsbury is $3,472 per month, about 51% of household income.
Is Shrewsbury, NJ a good place to live?
Pluses: median household income 73% higher than the New Jersey median; unemployment of 4.6%; a poverty rate of 3.6%. Minuses: home values 79% higher than the state median; an average commute of 35 minutes.
What is the median age in Shrewsbury?
The median age in Shrewsbury is 43.4 years (New Jersey: 40.1).
How long is the commute in Shrewsbury?
The average commute to work in Shrewsbury is 35 minutes; 26.4% of workers work from home.
What is the unemployment rate in Shrewsbury?
The unemployment rate in Shrewsbury is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Shrewsbury?
65.9% of adults in Shrewsbury 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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