Merchantville, NJ Profile: Facts & Data

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Merchantville, New Jersey - Basic Facts

The Borough of Merchantville had a population of 3,844 as of July 1, 2023. Merchantville ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Merchantville is located at latitude 39.9473 and longitude -75.0666 in Camden County. The formal boundaries for the Borough of Merchantville encompass a land area of 0.6 sq. miles and a water area of 0 sq. miles. Camden County is in the Eastern time zone (GMT -5).

The Borough of Merchantville has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Borough of Merchantville is located within Township of Pennsauken, a minor civil division (MCD) of Camden County.


Jump to... (On This Page!)
  1. Merchantville 2023 Demographic Data
  2. Growth Rates for Merchantville (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2023 Demographics
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Merchantville, NJ Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 3,844 (100%)
Population in Households 3,827 (99.6%)
Population in Families 2,996 (77.9%)
Population in Group Quarters1 17 ( 0.4%)
Population Density 6,478
Diversity Index2 71
 
 

INCOME

Median Household Income $87,722
Average Household Income $115,762
% of Income for Mortgage4 21%
Per Capita Income $47,590
Wealth Index5 92
Socioeconomic Status Index6 Moderate (51.0)
 

HOUSING

Total HU (Housing Units) 1,705 (100%)
Owner Occupied HU 1,023 (60.0%)
Renter Occupied HU 557 (32.7%)
Vacant Housing Units 125 ( 7.3%)
Median Home Value $300,466
Average Home Value $315,738
Housing Affordability Index3 85
 

HOUSEHOLDS

Total Households 1,580
Average Household Size 2.42
Family Households 945
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.19% -0.01%
Households 0.35% 0.28%
Families   0.25%
Median Household Income   2.57%
Per Capita Income   2.80%
Owner Occupied HU   0.98%

Merchantville, NJ - Peer Comparisons by Rank and Percentile

The table below compares Merchantville to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 343 51st
Population Density # 81 89th
Median Household Income # 446 36th
Housing Affordability Index # 368 53rd
Per Capita Income # 416 41st
Diversity Index # 156 78th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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