Bay Head, NJ Profile: Facts & Data

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Bay Head, New Jersey - Basic Facts

The Borough of Bay Head had a population of 998 as of July 1, 2023. Bay Head ranks in the lower quartile for 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 Bay Head is located at latitude 40.0718 and longitude -74.0543 in Ocean County. The formal boundaries for the Borough of Bay Head encompass a land area of 0.58 sq. miles and a water area of 0.12 sq. miles. Ocean County is in the Eastern time zone (GMT -5).

The Borough of Bay Head 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.


Jump to... (On This Page!)
  1. Bay Head 2023 Demographic Data
  2. Growth Rates for Bay Head (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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Bay Head, NJ Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 998 (100%)
Population in Households 996 (99.8%)
Population in Families 765 (76.7%)
Population in Group Quarters1 2 ( 0.2%)
Population Density 1,705
Diversity Index2 18
 
 

INCOME

Median Household Income $125,441
Average Household Income $198,318
% of Income for Mortgage4 59%
Per Capita Income $93,201
Wealth Index5 294
Socioeconomic Status Index6 High (70.0)
 

HOUSING

Total HU (Housing Units) 1,102 (100%)
Owner Occupied HU 394 (35.8%)
Renter Occupied HU 75 ( 6.8%)
Vacant Housing Units 633 (57.4%)
Median Home Value $1,225,714
Average Home Value $1,301,079
Housing Affordability Index3 42
 

HOUSEHOLDS

Total Households 469
Average Household Size 2.12
Family Households 262
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 2.20% 1.35%
Households 2.42% 1.57%
Families   1.48%
Median Household Income   1.99%
Per Capita Income   2.50%
Owner Occupied HU   1.81%

Bay Head, NJ - Peer Comparisons by Rank and Percentile

The table below compares Bay Head 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 # 550 22nd
Population Density # 408 42nd
Median Household Income # 173 75th
Housing Affordability Index # 48 7th
Per Capita Income # 39 95th
Diversity Index # 678 3rd

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

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