Montvale, NJ Profile: Facts & Data

Montvale, New Jersey - Basic Facts

The Borough of Montvale had a population of 9,419 as of July 1, 2024.

The primary coordinate point for Montvale is located at latitude 41.0468 and longitude -74.0229 in Bergen County. The formal boundaries for the Borough of Montvale encompass a land area of 3.98 sq. miles and a water area of 0.01 sq. miles. Bergen County is in the Eastern time zone (GMT -5).

The Borough of Montvale 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.

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Montvale, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	9,419 (100%)
Population in Households	9,403 (99.8%)
Population in Families	8,356 (88.7%)
Population in Group Quarters¹	16 ( 0.2%)
Population Density	2,341
Diversity Index²	55


INCOME
Median Household Income	$177,490
Average Household Income	$225,630
% of Income for Mortgage⁴	26%
Per Capita Income	$82,533
Wealth Index⁵	238
Socioeconomic Status Index⁶	High (66.1)

HOUSING
Total HU (Housing Units)	3,558 (100%)
Owner Occupied HU	2,643 (74.3%)
Renter Occupied HU	802 (22.5%)
Vacant Housing Units	113 ( 3.2%)
Median Home Value	$747,881
Average Home Value	$802,881
Housing Affordability Index³	79

HOUSEHOLDS
Total Households	3,445
Average Household Size	2.73
Family Households	2,668
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

3,558 (100%)

Owner Occupied HU

2,643 (74.3%)

Renter Occupied HU

802 (22.5%)

Vacant Housing Units

113 ( 3.2%)

Median Home Value

$747,881

Average Home Value

$802,881

Housing Affordability Index³

HOUSEHOLDS

Total Households

3,445

Average Household Size

2.73

Family Households

2,668

Average Family Size

3.00

NOTES

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.
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.
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.
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).
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.
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	2020-2025	2025-2030
Population	2.12%	2.30%
Households	2.57%	2.73%
Families		2.70%
Median Household Income		3.85%
Per Capita Income		3.18%
Owner Occupied HU		0.61%

GROWTH RATE / YEAR

2020-2025

2025-2030

Population

2.12%

2.30%

Households

2.57%

2.73%

Families

2.70%

Median Household Income

3.85%

Per Capita Income

3.18%

Owner Occupied HU

0.61%

Montvale, NJ - Peer Comparisons by Rank and Percentile

The table below compares Montvale to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 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	# 175	75th
Population Density	# 327	54th
Median Household Income	# 85	88th
Housing Affordability Index	# 373	53rd
Per Capita Income	# 109	85th
Diversity Index	# 343	51st

Variable Description

Rank

Percentile

Total Population

# 175

75th

Population Density

# 327

54th

Median Household Income

# 85

88th

Housing Affordability Index

# 373

53rd

Per Capita Income

# 109

85th

Diversity Index

# 343

51st

New Jersey Census Data Comparison Tool

Montvale, NJ Profile: Facts & Data

Montvale, New Jersey - Basic Facts

Montvale, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montvale, NJ - Peer Comparisons by Rank and Percentile

Montvale, NJ - Most Popular Things to Do

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