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Ramsey, NJ Profile: Facts & Data

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Ramsey, New Jersey - Basic Facts

The Borough of Ramsey had a population of 14,445 as of July 1, 2024.

The primary coordinate point for Ramsey is located at latitude 41.0573 and longitude -74.141 in Bergen County. The formal boundaries for the Borough of Ramsey encompass a land area of 5.52 sq. miles and a water area of 0.07 sq. miles. Bergen County is in the Eastern time zone (GMT -5).

The Borough of Ramsey 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. Ramsey 2024 Demographic Data
  2. Growth Rates for Ramsey (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 - 2024 Demographics
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Ramsey, NJ Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 14,445 (100%)
Population in Households 14,400 (99.7%)
Population in Families 12,664 (87.7%)
Population in Group Quarters1 45 ( 0.3%)
Population Density 2,625
Diversity Index2 48
 
 

INCOME

Median Household Income $168,911
Average Household Income $230,507
% of Income for Mortgage4 26%
Per Capita Income $86,512
Wealth Index5 239
Socioeconomic Status Index6 High (66.6)
 

HOUSING

Total HU (Housing Units) 5,602 (100%)
Owner Occupied HU 4,615 (82.4%)
Renter Occupied HU 806 (14.4%)
Vacant Housing Units 181 ( 3.2%)
Median Home Value $694,623
Average Home Value $744,897
Housing Affordability Index3 83
 

HOUSEHOLDS

Total Households 5,421
Average Household Size 2.66
Family Households 3,950
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

 2020-2024 2024-2029
Population -0.57% -0.64%
Households -0.29% -0.32%
Families   -0.34%
Median Household Income   2.00%
Per Capita Income   2.58%
Owner Occupied HU   0.09%

Ramsey, NJ - Peer Comparisons by Rank and Percentile

The table below compares Ramsey 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 # 87 88th
Population Density # 300 57th
Median Household Income # 87 88th
Housing Affordability Index # 377 54th
Per Capita Income # 87 88th
Diversity Index # 415 41st

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

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