Mount Royal, NJ Profile: Facts & Data

The primary coordinate point for Mount Royal is located at latitude 39.8101 and longitude -75.2113 in Gloucester County. Gloucester County is in the Eastern time zone (GMT -5).

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

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

POPULATION
Total Population	795 (100%)
Population in Households	795 (100.0%)
Population in Families	681 (85.7%)
Population in Group Quarters¹	0
Population Density	1,443
Diversity Index²	46


INCOME
Median Household Income	$114,039
Average Household Income	$142,013
% of Income for Mortgage⁴	20%
Per Capita Income	$54,662
Wealth Index⁵	147
Socioeconomic Status Index⁶	Moderate (63.7)

HOUSING
Total HU (Housing Units)	320 (100%)
Owner Occupied HU	269 (84.1%)
Renter Occupied HU	37 (11.6%)
Vacant Housing Units	14 ( 4.4%)
Median Home Value	$364,091
Average Home Value	$386,989
Housing Affordability Index³	97

HOUSEHOLDS
Total Households	306
Average Household Size	2.60
Family Households	218
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.

Mount Royal, NJ - Peer Comparisons by Rank and Percentile

The table below compares Mount Royal 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.54%	0.45%
Households	0.87%	0.77%
Families		1.34%
Median Household Income		1.96%
Per Capita Income		3.55%
Owner Occupied HU		1.37%

Variable Description	Rank	Percentile
Total Population	# 578	18th
Population Density	# 435	38th
Median Household Income	# 283	60th
Housing Affordability Index	# 552	79th
Per Capita Income	# 345	51st
Diversity Index	# 439	38th

Mount Royal, NJ Profile: Facts & Data

Mount Royal, New Jersey - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Mount Royal, NJ - Peer Comparisons by Rank and Percentile

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