Encore at Monroe, NJ Profile: Facts & Data

The primary coordinate point for Encore at Monroe is located at latitude 40.3216 and longitude -74.4646 in Middlesex County. Middlesex 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.

Encore at Monroe, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	579 (100%)
Population in Households	579 (100.0%)
Population in Families	468 (80.8%)
Population in Group Quarters¹	0
Population Density	3,014
Diversity Index²	39


INCOME
Median Household Income	$67,200
Average Household Income	$148,427
% of Income for Mortgage⁴	48%
Per Capita Income	$89,466
Wealth Index⁵	268
Socioeconomic Status Index⁶	High (74.2)

HOUSING
Total HU (Housing Units)	390 (100%)
Owner Occupied HU	344 (88.2%)
Renter Occupied HU	5 ( 1.3%)
Vacant Housing Units	41 (10.5%)
Median Home Value	$509,943
Average Home Value	$529,433
Housing Affordability Index³	44

HOUSEHOLDS
Total Households	349
Average Household Size	1.66
Family Households	238
Average Family Size	2.00

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.

Encore at Monroe, NJ - Peer Comparisons by Rank and Percentile

The table below compares Encore at Monroe 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	-1.78%	-1.28%
Households	-0.27%	-0.23%
Families		-0.77%
Median Household Income		1.78%
Per Capita Income		3.72%
Owner Occupied HU		-0.23%

Variable Description	Rank	Percentile
Total Population	# 607	13th
Population Density	# 254	64th
Median Household Income	# 621	11th
Housing Affordability Index	# 61	9th
Per Capita Income	# 61	91st
Diversity Index	# 515	26th

Encore at Monroe, NJ Profile: Facts & Data

Encore at Monroe, New Jersey - Basic Facts

Encore at Monroe, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Encore at Monroe, NJ - Peer Comparisons by Rank and Percentile

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