Also See Shrewsbury, NJ: ZIP Codes & Maps
The Borough of Shrewsbury had a population of 4,085 as of July 1, 2023.
The primary coordinate point for Shrewsbury is located at latitude 40.3296 and longitude -74.0615 in Monmouth County. The formal boundaries for the Borough of Shrewsbury encompass a land area of 2.17 sq. miles and a water area of 0.03 sq. miles. Monmouth County is in the Eastern time zone (GMT -5).
The Borough of Shrewsbury 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.
POPULATION | |
---|---|
Total Population | 4,085 (100%) |
Population in Households | 3,880 (95.0%) |
Population in Families | 3,434 (84.1%) |
Population in Group Quarters1 | 205 ( 5.0%) |
Population Density | 1,891 |
Diversity Index2 | 38 |
INCOME | |
Median Household Income | $135,058 |
Average Household Income | $205,690 |
% of Income for Mortgage4 | 31% |
Per Capita Income | $74,509 |
Wealth Index5 | 232 |
Socioeconomic Status Index6 | High (66.0) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,521 (100%) |
Owner Occupied HU | 1,288 (84.7%) |
Renter Occupied HU | 190 (12.5%) |
Vacant Housing Units | 43 ( 2.8%) |
Median Home Value | $700,371 |
Average Home Value | $728,727 |
Housing Affordability Index3 | 69 |
HOUSEHOLDS | |
Total Households | 1,478 |
Average Household Size | 2.63 |
Family Households | 1,113 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.73% | 0.02% |
Households | 0.46% | 0.31% |
Families | 0.36% | |
Median Household Income | 1.61% | |
Per Capita Income | 2.52% | |
Owner Occupied HU | 0.58% |
The table below compares Shrewsbury 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 | # 333 | 53rd |
Population Density | # 382 | 46th |
Median Household Income | # 146 | 79th |
Housing Affordability Index | # 191 | 27th |
Per Capita Income | # 126 | 82nd |
Diversity Index | # 512 | 27th |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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