Shrewsbury, NJ Profile: Facts & Data

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Shrewsbury, New Jersey - Basic Facts

The Borough of Shrewsbury had a population of 4,115 as of July 1, 2019. Shrewsbury ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Shrewsbury is located at latitude 40.1826 and longitude -74.5293 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 elevation is 135 feet.

The Borough of Shrewsbury (GNIS ID: 885395) 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.

The Borough of Shrewsbury is located within Township of Upper Freehold, a minor civil division (MCD) of Monmouth County.


Jump to... (On This Page!)
  1. Shrewsbury 2019 Demographic Data
  2. Growth Rates for Shrewsbury (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 - 2019 Demographics

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Shrewsbury, NJ Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Shrewsbury, NJ Housing Affordability Index is 102
State of New Jersey Housing Affordability Index is 91
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.

WEALTH INDEX

Shrewsbury, NJ Wealth Index is 298
State of New Jersey Wealth Index is 148
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New Jersey address.

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POPULATION

Total Population 4,115
Population in Households 3,949
Population in Familes 3,617
Population in Group Qrtrs 166
Population Density 1,905
Diversity Index1 15
 

INCOME

Median Household Income $146,953
Average Household Income $185,270
Per Capita Income $61,838
Wealth Index3 298

HOUSING

Total Housing Units 1,391 (100%)
Owner Occupied HU 1,308 (94.0%)
Renter Occupied HU 64 ( 4.6%)
Vacant Housing Units 19 ( 1.4%)
Median Home Value $585,809
Housing Affordability Index2 102
 

HOUSEHOLDS

Total Households 1,372
Average Household Size 2.88
Family Households 1,113
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.84% 0.54%
Households 0.92% 0.55%
Families 0.87% 0.53%
Median Household Income   1.42%
Per Capita Income   1.98%

Shrewsbury, NJ - Peer Comparisons by Rank and Percentile

The table below compares Shrewsbury to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2019 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 # 299 45th
Population Density # 338 38th
Diversity Index # 492 10th
Median Household Income # 56 90th
Per Capita Income # 96 83rd

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

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