Shrewsbury, NJ Profile: Facts & Data

Shrewsbury, New Jersey - Basic Facts

The Borough of Shrewsbury had a population of 4,052 as of July 1, 2024.

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.

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

POPULATION
Total Population	4,052 (100%)
Population in Households	3,847 (94.9%)
Population in Families	3,387 (83.6%)
Population in Group Quarters¹	205 ( 5.1%)
Population Density	1,876
Diversity Index²	39


INCOME
Median Household Income	$144,227
Average Household Income	$214,661
% of Income for Mortgage⁴	34%
Per Capita Income	$78,224
Wealth Index⁵	228
Socioeconomic Status Index⁶	Moderate (63.9)

HOUSING
Total HU (Housing Units)	1,522 (100%)
Owner Occupied HU	1,329 (87.3%)
Renter Occupied HU	146 ( 9.6%)
Vacant Housing Units	47 ( 3.1%)
Median Home Value	$770,663
Average Home Value	$815,783
Housing Affordability Index³	66

HOUSEHOLDS
Total Households	1,475
Average Household Size	2.61
Family Households	1,096
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,522 (100%)

Owner Occupied HU

1,329 (87.3%)

Renter Occupied HU

146 ( 9.6%)

Vacant Housing Units

47 ( 3.1%)

Median Home Value

$770,663

Average Home Value

$815,783

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,475

Average Household Size

2.61

Family Households

1,096

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.75%	-0.17%
Households	0.31%	0.32%
Families		0.51%
Median Household Income		3.16%
Per Capita Income		2.99%
Owner Occupied HU		0.64%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.75%

-0.17%

Households

0.31%

0.32%

Families

0.51%

Median Household Income

3.16%

Per Capita Income

2.99%

Owner Occupied HU

0.64%

Shrewsbury, NJ - Peer Comparisons by Rank and Percentile

The table below compares Shrewsbury 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	# 337	52nd
Population Density	# 383	45th
Median Household Income	# 159	77th
Housing Affordability Index	# 183	26th
Per Capita Income	# 139	80th
Diversity Index	# 517	26th

Variable Description

Rank

Percentile

Total Population

# 337

52nd

Population Density

# 383

45th

Median Household Income

# 159

77th

Housing Affordability Index

# 183

26th

Per Capita Income

# 139

80th

Diversity Index

# 517

26th

New Jersey Census Data Comparison Tool

Shrewsbury, NJ Profile: Facts & Data

Shrewsbury, New Jersey - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Shrewsbury, NJ - Peer Comparisons by Rank and Percentile

Shrewsbury, NJ - Most Popular Things to Do

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