Asbury Park, NJ Profile: Facts & Data

The City of Asbury Park had a population of 15,487 as of July 1, 2022. Asbury Park ranks in the upper quartile for Population Density and 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 Asbury Park is located at latitude 40.2204 and longitude -74.0121 in Monmouth County. The formal boundaries for the City of Asbury Park encompass a land area of 1.42 sq. miles and a water area of 0.18 sq. miles. Monmouth County is in the Eastern time zone (GMT -5). The elevation is 20 feet.

The City of Asbury Park 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.

Asbury Park, NJ Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	15,487 (100%)
Population in Households	15,382 (99.3%)
Population in Families	10,294 (66.5%)
Population in Group Quarters¹	105 ( 0.7%)
Population Density	10,838
Diversity Index²	82


INCOME
Median Household Income	$50,619
Average Household Income	$88,027
% of Income for Mortgage⁴	45%
Per Capita Income	$41,371
Wealth Index⁵	58

HOUSING
Total HU (Housing Units)	8,605 (100%)
Owner Occupied HU	1,741 (20.2%)
Renter Occupied HU	5,535 (64.3%)
Vacant Housing Units	1,329 (15.4%)
Median Home Value	$433,175
Average Home Value	$481,232
Housing Affordability Index³	46

HOUSEHOLDS
Total Households	7,276
Average Household Size	2.11
Family Households	3,279
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.

Asbury Park, NJ - Peer Comparisons by Rank and Percentile

The table below compares Asbury Park to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	0.87%	0.27%
Households	1.18%	0.43%
Families		0.29%
Median Household Income		3.48%
Per Capita Income		2.76%
Owner Occupied HU		1.40%

Variable Description	Rank	Percentile
Total Population	# 75	89th
Population Density	# 33	95th
Median Household Income	# 669	5th
Housing Affordability Index	# 36	5th
Per Capita Income	# 513	27th
Diversity Index	# 64	91st

Asbury Park, NJ Profile: Facts & Data

Asbury Park, New Jersey - Basic Facts

Asbury Park, NJ Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Asbury Park, NJ - Peer Comparisons by Rank and Percentile

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