Cliffwood Beach, NJ Profile: Facts & Data

The primary coordinate point for Cliffwood Beach is located at latitude 40.4421 and longitude -74.2168 in Monmouth County. The formal boundaries for the Cliffwood Beach Census Designated Place encompass a land area of 0.91 sq. miles and a water area of 0.05 sq. miles. Monmouth County is in the Eastern time zone (GMT -5).

The Cliffwood Beach Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

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.

Cliffwood Beach, NJ Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	3,147 (100%)
Population in Households	3,147 (100.0%)
Population in Families	2,700 (85.8%)
Population in Group Quarters¹	0
Population Density	3,474
Diversity Index²	67


INCOME
Median Household Income	$100,970
Average Household Income	$116,294
% of Income for Mortgage⁴	20%
Per Capita Income	$41,832
Wealth Index⁵	106
Socioeconomic Status Index⁶	Moderate (63.3)

HOUSING
Total HU (Housing Units)	1,178 (100%)
Owner Occupied HU	1,050 (89.1%)
Renter Occupied HU	82 ( 7.0%)
Vacant Housing Units	46 ( 3.9%)
Median Home Value	$338,109
Average Home Value	$373,476
Housing Affordability Index³	98

HOUSEHOLDS
Total Households	1,132
Average Household Size	2.78
Family Households	837
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.

Cliffwood Beach, NJ - Peer Comparisons by Rank and Percentile

The table below compares Cliffwood Beach 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.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	1.11%	-0.10%
Households	0.14%	0.14%
Families		0.14%
Median Household Income		1.26%
Per Capita Income		2.42%
Owner Occupied HU		0.27%

Variable Description	Rank	Percentile
Total Population	# 378	46th
Population Density	# 225	68th
Median Household Income	# 337	52nd
Housing Affordability Index	# 535	76th
Per Capita Income	# 505	28th
Diversity Index	# 190	73rd

Cliffwood Beach, NJ Profile: Facts & Data

Cliffwood Beach, New Jersey - Basic Facts

Cliffwood Beach, NJ Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cliffwood Beach, NJ - Peer Comparisons by Rank and Percentile

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