Eatontown, NJ Profile: Facts & Data

The Borough of Eatontown had a population of 13,798 as of July 1, 2023. Eatontown ranks in the upper 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 Eatontown is located at latitude 40.2962 and longitude -74.051 in Monmouth County. The formal boundaries for the Borough of Eatontown encompass a land area of 5.83 sq. miles and a water area of 0.05 sq. miles. Monmouth County is in the Eastern time zone (GMT -5).

The Borough of Eatontown 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.

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

POPULATION
Total Population	13,798 (100%)
Population in Households	13,566 (98.3%)
Population in Families	10,361 (75.1%)
Population in Group Quarters¹	232 ( 1.7%)
Population Density	2,362
Diversity Index²	73


INCOME
Median Household Income	$80,215
Average Household Income	$112,041
% of Income for Mortgage⁴	35%
Per Capita Income	$48,491
Wealth Index⁵	97
Socioeconomic Status Index⁶	Moderate (55.1)

HOUSING
Total HU (Housing Units)	6,296 (100%)
Owner Occupied HU	3,088 (49.0%)
Renter Occupied HU	2,880 (45.7%)
Vacant Housing Units	328 ( 5.2%)
Median Home Value	$461,538
Average Home Value	$511,423
Housing Affordability Index³	61

HOUSEHOLDS
Total Households	5,968
Average Household Size	2.27
Family Households	3,397
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.

Eatontown, NJ - Peer Comparisons by Rank and Percentile

The table below compares Eatontown 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	0.45%	0.13%
Households	0.66%	0.46%
Families		0.50%
Median Household Income		1.76%
Per Capita Income		2.98%
Owner Occupied HU		1.22%

Variable Description	Rank	Percentile
Total Population	# 94	87th
Population Density	# 326	54th
Median Household Income	# 515	27th
Housing Affordability Index	# 130	19th
Per Capita Income	# 396	44th
Diversity Index	# 137	81st

Eatontown, NJ Profile: Facts & Data

Eatontown, New Jersey - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Eatontown, NJ - Peer Comparisons by Rank and Percentile

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