Port Monmouth, NJ Profile: Facts & Data

The primary coordinate point for Port Monmouth is located at latitude 40.4301 and longitude -74.0985 in Monmouth County. The formal boundaries for the Port Monmouth Census Designated Place encompass a land area of 1.3 sq. miles and a water area of 0.04 sq. miles. Monmouth County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

The Port Monmouth 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.

Port Monmouth, NJ Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	3,706 (100%)
Population in Households	3,704 (99.9%)
Population in Families	3,174 (85.6%)
Population in Group Quarters¹	2 ( 0.1%)
Population Density	2,849
Diversity Index²	44


INCOME
Median Household Income	$107,501
Average Household Income	$135,344
% of Income for Mortgage⁴	18%
Per Capita Income	$52,220
Wealth Index⁵	147

HOUSING
Total HU (Housing Units)	1,486 (100%)
Owner Occupied HU	1,114 (75.0%)
Renter Occupied HU	277 (18.6%)
Vacant Housing Units	95 ( 6.4%)
Median Home Value	$370,588
Average Home Value	$401,369
Housing Affordability Index³	120

HOUSEHOLDS
Total Households	1,391
Average Household Size	2.66
Family Households	986
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.

Port Monmouth, NJ - Peer Comparisons by Rank and Percentile

The table below compares Port Monmouth 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	-0.46%	-0.14%
Households	-0.16%	0.04%
Families		0.02%
Median Household Income		1.74%
Per Capita Income		2.41%
Owner Occupied HU		0.34%

Variable Description	Rank	Percentile
Total Population	# 349	50th
Population Density	# 270	62nd
Median Household Income	# 274	61st
Housing Affordability Index	# 453	65th
Per Capita Income	# 343	51st
Diversity Index	# 429	39th

Port Monmouth, NJ Profile: Facts & Data

Port Monmouth, New Jersey - Basic Facts

Port Monmouth, NJ Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Port Monmouth, NJ - Peer Comparisons by Rank and Percentile

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