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Beachwood, NJ Profile: Facts & Data

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Beachwood, New Jersey - Basic Facts

The Borough of Beachwood had a population of 10,999 as of July 1, 2024.

The primary coordinate point for Beachwood is located at latitude 39.939 and longitude -74.1929 in Ocean County. The formal boundaries for the Borough of Beachwood encompass a land area of 2.85 sq. miles and a water area of 0 sq. miles. Ocean County is in the Eastern time zone (GMT -5).

The Borough of Beachwood 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.


Jump to... (On This Page!)
  1. Beachwood 2024 Demographic Data
  2. Growth Rates for Beachwood (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2024 Demographics
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Beachwood, NJ Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 10,999 (100%)
Population in Households 10,981 (99.8%)
Population in Families 9,486 (86.2%)
Population in Group Quarters1 18 ( 0.2%)
Population Density 3,981
Diversity Index2 46
 
 

INCOME

Median Household Income $101,238
Average Household Income $126,124
% of Income for Mortgage4 21%
Per Capita Income $43,886
Wealth Index5 120
Socioeconomic Status Index6 Moderate (57.8)
 

HOUSING

Total HU (Housing Units) 3,929 (100%)
Owner Occupied HU 3,427 (87.2%)
Renter Occupied HU 400 (10.2%)
Vacant Housing Units 102 ( 2.6%)
Median Home Value $334,828
Average Home Value $365,867
Housing Affordability Index3 107
 

HOUSEHOLDS

Total Households 3,827
Average Household Size 2.87
Family Households 2,928
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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 0.30% 0.25%
Households 0.68% 0.50%
Families   0.44%
Median Household Income   1.93%
Per Capita Income   2.96%
Owner Occupied HU   0.83%

Beachwood, NJ - Peer Comparisons by Rank and Percentile

The table below compares Beachwood 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 # 134 81st
Population Density # 182 74th
Median Household Income # 417 41st
Housing Affordability Index # 621 89th
Per Capita Income # 535 24th
Diversity Index # 434 38th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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