Harvey Cedars, NJ Profile: Facts & Data

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Harvey Cedars, New Jersey - Basic Facts

The Borough of Harvey Cedars had a population of 371 as of July 1, 2020. Harvey Cedars ranks in the lower 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 Harvey Cedars is located at latitude 39.7062 and longitude -74.134 in Ocean County. The formal boundaries for the Borough of Harvey Cedars encompass a land area of 0.56 sq. miles and a water area of 0.63 sq. miles. Ocean County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

The Borough of Harvey Cedars (GNIS ID: 885246) 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.

Alternate Unofficial Names for Harvey Cedars: Harveys Hommock, Harvey's Whaling Quarters, Harveys Whaling Station, High Point.

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Harvey Cedars, NJ Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 371 (100%)
Population in Households 371 (100.0%)
Population in Families 290 (78.2%)
Population in Group Quarters1 0
Population Density 661
Diversity Index2 4
 
 

INCOME

Median Household Income $96,901
Average Household Income $154,292
% of Income for Mortgage4 41%
Per Capita Income $78,949
Wealth Index5 307
 

HOUSING

Total HU (Housing Units) 1,301 (100%)
Owner Occupied HU 166 (12.8%)
Renter Occupied HU 20 ( 1.5%)
Vacant Housing Units 1,115 (85.7%)
Median Home Value $949,074
Average Home Value $1,108,994
Housing Affordability Index3 58
 

HOUSEHOLDS

Total Households 186
Average Household Size 1.99
Family Households 115
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 0.94% 0.64%
Households 0.94% 0.64%
Families 0.43% 0.69%
Median Household Income   0.84%
Per Capita Income   1.63%
Owner Occupied HU   0.71%

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Harvey Cedars, NJ - Peer Comparisons by Rank and Percentile

The table below compares Harvey Cedars to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 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 # 507 7th
Population Density # 457 16th
Median Household Income # 214 61st
Housing Affordability Index # 37 7th
Per Capita Income # 41 93rd
Diversity Index # 543 1st

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

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