Bound Brook, NJ Profile: Facts & Data

The Borough of Bound Brook had a population of 12,323 as of July 1, 2022. Bound Brook ranks in the upper 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 Bound Brook is located at latitude 40.5684 and longitude -74.5385 in Somerset County. The formal boundaries for the Borough of Bound Brook encompass a land area of 1.66 sq. miles and a water area of 0.04 sq. miles. Somerset County is in the Eastern time zone (GMT -5). The elevation is 49 feet.

The Borough of Bound Brook 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 Bound Brook: Boundbreak, Boundbrook, Bridgewater.

Bound Brook, NJ Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	12,323 (100%)
Population in Households	12,275 (99.6%)
Population in Families	9,394 (76.2%)
Population in Group Quarters¹	48 ( 0.4%)
Population Density	7,418
Diversity Index²	86


INCOME
Median Household Income	$76,394
Average Household Income	$103,660
% of Income for Mortgage⁴	21%
Per Capita Income	$36,053
Wealth Index⁵	86

HOUSING
Total HU (Housing Units)	4,600 (100%)
Owner Occupied HU	2,095 (45.5%)
Renter Occupied HU	2,190 (47.6%)
Vacant Housing Units	315 ( 6.8%)
Median Home Value	$304,032
Average Home Value	$323,795
Housing Affordability Index³	85

HOUSEHOLDS
Total Households	4,285
Average Household Size	2.86
Family Households	2,832
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.

Bound Brook, NJ - Peer Comparisons by Rank and Percentile

The table below compares Bound Brook 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	1.23%	0.31%
Households	1.10%	0.34%
Families		0.34%
Median Household Income		2.53%
Per Capita Income		3.02%
Owner Occupied HU		0.82%

Variable Description	Rank	Percentile
Total Population	# 111	84th
Population Density	# 63	91st
Median Household Income	# 538	23rd
Housing Affordability Index	# 162	23rd
Per Capita Income	# 591	16th
Diversity Index	# 18	98th

Bound Brook, NJ Profile: Facts & Data

Bound Brook, New Jersey - Basic Facts

Bound Brook, NJ Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bound Brook, NJ - Peer Comparisons by Rank and Percentile

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