Official Federal Data
Monmouth County, New Jersey
FIPS 34025 · New York-Newark-Jersey City, NY-NJ · Population 645,353
9 Sources
Updated June 22, 2026
$124,845 ▲
Median Income
$80,734 national
4.7% ▲
Unemployment
4% national
$52.7B ▲
GDP
51.3% ▲
Bachelor's+
35.7% national
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$124,845 ▲
Per Capita
$66,696 ▲
Mean Household
$170,714 ▲
Poverty Rate
6.5% ▼
Median Income Comparison
Monmouth County$124,845
New Jersey$103,556
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 20.9%
18-34 · 19.2%
35-54 · 25.2%
55-64 · 15.6%
65+ · 19.1%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
94.2%
High School+
National: 89.6%
▲ +4.6 pts
51.3%
Bachelor's+
National: 35.7%
▲ +15.6 pts
20%
Graduate+
National: 14.1%
▲ +5.9 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
645,353
Population
348,918
Labor Force
Employed
329,657
Unemployment Rate BLS LAUS 2025 annual
4.7% ▲ +0.5 pts YoY
Mean Commute 6 min above national avg
32.1 min
Work From Home vs 15.1% national
18.9%
Key Takeaways
- Income premium: Households earn well above the national median, supporting strong retail and housing markets.
- Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 15.6 pts, supports knowledge-economy and tech attraction.
- Aging population: Median age of 43 is materially above the U.S. norm; succession planning and senior-services demand are real factors.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Health Care and Social Assistance employs 58,064 workers (27.3% of tracked sectors), at an average wage of $78,013.
- Economic scale: Regional GDP of $52.7B (2024).
- Wage stratification: Finance and Insurance averages $146,136 while Accommodation and Food Services averages $30,763, a 4.8x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Health Care & Social Assistance Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
26,966
Cluster Employment
1.67x
Peak LQ
Concentrated Sub-Sectors
2.99x 1,222
Personal and Laundry Services
2.51x 7,095
Amusement, Gambling, and Recreation Industries
2.18x 7,460
Clothing, Clothing Accessories, Shoe, and Jewelry Retailers
2.02x 4,137
Utilities
1.92x 2,072
Food and Beverage Retailers
1.77x 10,292
Water Transportation
1.67x 205
Telecommunications
1.67x 1,771
Ambulatory Health Care Services
1.67x 26,966
Health and Personal Care Retailers
1.53x 2,903
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.06x
Transportation Equipment Manufacturing
171 employed
0.08x
Wood Product Manufacturing
61 employed
0.08x
Warehousing and Storage
262 employed
0.15x
Internet Publishing and Broadcasting
92 employed
0.18x
Primary Metal Manufacturing
114 employed
0.22x
Machinery Manufacturing
438 employed
0.23x
Furniture and Related Product Manufacturing
137 employed
Key Takeaways
- Top specialization: concentrates at 2.99x the national norm.
- Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$606,100 ▲
Median Home Value vs 2019
$1,827 ▲
Rent/Mo
75.6% ▲
Owner-Occ
6.9% ▼
Vacancy
4.9x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,676/mo
1 Bedroom
$1,889/mo
2 Bedroom
$2,328/mo
3 Bedroom
$3,043/mo
4 Bedroom
$3,371/mo
30% of monthly median household income (~$3,121/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 4.9x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- High home ownership: 75.6% owner-occupied; rental supply may be tight for incoming workers.
- Affordable rent tiers: 4 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$3,121/mo).
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
387,237 ▲
Working Age (18-64) vs 2019
Mean Commute 6 min above national avg
32.1 min
Work From Home vs 15.1% national
18.9%
Prime-Age Employed (25-54)
85.1%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
51.3% ▲
HS Diploma+
94.2% ▲
Regional / Statewide Institutions
Total credentials awarded
32,479/yr
13,105/yr
5,800/yr
5,465/yr
3,249/yr
2,792/yr
2,068/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
25.9%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
51.9%
Service
13.7%
Sales & Office
20.6%
Construction / Maint.
6.6%
Production / Transport
7.2%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 329,657 employed workers.
Key Takeaways
- Succession risk is real: 25.9% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 24,370 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Monmouth County shows emerging potential for attraction, with a 2.99x concentration and 1,222 jobs in this sub-sector. Near-term succession risk is elevated, with 25.9% of the working-age population within 10 years of retirement age.
The interconnected base across , personal and laundry services, and amusement, gambling, and recreation industries creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.
Industry Shift Analysis
Manufacturing Automation Risk
High
Healthcare Growth Forecast
+4.2% CAGR
Remote Work Migration
67/100
Prospect Match Scores
Advanced Manufacturing
92/100
Life Sciences
84/100
Data Centers
71/100
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Monmouth County, New Jersey, from federal data sources.
What is the population of Monmouth County, New Jersey?
645,353 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Monmouth County, New Jersey?
$124,845 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Monmouth County, New Jersey?
4.7% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Monmouth County, New Jersey?
$52.7B (U.S. Bureau of Economic Analysis, CAGDP1).
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