Menlo Park Terrace CDP, New Jersey Demographics & Population 2026

Population Overview

Menlo Park Terrace CDP is a small community located in New Jersey. The total population is 2,952. It ranks as the 391st most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Menlo Park Terrace CDP is 40.1 years. This is about average than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Menlo Park Terrace CDP is $111,111. This is 10% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 41% higher. The poverty rate stands at 6.0%. This is 39% lower than the state poverty rate of 9.8%. The unemployment rate is 6.9%. This is 12% higher than the state rate of 6.2%. The median home value is $379,100. Housing costs are 11% lower than the state median of $427,600. The home-value-to-income ratio is 3.4x. 89.9% of occupied housing units are owner-occupied. This homeownership rate is 41% higher than the state average of 63.7%.

Race & Ethnicity

Menlo Park Terrace CDP is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Asian residents account for 28.9%. The Asian population is significantly higher than the state average (28.9% vs 9.8%).

Education

37.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% lower than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.8%. Notably, 15.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Menlo Park Terrace CDP, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.