Morganville, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Morganville, New Jersey had a total population of 5,902, the 268th largest community in New Jersey, with a median household income of $161,500, which is 56% higher than the state average. The poverty rate is 3.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 56% above the state average — one of the wealthiest communities in New Jersey.
- An exceptionally low poverty rate of 3.5% — among the lowest in New Jersey.
- Near full employment with an unemployment rate of just 1.1%.
Morganville Quick Facts
How Morganville Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 5,544 | 5,902 | +6.5% |
| Median household income | $134,911 | $161,500 | +19.7% |
| Median home value | $575,900 | $681,800 | +18.4% |
How Morganville Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Morganville Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Monmouth County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Long Branch | 32,530 | $79,653 | 15.5% | $574,000 |
| Tinton Falls | 19,361 | $117,308 | 6.8% | $478,000 |
| Asbury Park | 15,295 | $75,544 | 21.9% | $581,100 |
| West Freehold | 14,883 | $130,800 | 4.0% | $529,000 |
| Eatontown | 13,575 | $90,463 | 4.4% | $492,400 |
| Red Bank | 12,862 | $97,477 | 8.7% | $504,900 |
| Freehold | 12,507 | $85,707 | 14.3% | $416,800 |
| Robertsville | 12,035 | $210,661 | 2.6% | $685,100 |
| Keansburg | 9,719 | $81,428 | 10.7% | $311,800 |
| Matawan | 9,710 | $123,354 | 10.5% | $467,800 |
Cities Similar to Morganville
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Rutgers University-Busch Campus | 5,920 | N/A | N/A | 87.7% | 0.0% |
| Manasquan | 5,922 | $142,944 | $988,100 | 71.3% | 3.0% |
| Roseland | 6,268 | $164,458 | $665,700 | 71.8% | 2.5% |
| Norwood | 5,724 | $178,311 | $709,100 | 60.6% | 2.8% |
| Morris Plains | 6,315 | $154,923 | $643,300 | 72.2% | 3.2% |
Population Overview
Morganville is a small city located in New Jersey, within Monmouth County. The total population is 5,902. It ranks as the 268th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Morganville is 46.3 years. This is 15% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Morganville is $161,500. This is 56% higher than the state median of $103,556. It is also 100% higher than the national median of $80,734. The poverty rate stands at 3.5%. This is 64% lower than the state poverty rate of 9.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 1.1%. This is 83% lower than the state rate of 6.3%. The median home value is $681,800. Housing costs are 50% higher than the state median of $454,400. The home-value-to-income ratio is 4.2x. 88.1% of occupied housing units are owner-occupied. This homeownership rate is 38% higher than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Morganville is White (non-Hispanic), making up 54.4% of the population. Asian residents account for 22.6%. The Black or African American population (1.1%) is well below the state average of 12.2%. The Hispanic or Latino population (10.9%) is well below the state average of 22.5%. The Asian population is significantly higher than the state average (22.6% vs 10.1%).
Education
59.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 37% higher than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.2%. Notably, 30.9% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Morganville, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Morganville, New Jersey?
Morganville, New Jersey has a population of 5,902 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Morganville, NJ?
The median household income in Morganville is $161,500, which is 100% higher than the national median of $80,734.
What is the poverty rate in Morganville, NJ?
The poverty rate in Morganville is 3.5%. This means approximately 206 residents live below the federal poverty line.
What is the racial makeup of Morganville, New Jersey?
Morganville's population is 54.4% White, 1.1% Black, 10.9% Hispanic/Latino, and 22.6% Asian.
What is the median home value in Morganville, NJ?
The median home value in Morganville is $681,800. The home-value-to-income ratio is 4.2x.
How educated is Morganville, New Jersey?
59.8% of adults (25+) in Morganville hold a bachelor's degree or higher, and 30.9% hold a graduate or professional degree.