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Ocean Grove, New Jersey Demographics & Population 2026

Expensive MarketHome value to income ratio of 8.8x indicates a costly housing market

During the 2020–2024 ACS period, Ocean Grove, New Jersey had a total population of 3,092, the 381st largest community in New Jersey, with a median household income of $89,286, which is 14% lower than the state average. The poverty rate is 6.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Ocean Grove Quick Facts

Population 3,092
Median Household Income $89,286
Median Home Value $790,100
Poverty Rate 6.9%
Unemployment Rate 4.2%
Median Age 62.2 years
Homeownership Rate 63.7%
Affordability Ratio 8.8x
Bachelor's Degree or Higher 69.3%
High School Graduation Rate 97.1%
Diversity Index 14/100
Population 3,092 381st of 700
Median Income $89,286 bottom 30%
Poverty Rate 6.9% 44% lower than national
Median Home Value $790,100 top 20%

How Ocean Grove Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,9163,092+6.0%
Median household income$74,410$89,286+20.0%
Median home value$764,200$790,100+3.4%

How Ocean Grove Compares

Economy & Housing

Household Income Distribution

Under $25K 6.5%
$25K-$50K 17.4%
$50K-$100K 29.0%
$100K+ 47.1%
Detailed income brackets
Under $10K
1.5%
$10K-$15K
2.8%
$15K-$20K
0.4%
$20K-$25K
1.8%
$25K-$30K
7.3%
$30K-$35K
1.3%
$35K-$40K
2.9%
$40K-$45K
0.5%
$45K-$50K
5.4%
$50K-$60K
5.5%
$60K-$75K
12.8%
$75K-$100K
10.7%
$100K-$125K
8.0%
$125K-$150K
4.9%
$150K-$200K
12.0%
$200K+
22.2%

Employment

4.2% Unemployment Rate State: 6.3%|National: 5.2%
50.6% Labor Force Participation

Housing Overview

Owner 63.7%
Renter 36.3%
Affordability Index Very Expensive
8.8x home value to income ratio
Median gross rent $1,488/mo 20.0% of median household income annually

People & Demographics

Diversity Index

14out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 66 | National average: 61

Education

Ocean Grove Rankings in New Jersey

#381 Population of 700
#472 Median Income of 662
#99 Education of 699
#90 Home Value of 678

Other Cities in Monmouth County

CityPopulationMedian IncomePovertyHome 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 Ocean Grove

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Moonachie3,126$90,260$445,80029.4%7.4%
Mount Hope3,120$86,607$398,00050.3%6.1%
Rutgers University-Livingston Campus3,258N/AN/A94.0%N/A
National Park3,044$82,838$219,50014.4%9.0%
Montclair State University2,853N/AN/A71.8%N/A

Population Overview

Ocean Grove is a small community located in New Jersey, within Monmouth County. The total population is 3,092. It ranks as the 381st most populous out of 700 Census-designated places in New Jersey.

Age Demographics

The median age in Ocean Grove is 62.2 years. This is 55% higher than the state median of 40.1 years. Only 2.5% of residents are under 18, indicating fewer families with children. 14.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Ocean Grove is $89,286. This is 14% lower than the state median of $103,556. It is also 11% higher than the national median of $80,734. The poverty rate stands at 6.9%. This is 29% lower than the state poverty rate of 9.7%. The unemployment rate is 4.2%. This is 33% lower than the state rate of 6.3%. The median home value is $790,100. Housing costs are 74% higher than the state median of $454,400. The home-value-to-income ratio of 8.8x suggests that housing affordability is a significant concern for many residents. 63.7% of occupied housing units are owner-occupied.

Race & Ethnicity

Ocean Grove has a predominantly White (non-Hispanic) population, comprising 92.5% of all residents. Hispanic or Latino residents account for 3.9%. The White (non-Hispanic) population is significantly higher than the state average (92.5% vs 50.9%). The Black or African American population (1.0%) is well below the state average of 12.2%. The Hispanic or Latino population (3.9%) is well below the state average of 22.5%. The Asian population (1.7%) is well below the state average of 10.1%.

Education

69.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% 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 97.1%. Notably, 31.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Ocean Grove, 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 Ocean Grove, New Jersey?

Ocean Grove, New Jersey has a population of 3,092 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Ocean Grove, NJ?

The median household income in Ocean Grove is $89,286, which is 11% higher than the national median of $80,734.

What is the poverty rate in Ocean Grove, NJ?

The poverty rate in Ocean Grove is 6.9%. This means approximately 204 residents live below the federal poverty line.

What is the racial makeup of Ocean Grove, New Jersey?

Ocean Grove's population is 92.5% White, 1.0% Black, 3.9% Hispanic/Latino, and 1.7% Asian.

What is the median home value in Ocean Grove, NJ?

The median home value in Ocean Grove is $790,100. The home-value-to-income ratio is 8.8x.

How educated is Ocean Grove, New Jersey?

69.3% of adults (25+) in Ocean Grove hold a bachelor's degree or higher, and 31.0% hold a graduate or professional degree.