New Jersey · Census place 45450
Menlo Park Terrace CDP, NJ
Quick answer
Menlo Park Terrace CDP has 2,952 residents, ranking #391 of 700 places in New Jersey. Median household income is $111,111, the median home is worth $379,100 and median gross rent runs $1,879 a month.
- Population
- 2,952Menlo Park Terrace CDP residents
- Median household income
- $111,111Past 12 months, inflation adjusted
- Median home value
- $379,100Owner-occupied units
- Median gross rent
- $1,879Rent plus utilities, monthly
- Median age
- 40.1 yrsAll residents
- Homeownership rate
- 89.9%Owner-occupied households
What the numbers mean in Menlo Park Terrace CDP
Housing cost measured against local earnings.
A household earning the Menlo Park Terrace CDP median would spend about 20.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6% of residents and 89.9% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Millington CDP 3,002
- Pines Lake CDP 2,989
- Hopelawn CDP 2,986
- Whitesboro CDP 2,946
- Ocean Grove CDP 2,916
- Woodlynne borough 2,899
- Stirling CDP 2,868
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