New Jersey · Census place 57750
Penns Grove borough, NJ
Quick answer
Penns Grove borough has 4,860 residents, ranking #303 of 700 places in New Jersey. Median household income is $43,889, the median home is worth $170,100 and median gross rent runs $1,031 a month.
- Population
- 4,860Penns Grove borough residents
- Median household income
- $43,889Past 12 months, inflation adjusted
- Median home value
- $170,100Owner-occupied units
- Median gross rent
- $1,031Rent plus utilities, monthly
- Median age
- 26.1 yrsAll residents
- Homeownership rate
- 38.2%Owner-occupied households
What the numbers mean in Penns Grove borough
Housing cost measured against local earnings.
A household earning the Penns Grove borough median would spend about 28.2% 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 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 36.3% of residents and 38.2% 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.
- Flemington borough 4,887
- Harrington Park borough 4,883
- Spring Lake Heights borough 4,866
- South Bound Brook borough 4,833
- Point Pleasant Beach borough 4,826
- Northvale borough 4,782
- Cedar Knolls CDP 4,754
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