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Menlo Park Terrace, NJ
Full City Profile · New Jersey · Union County County
Menlo Park Terrace, NJ
At a Glance
How Menlo Park Terrace Compares to the U.S. Average
Each bar shows Menlo Park Terrace's value as a percentage of the national average (100% = U.S. avg)
Is Menlo Park Terrace a Good Place to Live?
Economy & Jobs
Menlo Park Terrace residents earn a median household income of $111,111 , which is 48% above the national average of $75,149. Per capita income is $42,383. The unemployment rate stands at 4.7% (31% above the U.S. rate of 3.6%). 4.6% of residents live below the poverty line. The area is home to 16,571 business establishments, including 1,317 restaurants.
Housing & Cost of Living
The median home value in Menlo Park Terrace is $379,100 , 34% above the national median of $281,900. Zillow estimates the typical home at $552,085. Median rent is $1,879/month, with 51.0% of renters spending more than 30% of income on housing. The cost of living index is 108.8 (100 = national average). The median home was built in 1954.
Safety & Crime
Menlo Park Terrace reports 65 violent crimes per 100,000 residents , which is 83% below the national average of 380/100K. Property crime is 1,049/100K.
Education
37.8% of adults in Menlo Park Terrace hold a bachelor's degree or higher (12% above the national average). 88.8% have completed high school. Local schools score 6.2/10 in standardized testing.
Climate & Weather
Menlo Park Terrace has an average annual temperature of 55°F (13°C). Winters average 32°F in January while summers reach 77°F in July. The area gets 275 sunny days per year. Annual precipitation totals 48.7 inches. Air quality is rated Good with a median AQI of 39.