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Menlo Park Terrace, NJ
Full City Profile · New Jersey · Union County County
3.6
/5.0
B+
Good
2,952
Population
7,978/sq mi density
$111,111
Median Income
$42,383 per capita
$379,100
Home Value
$552,085 Zillow
$1,879
Median Rent
51.0% income on rent
55°F
Avg Temperature
275 sunny days/yr
65
Violent Crime/100K
1,049 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$111,111 median income, 4.7% unemployment
A+
Affordability
4.8 / 5.0
$379,100 home value, $1,879/mo rent
F
Safety
1.0 / 5.0
65 violent crimes/100K
A
Education
4.0 / 5.0
37.8% bachelor's degree or higher
Income Overview
Median Household Income
$111,111
48% above
US avg: $75,149
Per Capita Income
$42,383
9% above
US avg: $39,052
Unemployment Rate
4.7%
31% above
US avg: 3.6%
Poverty Rate
4.6%
63% below
US avg: 12.4%
Income Comparison: Menlo Park Terrace vs. U.S. Average
Each bar shows Menlo Park Terrace’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$111,111
148%
Per Capita
US: $39,052
$42,383
109%
IRS Avg AGI
US: $72,000
$109,188
152%
Avg Weekly Wage
US: $1,432
$1,622
113%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,622
13% above US avg ($1,432)
Mean Commute Time
30 min
8% above US avg (28 min)
Work From Home
10.8%
29% below US avg (15.2%)
Drive Alone
61.8%
16% below US avg (73.2%)
Public Transit
11.3%
126% above US avg (5.0%)
County GDP
$51,947M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
61.8%
Public Transit
11.3%
Work From Home
10.8%
Other
16.1%
Average commute time
30 minutes
US avg: 28 min
Business Landscape
Total Establishments
16,571
Restaurants
1,317
Healthcare
1,591
Retail
1,861
Manufacturing
523
Tax & Financial
IRS Avg Adjusted Gross Income
$109,188
52% above US avg ($72,000)
Avg Property Tax
$13,532
287% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $111,111 |
| Per Capita Income | $42,383 |
| IRS Avg Adjusted Gross Income | $109,188 |
| Avg Weekly Wage | $1,622 |
| County GDP | $51,947M |
Hardship Indicators
| Unemployment Rate | 4.7% |
| Poverty Rate | 4.6% |
| Gini Coefficient | 0.487 |
| Cost of Living Index | 108.8 |
Commute
| Mean Commute | 30 minutes |
| Drive Alone | 61.8% |
| Public Transit | 11.3% |
| Work From Home | 10.8% |
Businesses
| Total Establishments | 16,571 |
| Restaurants | 1,317 |
| Healthcare | 1,591 |
| Retail | 1,861 |
| Manufacturing | 523 |
Tax
| IRS Avg AGI | $109,188 |
| Avg Property Tax | $13,532 |