Ocean township, New Jersey Median Income

Ocean township, New Jersey has a population of 28,114, with a median household income of $118,114.

Current median income data for Ocean township.

$118,114

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Population

28,114

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Median Income

$118,114

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Unemployment

2.40%

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Housing Price

$566,114

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Crime Rate

0.30

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Internet Speed

282.80 Mbps

Ocean township is a smaller urban community located in New Jersey. The city has a population that is above the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Ocean township is a notable city in New Jersey, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Ocean township has a population of 28,114, which is higher than the state average. This indicates a relatively larger urban presence within New Jersey.

Income and Economy

The median household income in Ocean township is $118,114, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Ocean township average around $566,114, which is relatively high compared to other cities in New Jersey.

Employment and Safety

The unemployment rate in Ocean township is 2.40%, which is lower than the state average, indicating a relatively strong job market. Ocean township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Jersey, Ocean township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of New Jersey, Ocean township contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Ocean township

What is the population of Ocean township?

The population of Ocean township is approximately 28,114.

Is Ocean township a good place to live?

Ocean township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Ocean township?

The median household income in Ocean township is around $118,114.

How expensive is housing in Ocean township?

The average housing price in Ocean township is approximately $566,114.