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Carteret, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
25,496
Population
$96,862
Median Income
$405,800
Home Value
38.2
Median Age

Demographics

Carteret has a population of 25,496 with a median age of 38.2. Here is the racial and ethnic breakdown of the population:

Hispanic
34.2%
Asian
26.1%
White
21.0%
Black
19.5%
Demographic Value
Total Population25,496
Median Age38.2
White21.0%
Black or African American19.5%
Asian26.1%
Hispanic or Latino34.2%
Carteret, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 101.Hispanic/Latino: 33.9%Asian: 25.9%White: 20.8%Black: 19.3%25,496PopulationHispanic/LatinoHispanic/Latino33.9%AsianAsian25.9%WhiteWhite20.8%BlackBlack19.3%

Income & Economy

The median household income in Carteret is $96,862, which is 20.2% above the national median of $80,610. The per capita income is $38,591. The poverty rate is 8.2%.

$96,862
Median Household Income
$38,591
Per Capita Income
8.2%
Poverty Rate

Employment

The unemployment rate in Carteret is 5.8%, compared to the national rate of 4.1%.

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Education

In Carteret, 85.4% of residents age 25+ have a high school diploma or higher, and 30.1% hold a bachelor's degree or higher (8.7% with a graduate or professional degree).

HS Diploma+
85.4%
Bachelor's+
30.1%
Graduate+
8.7%
Education Level % of Adults (25+)
High School Diploma or Higher85.4%
Bachelor's Degree or Higher30.1%
Graduate or Professional Degree8.7%

Housing

The median home value in Carteret is $405,800, above the national median of $303,400. The median monthly rent is $2,032. The homeownership rate is 54.7%.

$405,800
Median Home Value
$2,032/mo
Median Rent
54.7%
Homeownership Rate
Housing Metric Value
Median Home Value$405,800
Median Monthly Rent$2,032
Homeownership Rate54.7%
Vacancy Rate5.9%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Carteret, New Jersey?
The population of Carteret, New Jersey is 25,496 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Carteret, New Jersey?
The median household income in Carteret, New Jersey is $96,862. This is 20.2% above the national median of $80,610.
What is the median home value in Carteret, New Jersey?
The median home value in Carteret, New Jersey is $405,800. The median monthly rent is $2,032.
What percentage of people in Carteret have a college degree?
In Carteret, New Jersey, 30.1% of adults age 25 and older hold a bachelor's degree or higher, and 85.4% have a high school diploma or higher.
Is Carteret, New Jersey an affordable place to live?
The home price-to-income ratio in Carteret, New Jersey is 4.2x (median home value $405,800 vs. median income $96,862), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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