HomeNew JerseyMonmouth County
Monmouth County, New Jersey: commercial real estate data.
Monmouth County, New Jersey had an estimated 647,520 residents on July 1, 2024, up 0.6 percent since the 2020 census base of 643,522, across 469 square miles. County output reached $52.69 bn in 2024, 19,883 establishments operate here, and the SBA record carries 1,007 7(a) approvals worth $513.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Monmouth County
How many people live in Monmouth County
- Population, American Community Survey 2020-2024645,353
- Households251,712
- Average household size2.56
- Median household income$124,845
- Median age43.2
- Median gross rent$1,827 per month
- Median owner-occupied home value$606,100
- Home value to household income4.9 times
- Annual rent as a share of median income17.6 percent
- Adults 25 and over with a bachelor degree or higher51.3 percent
- Adults 25 and over with a graduate degree20.0 percent
- Adults 25 and over458,044
- Population under 18134,746
- Share under 1820.9 percent
- Population 65 and over123,370
- Share 65 and over19.1 percent
- Working age population, 18 to 64387,237
- Civilian labor force348,483
- Unemployment rate5.4 percent
- Labor force participation, adults 18 and over68.2 percent
- Rank by population among New Jersey counties6th of 21
- Rank by population among US county-equivalents, Puerto Rico included109th of 3,222
Monmouth County is the 6th largest of 21 New Jersey counties by population. A median home costs 4.9 times median household income, which is seriously unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 20.9 percent against 19.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Monmouth County
Is Monmouth County's population growing?
- Population, July 1, 2024647,520
- Census 2020 base population643,522
- Population change since the 2020 census base0.62 percent
- Population change, 2023 to 20242,579
- Births, 20246,374
- Deaths, 20245,585
- Natural change, 2024789
- Net domestic migration, 2024-1,272
- Net international migration, 20243,082
- Total net migration, 20241,810
- Cumulative net domestic migration, 2021 to 2024-3,692
- Rank by growth among US county-equivalents1612th of 3,144
The county has grown 0.62 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Monmouth County
Where are people moving to Monmouth County from?
- Tax returns filed by households arriving14,202
- People arriving, from those returns24,302
- Tax returns filed by households leaving15,786
- Net household movement-1,584
- Adjusted gross income arriving$1.97 bn
- Net adjusted gross income movement$-368.2 m
- Average income of an arriving household$138,672
- Average income of a leaving household$148,083
- Largest single originOcean County (2,213 households)
- Largest single destinationOcean County (3,127 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Ocean County | 2,213 | 3,724 | $200.9 m |
| Middlesex County | 2,010 | 3,498 | $225.8 m |
| Richmond County | 964 | 2,019 | $130.5 m |
| Hudson County | 942 | 1,643 | $182.1 m |
| Kings County | 891 | 1,859 | $141.4 m |
| Union County | 577 | 1,015 | $94.0 m |
| New York County | 494 | 700 | $120.9 m |
| Bergen County | 407 | 704 | $76.6 m |
Households arriving report $9,411 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Ocean County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Monmouth County
What is the Monmouth County economy?
- County GDP, 2024$52.69 bn
- County GDP, 2023$50.06 bn
- GDP change, 2023 to 20245.3 percent
- GDP change over five years35.7 percent
- Rank by GDP among the New Jersey areas BEA publishes8th of 21
- Rank by GDP among the US county areas BEA publishes113th of 3,127
- GDP per resident$81,650
Output grew 5.3 percent in the latest year and 35.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Monmouth County
Employment by industry in Monmouth County
- Covered employment, annual average274,000
- Establishments reporting21,968
- Average annual pay$70,560
- Average weekly wage$1,357
- Health care and social assistance, employment54,652
- Health care and social assistance, average annual pay$74,024
- Retail trade, employment36,002
- Retail trade, average annual pay$41,825
- Accommodation and food services, employment29,622
- Accommodation and food services, average annual pay$30,271
- Professional, scientific and technical services, employment19,180
- Professional, scientific and technical services, average annual pay$119,406
- Construction, employment16,335
- Administrative and support and waste management services, employment14,050
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 54,652 | 3,755 | $74,024 |
| Retail trade | 36,002 | 2,369 | $41,825 |
| Accommodation and food services | 29,622 | 1,825 | $30,271 |
| Professional, scientific and technical services | 19,180 | 2,691 | $119,406 |
| Construction | 16,335 | 1,912 | $90,053 |
| Administrative and support and waste management services | 14,050 | 1,337 | $64,862 |
| Other services, except public administration | 12,009 | 1,903 | $42,324 |
| Manufacturing | 9,334 | 522 | $73,670 |
Health care and social assistance is the largest private sector at 54,652 jobs, 19.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Monmouth County
How many businesses are in Monmouth County?
- Establishments, all industries19,883
- Employment at those establishments257,734
- Annual payroll$16.63 bn
- Establishments per 1,000 residents30.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Monmouth County
Building permits in Monmouth County
- Housing units authorized by permit, 20242,782
- Declared construction value permitted$569.0 m
- Single family units authorized2,151
- Multifamily units authorized631
- Multifamily share of units22.7 percent
- Average declared value per unit$204,518
- Units authorized per 1,000 households11.1
Single-family homes are 77.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Monmouth County
SBA loans in Monmouth County (7(a) and 504)
- 7(a) approvals recorded1,007
- 7(a) gross approval dollars$513.8 m
- Average 7(a) approval$510,232
- Median 7(a) approval$200,000
- 10th percentile approval$25,000
- 90th percentile approval$1,368,600
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)9,568
- Jobs per approval9.5
- Distinct 7(a) lenders active106
- Distinct industries receiving approvals263
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer13.7 percent
- Loans on real estate terms138
- Loans on working capital terms, 120 months or shorter819
- Franchise loans104
- Franchise share of approvals10.3 percent
- Leading industry by approval countFull-Service Restaurants (43)
- Most active lenderTD Bank, National Association (224)
- 504 approvals recorded148
- 504 gross approval dollars$198.5 m
- Average 504 approval$1,341,128
- Median 504 approval$673,500
- Distinct CDCs active5
- 504 jobs per approval13.7
- 504 jobs per million dollars approved10.2
- Most active CDCTrenton Business Assistance Corporation (100)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$712.3 m
The average approval of $510,232 sits well above the median of $200,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 13.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Monmouth County
SBA loan default and charge-off rates in Monmouth County
Do SBA loans in Monmouth County get paid back?
- Loans with a final outcome recorded179
- Paid in full159
- Charged off20
- Charge-off rate on resolved loans11.2 percent
- Status: Paid in full159
- Status: Exempt from disclosure610
- Status: Cancelled158
- Status: Charged off20
- Status: Committed, not yet disbursed60
Of the 179 loans that have reached a final outcome, 11.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monmouth County
SBA lending by place in Monmouth County
- Borrower cities with recorded lending76
- Freehold, approvals105
- Howell, approvals52
- Red Bank, approvals49
- Morganville, approvals39
- Neptune City, approvals38
- Manalapan, approvals37
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Freehold | 105 | $53,134,200 |
| Howell | 52 | $18,515,400 |
| Red Bank | 49 | $25,352,900 |
| Morganville | 39 | $17,677,700 |
| Neptune City | 38 | $29,615,300 |
| Manalapan | 37 | $18,500,200 |
| Eatontown | 37 | $13,979,900 |
| Holmdel | 31 | $24,987,300 |
| 68 other borrower cities | 619 | $312,041,100 |
Freehold accounts for 105 approvals against 52 in Howell. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monmouth County
How large is Monmouth County?
- Land area469 sq mi
- Rank by land area among New Jersey counties6th of 21
- Width, east to west32.5 mi
- Height, north to south27.4 mi
- Geographies sharing a boundary4
- Residents per square mile of land1,376
- Establishments per square mile42.39
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Monmouth County
Flood risk in Monmouth County
- Communities in the county in the NFIP Community Status Book53
- Of those, participating in the NFIP53
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class16
- Radon levels in Monmouth County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Monmouth County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 5, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Monmouth County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Monmouth County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024645,353
- Households251,712
- Average household size2.56
- Median household income$124,845
- Median age43.2
Common questions
Monmouth County questions, answered from the record.
How many people live in Monmouth County, New Jersey?
The Census Bureau estimates 647,520 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 645,353, in 251,712 households, ranking 6th of 21 New Jersey counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Monmouth County's population growing?
The population has grown 0.62 percent since the 2020 census base of 643,522, to 647,520 on July 1, 2024. In 2024 there were 6,374 births against 5,585 deaths, with net migration of 1,810. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Monmouth County?
$124,845. The median owner-occupied home is valued at $606,100, which is 4.9 times income, and median gross rent is $1,827 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Monmouth County?
19,883 establishments, employing 257,734 people with an annual payroll of $16.63 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Monmouth County?
Health care and social assistance is the largest private sector at 54,652 jobs, 19.9 percent of covered employment. Covered employment averages 274,000 jobs at an average annual pay of $70,560, or $1,357 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Monmouth County?
1,007 7(a) approvals totaling $513.8 m since FY2020, across 106 lenders, with a median approval of $200,000, plus 148 504 approvals worth $198.5 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Monmouth County get paid back?
Of the 179 loans that have reached a final outcome, 159 were paid in full and 20 charged off, a charge-off rate of 11.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Monmouth County?
2,782 housing units were authorized by permit in 2024, with a declared construction value of $569.0 m. Multifamily was 22.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Monmouth County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Monmouth County come from?
The largest single origin is Ocean County, with 2,213 households. Arriving households report an average income of $138,672 against $148,083 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Monmouth County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Monmouth County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Monmouth County
Cities and places in Monmouth.
60 Census places lie wholly or partly in Monmouth County. All 60 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Long Branch | city | 32,530 | 29 | Wholly in this county |
| Tinton Falls | borough | 19,361 | 25 | Wholly in this county |
| Asbury Park | city | 15,295 | 26 | Wholly in this county |
| West Freehold | CDP | 14,883 | None recorded | Wholly in this county |
| Eatontown | borough | 13,575 | 37 | Wholly in this county |
| Red Bank | borough | 12,862 | 49 | Wholly in this county |
| Freehold | borough | 12,507 | 105 | Wholly in this county |
| Robertsville | CDP | 12,035 | None recorded | Wholly in this county |
| Keansburg | borough | 9,719 | 12 | Wholly in this county |
| Matawan | borough | 9,710 | 30 | Wholly in this county |
| West Long Branch | borough | 8,586 | 13 | Wholly in this county |
| Yorketown | CDP | 7,261 | None recorded | Wholly in this county |
| Rumson | borough | 7,241 | 8 | Wholly in this county |
| Keyport | borough | 7,171 | 15 | Wholly in this county |
| Lincroft | CDP | 6,939 | 14 | Wholly in this county |
| Strathmore | CDP | 6,708 | None recorded | Wholly in this county |
| Ramtown | CDP | 6,203 | None recorded | Wholly in this county |
| Oceanport | borough | 6,195 | 8 | Wholly in this county |
| Fair Haven | borough | 6,170 | 7 | Wholly in this county |
| Little Silver | borough | 6,105 | 7 | Wholly in this county |
| Manasquan | borough | 5,922 | 20 | Wholly in this county |
| Morganville | CDP | 5,902 | 39 | Wholly in this county |
| Belmar | borough | 5,869 | 11 | Wholly in this county |
| Union Beach | borough | 5,707 | 2 | Wholly in this county |
| East Freehold | CDP | 5,096 | None recorded | Wholly in this county |
| Brielle | borough | 4,956 | 3 | Wholly in this county |
| Spring Lake Heights | borough | 4,861 | None recorded | Wholly in this county |
| Neptune City | borough | 4,606 | 38 | Wholly in this county |
| Highlands | borough | 4,518 | 4 | Wholly in this county |
| Atlantic Highlands | borough | 4,410 | 9 | Wholly in this county |
| Wanamassa | CDP | 4,279 | None recorded | Wholly in this county |
| Shrewsbury | borough | 4,179 | 12 | Wholly in this county |
| Bradley Beach | borough | 4,158 | 8 | Wholly in this county |
| Fairview | CDP | 3,892 | None recorded | Wholly in this county |
| Oakhurst | CDP | 3,538 | 12 | Wholly in this county |
| Monmouth Beach | borough | 3,207 | 1 | Wholly in this county |
| Ocean Grove | CDP | 3,092 | 4 | Wholly in this county |
| Cliffwood Beach | CDP | 3,056 | None recorded | Wholly in this county |
| Port Monmouth | CDP | 3,046 | 5 | Wholly in this county |
| North Middletown | CDP | 3,035 | None recorded | Wholly in this county |
| Shark River Hills | CDP | 2,974 | None recorded | Wholly in this county |
| West Belmar | CDP | 2,862 | None recorded | Wholly in this county |
| Spring Lake | borough | 2,779 | 7 | Wholly in this county |
| Leonardo | CDP | 2,493 | 6 | Wholly in this county |
| Avon-by-the-Sea | borough | 2,030 | 3 | Wholly in this county |
| Englishtown | borough | 1,989 | 30 | Wholly in this county |
| Sea Girt | borough | 1,980 | 3 | Wholly in this county |
| Navesink | CDP | 1,867 | None recorded | Wholly in this county |
| Sea Bright | borough | 1,718 | 1 | Wholly in this county |
| Allentown | borough | 1,702 | 9 | Wholly in this county |
| Belford | CDP | 1,636 | 7 | Wholly in this county |
| Lake Como | borough | 1,619 | 3 | Wholly in this county |
| Farmingdale | borough | 1,449 | 22 | Wholly in this county |
| Roosevelt | borough | 996 | 2 | Wholly in this county |
| Interlaken | borough | 939 | None recorded | Wholly in this county |
| Allenwood | CDP | 757 | 2 | Wholly in this county |
| Cream Ridge | CDP | 727 | 2 | Wholly in this county |
| Deal | borough | 686 | 4 | Wholly in this county |
| Allenhurst | borough | 376 | None recorded | Wholly in this county |
| Loch Arbour | village | 185 | None recorded | Wholly in this county |
A further 353 of the county's 1,007 SBA 7(a) approvals are to borrowers in cities that match no Census place in Monmouth County, the largest being Howell (52), Manalapan (37), Holmdel (31). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
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