What is the median household income in Colts Neck Township, NJ?
The median household income in Colts Neck Township, NJ is $199,573 (±$33,573) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,777 a month would take about $111,100 a year at the common guideline of spending no more than 30% of income on rent.
In Colts Neck Township, the median household income went from $176,280 in 2015–2019 to $199,573 in 2020–2024 (+13.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $199,573 (±$33,573)
- Income to afford median rent
- about $111,100
Income in Colts Neck Township against Monmouth County, its state and the nation
| Colts Neck Township | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $199,573 (±$33,573) | $124,845 (±$2,115) | $103,556 (±$513) | $80,734 |
| Median renter household income | — | $62,592 (±$3,372) | $62,674 (±$718) | $52,966 |
| Median owner household income | $201,346 (±$32,571) | $151,807 (±$2,620) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,777 (±$456) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
In Colts Neck Township, median household income is higher than in Monmouth County ($124,845).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Monmouth County, Colts Neck Township ranks 7 of 53 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 47 of 561.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Colts Neck Township
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,777 a month ($33,324 a year) needs an income of about $111,100 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $176,280 (±$27,400) | $199,573 (±$33,573) | +13.2% | No measurable change after inflation |
| Median gross rent | $1,763 (±$386) | $2,777 (±$456) | +57.5% | No measurable change after inflation |
| Median home value | $801,500 (±$38,209) | $917,200 (±$49,180) | +14.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Colts Neck Township
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Colts Neck Township | — | $199,573 (±$33,573) | — |
| Lincroft | 3.4 mi | $189,000 (±$30,358) | Not measurably different |
| East Freehold | 4.0 mi | $189,219 (±$37,511) | Not measurably different |
| Tinton Falls Borough | 4.2 mi | $117,308 (±$15,793) | Lower |
| Shrewsbury Township | 5.3 mi | $81,429 (±$11,371) | Lower |
| Holmdel Township | 5.6 mi | $165,013 (±$25,556) | Not measurably different |
| Marlboro Township | 5.8 mi | $186,292 (±$13,125) | Not measurably different |
| Eatontown Borough | 6.0 mi | $90,463 (±$15,628) | Lower |
| Freehold Borough | 6.1 mi | $85,707 (±$17,460) | Lower |
Nearby places with a measurably lower figure: Tinton Falls Borough, NJ ($117,308), Shrewsbury Township, NJ ($81,429), Eatontown Borough, NJ ($90,463).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Monmouth County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 (tie) | Fair Haven Borough | $250,000 or more |
| 1 (tie) | Rumson Borough | $250,000 or more |
| 3 | Little Silver Borough | $240,853 (±$34,724) |
| 4 | Millstone Township | $218,472 (±$57,387) |
| 5 | Spring Lake Borough | $215,625 (±$84,140) |
| 6 | Sea Girt Borough | $213,750 (±$53,445) |
| 7 | Colts Neck Township | $199,573 (±$33,573) |
| 8 | Interlaken Borough | $199,167 (±$27,343) |
| 9 | Marlboro Township | $186,292 (±$13,125) |
| 10 | Upper Freehold Township | $183,750 (±$40,799) |
| 11 | Shrewsbury Borough | $178,958 (±$37,285) |
| 12 | Brielle Borough | $172,250 (±$15,674) |
| 13 | Holmdel Township | $165,013 (±$25,556) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Colts Neck Township
What is the median household income in Colts Neck Township?
The median household income in Colts Neck Township is $199,573 (±$33,573) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Colts Neck Township?
About $111,100 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,777 a month.
Have incomes in Colts Neck Township kept up with inflation?
In Colts Neck Township, the median household income went from $176,280 in 2015–2019 to $199,573 in 2020–2024 (+13.2%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Colts Neck township, Monmouth County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Colts Neck township, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Colts Neck township, Monmouth County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Colts Neck township, Monmouth County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Colts Neck township, Monmouth County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Colts Neck township, Monmouth County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Colts Neck township, Monmouth County, New Jersey (county subdivision:14560, in state:34 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Colts Neck Township
- Home values in Colts Neck Township
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- Population growth in Colts Neck Township
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- Crowding and facilities in Colts Neck Township
- Fair Market Rent in Colts Neck Township
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey