What is the median household income in Fair Haven Borough, NJ?
The median household income in Fair Haven Borough, NJ is $250,000 or more a year (2020–2024 American Community Survey).
Paying the median gross rent of $3,492 a month would take about $139,700 a year at the common guideline of spending no more than 30% of income on rent.
Figures last updated on .
- Median household income
- $250,000 or more
- Median renter income
- $250,000 or more
- Income to afford median rent
- about $139,700
Income in Fair Haven Borough against Monmouth County, its state and the nation
| Fair Haven Borough | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $250,000 or more | $124,845 (±$2,115) | $103,556 (±$513) | $80,734 |
| Median renter household income | $250,000 or more | $62,592 (±$3,372) | $62,674 (±$718) | $52,966 |
| Median owner household income | $250,000 or more | $151,807 (±$2,620) | $133,477 (±$624) | $100,009 |
| Median gross rent | $3,492 (±$612) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
How much you need to earn to rent in Fair Haven Borough
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 $3,492 a month ($41,904 a year) needs an income of about $139,700 a year.
The median renting household in Fair Haven Borough earns $250,000 or more 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 gross rent | $2,288 (±$1,401) | $3,492 (±$612) | +52.6% | No measurable change after inflation |
| Median home value | $731,900 (±$32,021) | $992,200 (±$66,905) | +35.6% | Up 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 Fair Haven Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Fair Haven Borough | — | $250,000 or more | — |
| Red Bank Borough | 1.7 mi | $97,477 (±$12,660) | — |
| Little Silver Borough | 1.7 mi | $240,853 (±$34,724) | — |
| Rumson Borough | 1.8 mi | $250,000 or more | — |
| Fairview | 2.2 mi | $165,135 (±$42,367) | — |
| Shrewsbury Borough | 2.6 mi | $178,958 (±$37,285) | — |
| Navesink | 2.7 mi | $151,557 (±$66,516) | — |
| Oceanport Borough | 3.3 mi | $126,094 (±$28,756) | — |
| Monmouth Beach Borough | 3.3 mi | $150,188 (±$43,950) | — |
None of the nearby places differs measurably from this one on this figure.
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) |
Showing 7 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 Fair Haven Borough
What is the median household income in Fair Haven Borough?
The median household income in Fair Haven Borough is $250,000 or more a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Fair Haven Borough?
About $139,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $3,492 a month.
What do renters earn in Fair Haven Borough?
The median renting household in Fair Haven Borough, NJ earns $250,000 or more a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Fair Haven borough, Monmouth County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Fair Haven borough, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Fair Haven borough, Monmouth County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Fair Haven borough, Monmouth County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Fair Haven borough, Monmouth County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Fair Haven borough, 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 Fair Haven borough, Monmouth County, New Jersey (county subdivision:22440, 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
- Housing in Fair Haven Borough at a glance
- Median rent in Fair Haven Borough
- Home values in Fair Haven Borough
- Homeowner costs in Fair Haven Borough
- Property taxes in Fair Haven Borough
- Types of homes in Fair Haven Borough
- Bedrooms in Fair Haven Borough
- Age of homes in Fair Haven Borough
- Heating fuel in Fair Haven Borough
- Commute and cars in Fair Haven Borough
- Crime reported to police in Fair Haven Borough
- Population growth in Fair Haven Borough
- How long people stay in Fair Haven Borough
- Fair Market Rent in Fair Haven Borough
- 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