What is the median household income in Montvale Borough, NJ?
The median household income in Montvale Borough, NJ is $178,269 (±$20,952) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,053 a month would take about $82,100 a year at the common guideline of spending no more than 30% of income on rent.
In Montvale Borough, the median household income went from $146,708 in 2015–2019 to $178,269 in 2020–2024 (+21.5%).
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
- $178,269 (±$20,952)
- Median renter income
- $72,557 (±$17,779)
- Income to afford median rent
- about $82,100
Income in Montvale Borough against Bergen County, its state and the nation
| Montvale Borough | Bergen County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $178,269 (±$20,952) | $124,884 (±$1,735) | $103,556 (±$513) | $80,734 |
| Median renter household income | $72,557 (±$17,779) | $74,953 (±$1,923) | $62,674 (±$718) | $52,966 |
| Median owner household income | $215,401 (±$31,369) | $160,914 (±$2,251) | $133,477 (±$624) | $100,009 |
| Median gross rent | $2,053 (±$443) | $1,914 (±$21) | $1,720 (±$7) | $1,413 |
In Montvale Borough, median household income is higher than in Bergen County ($124,884).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Bergen County, Montvale Borough ranks 22 of 69 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 72 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 Montvale 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 $2,053 a month ($24,636 a year) needs an income of about $82,100 a year.
The median renting household in Montvale Borough earns $72,557 a year, less than that.
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 | $146,708 (±$22,729) | $178,269 (±$20,952) | +21.5% | No measurable change after inflation |
| Median gross rent | $1,833 (±$726) | $2,053 (±$443) | +12.0% | No measurable change after inflation |
| Median home value | $619,400 (±$30,228) | $709,700 (±$46,760) | +14.6% | 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 Montvale Borough
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Montvale Borough | — | $178,269 (±$20,952) | — |
| Park Ridge Borough | 1.3 mi | $171,029 (±$21,993) | Not measurably different |
| Village of Chestnut Ridge | 2.1 mi | $111,725 (±$10,587) | Lower |
| Woodcliff Lake Borough | 2.1 mi | $213,981 (±$52,635) | Not measurably different |
| Pearl River | 2.1 mi | $145,063 (±$14,866) | Lower |
| Upper Saddle River Borough | 2.8 mi | $250,000 or more | — |
| Saddle River Borough | 3.2 mi | $212,143 (±$97,827) | Not measurably different |
| Nanuet | 3.3 mi | $117,167 (±$13,450) | Lower |
| Hillsdale Borough | 3.3 mi | $186,688 (±$22,020) | Not measurably different |
Nearby places with a measurably lower figure: Village of Chestnut Ridge, NY ($111,725), Pearl River, NY ($145,063), Nanuet, NY ($117,167).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Bergen County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 16 | Wyckoff Township | $203,988 (±$20,759) |
| 17 | Closter Borough | $190,469 (±$40,179) |
| 18 | Hillsdale Borough | $186,688 (±$22,020) |
| 19 | Harrington Park Borough | $180,500 (±$28,528) |
| 20 | Washington Township (Bergen County) | $180,133 (±$19,564) |
| 21 | Norwood Borough | $178,311 (±$20,365) |
| 22 | Montvale Borough | $178,269 (±$20,952) |
| 23 | Waldwick Borough | $177,962 (±$23,550) |
| 24 | Park Ridge Borough | $171,029 (±$21,993) |
| 25 | Cresskill Borough | $170,376 (±$7,724) |
| 26 | Westwood Borough | $165,781 (±$25,680) |
| 27 | Oakland Borough | $162,019 (±$15,337) |
| 28 | Ramsey Borough | $160,996 (±$22,685) |
Showing 13 of 69 places in Bergen 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 Montvale Borough
What is the median household income in Montvale Borough?
The median household income in Montvale Borough is $178,269 (±$20,952) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Montvale Borough?
About $82,100 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,053 a month.
Have incomes in Montvale Borough kept up with inflation?
In Montvale Borough, the median household income went from $146,708 in 2015–2019 to $178,269 in 2020–2024 (+21.5%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Montvale Borough?
The median renting household in Montvale Borough, NJ earns $72,557 (±$17,779) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Montvale borough, Bergen County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Montvale borough, Bergen County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montvale borough, Bergen County, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Montvale borough, Bergen County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Montvale borough, Bergen County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Montvale borough, Bergen 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 Montvale borough, Bergen County, New Jersey (county subdivision:47610, in state:34 county:003).
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 Montvale Borough
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- Renters and owners in Montvale Borough
- Home values in Montvale Borough
- Homeowner costs in Montvale Borough
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- Types of homes in Montvale Borough
- Bedrooms in Montvale Borough
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- Crime reported to police in Montvale Borough
- Population growth in Montvale Borough
- How long people stay in Montvale Borough
- Crowding and facilities in Montvale Borough
- Fair Market Rent in Montvale Borough
- New Jersey landlord and tenant rules
- Housing across Bergen County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey