HomeNew JerseyMonmouth County
Monmouth County, New Jersey: commercial real estate data.
Monmouth County, New Jersey has a population of 645,353 across 469 square miles, up 0.6 percent since the 2020 census base. 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.
123 sourced county values · tier FULL · 11 sections
Monmouth County
How many people live in Monmouth County
- Population645,353
- 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-equivalents109th
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 an affordable ownership market 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 growing
- Population change since the 2020 census base0.62 percent
- Census 2020 base population643,522
- 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
The county has grown 0.62 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Monmouth County
Where people moving to Monmouth County come from
- Tax returns filed by households arriving14,202
- People arriving, from those returns24,302
- Adjusted gross income arriving$1.97 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$138,672
- Largest single originMonmouth County Non-migrants (256,196 households)
- Largest single destination (256,196 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Monmouth County Non-migrants | 256,196 | 516,307 | $40.60 bn |
| Ocean County | 2,213 | 3,724 | $200.9 m |
| Middlesex County | 2,010 | 3,498 | $225.8 m |
| Other flows - Different State | 1,744 | 2,735 | $180.4 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 |
| Other flows - South | 857 | 1,350 | $75.8 m |
The largest single source of arrivals is Monmouth County Non-migrants, 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 the Monmouth County economy runs on
- 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 New Jersey counties8th
- Rank by GDP among US county-equivalents113th
- 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
Who employs people in Monmouth County
- Covered employment, annual average274,000
- Establishments reporting21,968
- Average annual pay$70,560
- Average weekly wage$1,357
- Sector 62, employment54,652
- Sector 62, average annual pay$74,024
- Sector 44-45, employment36,002
- Sector 44-45, average annual pay$41,825
- Sector 72, employment29,622
- Sector 72, average annual pay$30,271
- Sector 54, employment19,180
- Sector 54, average annual pay$119,406
- Sector 23, employment16,335
- Sector 56, employment14,050
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 54,652 | 3,755 | $74,024 |
| Sector 44-45 | 36,002 | 2,369 | $41,825 |
| Sector 72 | 29,622 | 1,825 | $30,271 |
| Sector 54 | 19,180 | 2,691 | $119,406 |
| Sector 23 | 16,335 | 1,912 | $90,053 |
| Sector 56 | 14,050 | 1,337 | $64,862 |
| Sector 81 | 12,009 | 1,903 | $42,324 |
| Sector 31-33 | 9,334 | 522 | $73,670 |
The largest sector is the biggest private employer group at 54,652 jobs, 19.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Monmouth County
What businesses operate 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.
US Census Bureau, County Business Patterns, 2023.
Monmouth County
What is being built in Monmouth County
- Housing units authorised by permit, 20242,782
- Declared construction value permitted$569.0 m
- Single family units authorised2,151
- Multifamily units authorised631
- Multifamily share of units22.7 percent
- Average declared value per unit$204,518
- Units authorised per 1,000 households11.1
Multifamily is 22.7 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Monmouth County
How much SBA lending happens in Monmouth County
- 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$1,370,700
- 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$687,000
- Distinct CDCs active5
- 504 jobs per approval13.7
- 504 jobs per million dollars approved10.2
- Most active CDCTrenton Business Assistance Corporation (100)
- 7(a) share of SBA approvals87.2 percent
- Combined SBA approval dollars$712.3 m
The average approval of $510,232 sits well above the median of $200,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually 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
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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monmouth County
Which parts of Monmouth County get the lending
- Places in the county with recorded lending77
- Freehold, approvals105
- Howell, approvals52
- RED BANK, approvals49
- MORGANVILLE, approvals39
- MANALAPAN, approvals37
- Eatontown, approvals37
| Place | 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 |
| MANALAPAN | 37 | $18,500,200 |
| Eatontown | 37 | $13,979,900 |
| NEPTUNE | 36 | $28,540,300 |
| Holmdel | 31 | $24,987,300 |
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 big 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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population645,353
- 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?
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 growing?
The population has grown 0.62 percent since the 2020 census base. 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 there 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 the average wage in Monmouth County?
Average annual pay is $70,560, or $1,357 a week, across 274,000 covered jobs. 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 totalling $513.8 m since FY2020, across 106 lenders, with a median approval of $200,000, plus 148 504 approvals worth $198.5 m. 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.
What is being built in Monmouth County?
2,782 housing units were authorised 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 Monmouth County Non-migrants, with 256,196 households. Arriving households report an average income of $138,672 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.