Hoboken, NJ Local Data & Statistics

State: NJ

Total population: 58,668 Household income: $180,579 Rent: $2,938

Overview

Total population

58,668

Rent

$2,938

Year built

1977

Household income

$180,579

Per capita income

$109,360

Poverty rate

7.8%

Unemployment rate

2.4%

Household size

2.0 persons

Rent over 30% of income

31.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available, with the exception of the unemployment rate, which is sourced from the Bureau of Labor Statistics (BLS). ACS 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

New Jersey

Total population

58,668

Adults over 25

44,004

Total households

28,088

Household size

2.0 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Income & Poverty

Household income

$180,579

Per capita income

$109,360

Poverty rate

7.8%

Unemployment rate

2.4%

Rent over 30% of income

31.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Housing

Rent

$2,938

Year built

1977

Households that rent

66.2%

Households that own

33.8%

Rooms per home (all homes)

3.5

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Race

White

68.4%

Black

4.4%

Asian

12.7%

Two or more races

12.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Ethnicity

Hispanic or Latino

13.4%

Not Hispanic or Latino

86.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Commute

Commute rate

63.3%

Commute time to work

37 mins

Work from home

36.7%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Education

Less than high school

7.8%

High school graduate or GED

6.8%

Some college or associate degree

2.9%

Bachelor’s degree or higher

82.6%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

Comparison of Hoboken, NJ with: New Jersey United States

Hoboken, NJ

Total population58,668

Rent$2,938

Year built1977

Household income$180,579

Per capita income$109,360

Poverty rate7.8%

Unemployment rate2.4%

New Jersey State

Total population9,343,809

Rent$1,720

Year built1970

Household income$103,556

Per capita income$54,253

Poverty rate9.7%

Unemployment rate4.5%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	CityHoboken, NJ	StateNew Jersey	CountryUnited States
Total population	58,668	9,343,809	334,922,499
Rent	$2,938	$1,720	$1,413
Year built	1977	1970	1980
Household income	$180,579	$103,556	$80,734
Per capita income	$109,360	$54,253	$44,673
Poverty rate	7.8%	9.7%	12.5%
Unemployment rate	2.4%	4.5%	4%

View the complete comparison of Hoboken, NJ, New Jersey and United States →

Summary for Hoboken, NJ

Hoboken is located in New Jersey.

Rent & Income

In Hoboken, the typical monthly rent is $2,938 and the typical household income is $180,579. Rent here is higher than in both New Jersey and the U.S., and household income is also higher than in both. The estimated poverty rate is 7.8%, which is lower than in both New Jersey and national.

Housing & Affordability

Renters make up about 66.2% of households, making this a predominantly renter area. Around 31.9% of renters are cost-burdened, indicating a moderate level of rent pressure.

Education & Employment

Educational attainment is very high, with about 82.6% of adults holding a bachelor’s degree or higher. The local unemployment rate is 2.4%, which is lower than both New Jersey and the national rate.

Hoboken, NJ — Rent vs Household Income

Hoboken, NJ — Poverty vs Unemployment

How Hoboken, NJ compares in New Jersey (17 places)

Metric	This place	Rank	Starts from	Statewide range
Rent	$2,938	17 / 17	from lower rent	$1,226 – $2,938
Household income	$180,579	1 / 17	from higher income	$40,546 – $180,579
Poverty rate	7.8%	1 / 17	from lower poverty	7.8% – 32%
Unemployment rate	2.4%	1 / 17	from lower unemployment	2.4% – 8.6%

Rankings are calculated among cities and communities in New Jersey with total population > 50,000 (year 2024).

Detailed Ranking Explanation for Hoboken, NJ

Rent

In rent comparisons, Hoboken comes in 17th out of 17 large places. Across New Jersey, rents vary from $1,226 in Camden, NJ to $2,938 in Hoboken, NJ.

Household income

Looking at household income, Hoboken places 1st out of 17 significant areas. Incomes across New Jersey range between $40,546 in Camden, NJ and $180,579 in Hoboken, NJ.

Poverty rate

Poverty levels put Hoboken in 1st place among 17 significant areas. Across New Jersey, poverty ranges between 7.8% and 32%.

Unemployment rate

Unemployment levels put Hoboken in 1st place among 17 large places. Statewide unemployment spans from 2.4% in Hoboken, NJ to 8.6% in Camden, NJ.

💰 Rent in Hoboken, NJ (with Utilities)

Estimated Monthly Rent: $2,938 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing, including the apartment or home and essential utilities such as heat, water, and electricity. Even when utilities are billed separately, an estimated average cost for utilities is included, in line with the U.S. Census Bureau’s (ACS) definition of gross rent.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in Hoboken, NJ

Annual Household Income: $180,579

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in this area — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in Hoboken, NJ

Estimated Rate: 7.8%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in Hoboken, NJ

In Hoboken, NJ, households that rent: 18,607 (66.2%)

📊 What does the renter household percentage reveal about this area?

Household Type	Count	Share
Renter-Occupied	18,607	66.2%
Owner-Occupied	9,481	33.8%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in Hoboken, NJ

In Hoboken, NJ, cost-burdened renters (households spending over 30% of income on housing): 5,929 (31.9%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	5,929	31.9%
Other renter households	12,678	68.1%
Total renter households	18,607	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in this area are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in Hoboken, NJ

Less than High School: 3,414 people (7.8%)

Includes adults who did not complete high school.

High School Graduate or GED: 2,972 people (6.8%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 1,261 people (2.9%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 36,357 people (82.6%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 44,004

📊 Unemployment Rate in Hoboken, NJ

Estimated Rate: 2.4%

💡 What does Unemployment Rate mean?

Definition: The unemployment rate is the percentage of people in the labor force who do not have a job but are actively looking for one.

Labor Force = Employed + Unemployed (aged 16+ and actively participating in the workforce).

Formula: (Unemployed ÷ Labor Force) × 100

Does NOT include: People who are retired, students not looking for work, homemakers, or otherwise not seeking employment.

Example: If there are 1000 people in the labor force and 80 are unemployed, then the unemployment rate is 8%.

Similar Population

Burlington, NC58,599 Casper, WY58,754 Hempstead, NY58,569 Gilroy, CA58,561 Terre Haute, IN58,491 Grand Forks, ND58,882 Cupertino, CA58,886 Margate, FL58,418 Springfield, OH58,410 Carson City, NV58,364

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.