A small town in New Jersey, Morganville has approximately 5,000 residents. Young adults (15-24) account for a larger portion of the population here (18%) than nationally (14%), meaning they will find a surplus of peers, while young professionals figure less prominently in the demographics. Overall, the town's population, at an average age of just over 36, is decidedly younger than most cities in New Jersey. Only 8% of residents rent in Morganville, as home ownership is common in the area. With an average rent of $2,198 a month, exceeding the state average by $926 per month, relatively high rent costs may be playing a role in the higher levels of ownership.
Morganville's average commute time ranks as the longest in New Jersey at about 56 minutes, highest in the state. Driving a vehicle is the typical way to get to work, selected by 34% of workers, while public transit is used by just 12% of the town. A small percentage of commuters walk to work.
There are four primary industries in Morganville: scientific, finance, retail, and healthcare. Together, these industries make up 27% of the labor force in the town. Meanwhile, looking at job function, many workers in these industries are in management, making it the top career path in the town. With an average annual income of just over $152,000, Morganville workers take home more than their peers elsewhere in New Jersey. Morganville's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Morganville has a high percentage of residents over the age of 25 with advanced degrees, as 16% possess a Master's degree or a Doctorate. Further, 18% have a Bachelor's degree, which also outpaces the national average.
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