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The total population of Matawan is estimated to be 9,546 with 5,081 males (53.23%) and 4,465 females (46.77%). There are 616 less females than males in Matawan.
The median household income in Matawan was $124,343 in 2021, which marked an an increase of 1,684(1.37%) from $122,659 in 2020. This income is 166.67% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Matawan sees its highest median household income among householders in the age group of 45 to 64 years old, at $130,808. Overall, the median household income for the borough of Matawan stands at $124,343.
In Matawan, the median income for all workers aged 15 years and older, regardless of work hours, was $56,661 for males and $41,221 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $81,391 for males and $64,609 for females.
In Matawan, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $155,978, while White households represent the opposite end with the lowest median household income of $120,374.
In 2022, the population of Matawan was 9,601, a 0.64% decrease year-by-year from 2021. Previously, in 2021, Matawan's population was 9,663, an increase of 1.22% compared to a population of 9,547 in 2020.
The median age in Matawan, NJ is 37.5, as per 2021 ACS 5-Year Estimates. Of the total population, 18.23% were under the age of 15, 18.12% aged 15 to 29, 51.17% aged 30 to 64, 11.44% aged 65 to 84, and 1.04% were 85 years of age and older.
Racial distribution of Matawan population: 75.12% are White, 13.48% are Black or African American, 0.13% are American Indian and Alaska Native, 3.73% are Asian, 0.75% are some other race and 6.79% are multiracial.