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The total population of Montvale is estimated to be 8,413 with 4,025 males (47.84%) and 4,388 females (52.16%). There are 363 more females than males in Montvale.
The median household income in Montvale was $176,372 in 2021, which marked an a decrease of 446(0.25%) from $176,818 in 2020. This income is 236.40% 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, Montvale sees its highest median household income among householders in the age group of 45 to 64 years old, at $196,250. Overall, the median household income for the borough of Montvale stands at $176,372.
In Montvale, the median income for all workers aged 15 years and older, regardless of work hours, was $94,150 for males and $36,144 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $144,339 for males and $101,947 for females.
In Montvale, there are just three different racial groups among households. Among these, Two or More Races households report a median household income of $250,321, followed by White households at $175,771, and Asian households with a median household income of $152,003.
In 2022, the population of Montvale was 8,428, a 0.22% decrease year-by-year from 2021. Previously, in 2021, Montvale's population was 8,447, an increase of 0.14% compared to a population of 8,435 in 2020.
The median age in Montvale, NJ is 43.1, as per 2021 ACS 5-Year Estimates. Of the total population, 17.38% were under the age of 15, 15.31% aged 15 to 29, 47.66% aged 30 to 64, 17.18% aged 65 to 84, and 2.47% were 85 years of age and older.
Racial distribution of Montvale population: 75.54% are White, 2.54% are Black or African American, 15.17% are Asian, 1.20% are some other race and 5.55% are multiracial.