Hoboken, NJ

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Population

54,117

1.85% growth

Median Age

31.8


Median Household Income

$127,523

7.63% growth

Poverty Rate

10.4%


Number of Employees

35,936

1.57% growth

Median Property Value

$652,200

4.97% growth

About

Economy

Health

Diversity

Education

Housing & Living

About

In 2017, Hoboken, NJ had a population of 54.1k people with a median age of 31.8 and a median household income of $127,523. Between 2016 and 2017 the population of Hoboken, NJ grew from 53,136 to 54,117, a 1.85% increase and its median household income grew from $118,479 to $127,523, a 7.63% increase.

The population of Hoboken, NJ is 70.6% White Alone, 16.2% Hispanic or Latino, and 9.22% Asian Alone. N/A% of the people in Hoboken, NJ speak a non-English language, and 90.8% are U.S. citizens.

The largest universities in Hoboken, NJ are Stevens Institute of Technology (2,729 degrees awarded in 2017).

The median property value in Hoboken, NJ is $652,200, and the homeownership rate is 32.6%. Most people in Hoboken, NJ commute by Public Transit, and the average commute time is 37.7 minutes. The average car ownership in Hoboken, NJ is 1 car per household.

Photo by rowensphotography

United StatesNew JerseyHudson County, NJNew York-Newark-Jersey City, NY-NJ-PAJersey City (North) PUMA, NJUnion City & Hoboken Cities PUMA, NJ

Economy

The economy of Hoboken, NJ employs 35.9k people. The largest industries in Hoboken, NJ are Professional, Scientific, & Technical Services (8,114 people), Finance & Insurance (7,379 people), and Educational Services (2,722 people), and the highest paying industries are Finance & Insurance ($120,729), Finance & Insurance, & Real Estate & Rental & Leasing ($110,556), and Utilities ($105,714).

Median household income in Hoboken, NJ is $127,523. Males in Hoboken, NJ have an average income that is 1.38 times higher than the average income of females, which is $61,412. The income inequality in Hoboken, NJ (measured using the Gini index) is 0.493, which is higher than than the national average.

Wages

Median Household Income

$127,523

2017 value

± $4,550

7.63%

1 Year Growth

± 5.41%

Households in Hoboken, NJ have a median annual income of $127,523, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $118,479 in 2016, which represents a 7.63% annual growth.

Look at the chart to see how the median household income in Hoboken, NJ compares to that of it's neighboring and parent geographies.

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Wage by Gender in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

$84,632

Average Male Salary

± $1,612

$61,412

Average Female Salary

± $1,170

In 2017, full-time male employees in New Jersey made 1.38 times more than female employees.

This chart shows the gender-based wage disparity in the 5 most common occupations in New Jersey by number of full-time employees.

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Wage by Race and Ethnicity in Common Jobs

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Highest Average Salaries by Race & Ethnicity

  1. Asian

    $79,679 ± $3,060

  2. White

    $67,619 ± $1,158

  3. Native Hawaiian and Other Pacific Islander

    $52,154 ± $45,004

In 2017 the highest paid race/ethnicity of New Jersey workers was Asian. These workers were paid 1.18 times more than White workers, who made the second highest salary of any race/ethnicity.

This chart shows the race- and ethnicity-based wage disparities in the 5 most common occupations in New Jersey by number of full-time employees.

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Wage Distribution

The closest comparable wage GINI for Hoboken, NJ is from New Jersey.

0.493

2017 Wage GINI

0.491

2016 Wage GINI

In 2017, the income inequality in New Jersey was 0.493 according to the GINI calculation of the wage distribution. Income inequality had a 0.437% growth from 2016 to 2017, which means that wage distribution grew somewhat less even.

The 2017 the GINI for New Jersey was higher than than the national average of 0.479. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

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Income by Location

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Highest Median Household Income (Total)

  1. Census Tract 183.02

  2. Census Tract 183.01

  3. Census Tract 192

In 2017, the place with the highest Median Household Income (Total) in Hoboken, NJ was Census Tract 183.02 with a value of $233,162, followed by Census Tract 183.01 and Census Tract 192, with respective values of $227,396 and $195,433.

The following map shows all of the places in Hoboken, NJ colored by their Median Household Income (Total).

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Poverty by Age and Gender

Males 18 - 24

Largest Demographic Living in Poverty

10.4% of the population for whom poverty status is determined in Hoboken, NJ (5.47k out of 52.7k people) live below the poverty line, a number that is lower than the national average of 13.1%. The largest demographic living in poverty are Males 18 - 24, followed by Males 25 - 34 and then Females 18 - 24.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Poverty by Race and Ethnicity

Largest Race or Ethnicity Living in Poverty

  1. White

    3,899 ± 620

  2. Hispanic

    2,474 ± 462

  3. Asian

    607 ± 248

The most common racial or ethnic group living below the poverty line in Hoboken, NJ is White, followed by Hispanic and Asian.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

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Occupations

Employment by Occupations

35.9k

2017 Value

± 1,284

1.57%

1 Year growth

± 5.06%

From 2016 to 2017, employment in Hoboken, NJ grew at a rate of 1.57%, from 35.4k employees to 35.9k employees.

The most common job groups, by number of people living in Hoboken, NJ, are Management Occupations (7,194 people), Business & Financial Operations Occupations (6,666 people), and Sales & Related Occupations (5,187 people). This chart illustrates the share breakdown of the primary jobs held by residents of Hoboken, NJ.

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Most Common

The most common jobs held by residents of Hoboken, NJ, by number of employees, are Management Occupations (7,194 people), Business & Financial Operations Occupations (6,666 people), and Sales & Related Occupations (5,187 people).

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Most Specialized

Compared to other places, Hoboken, NJ has an unusually high number of residents working as Legal Occupations (3.85 times higher than expected), Business & Financial Operations Occupations (3.78 times), and Arts, Design, Entertainment, Sports, & Media Occupations (2.4 times).

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Highest Paid

The highest paid jobs held by residents of Hoboken, NJ, by median earnings, are Management Occupations ($117,813), Legal Occupations ($108,056), and Management, Business, & Financial Occupations ($104,108).

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Industries

Employment by Industries

35.9k

2017 Value

± 1,284

1.57%

1 Year growth

± 5.06%

From 2016 to 2017, employment in Hoboken, NJ grew at a rate of 1.57%, from 35.4k employees to 35.9k employees.

The most common employment sectors for those who live in Hoboken, NJ, are Professional, Scientific, & Technical Services (8,114 people), Finance & Insurance (7,379 people), and Educational Services (2,722 people). This chart shows the share breakdown of the primary industries for residents of Hoboken, NJ, though some of these residents may live in Hoboken, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

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Most Common

The most common industries in Hoboken, NJ, by number of employees, are Professional, Scientific, & Technical Services (8,114 people), Finance & Insurance (7,379 people), and Educational Services (2,722 people).

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Most Specialized

Compared to other places, Hoboken, NJ has an unusually high number of Finance & Insurance (4.39 times higher than expected), Information (3.46 times), and Professional, Scientific, & Technical Services (3.22 times) industries.

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Highest Paying

The highest paying industries in Hoboken, NJ, by median earnings, are Finance & Insurance ($120,729), Finance & Insurance, & Real Estate & Rental & Leasing ($110,556), and Utilities ($105,714).

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Domestic Trade

Domestic Production & Consumption

Domestic production and consumption consists of products and services shipped from New Jersey to other states, or from other states to New Jersey.

Top Domestic Production in Dollars

  1. Pharmaceuticals

    $55.9B

  2. Electronics

    $42.1B

  3. Mixed freight

    $38.2B

In 2015, the top outbound New Jersey product (by dollars) was Pharmaceuticals with $55.9B, followed by Electronics ($42.1B) and Mixed freight ($38.2B).

The following chart shows the share of these products in relation to all outbound New Jersey products.

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Domestic Trade Growth

Showing data for New Jersey state.

$517B

2020 Value

$734B

Projected 2045 Value

42% growth

In 2020, total outbound New Jersey trade was $517B. This is expected to increase 42% to $734B by 2045.

The following chart shows how the domestic outbound New Jersey trade is projected to change in comparison to its neighboring states.

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Interstate Trade

Interstate trade consists of products and services shipped from New Jersey to other states, or from other states to New Jersey.

Most Common Trade Partners

  1. New York

    $79.3B

  2. Pennsylvania

    $54.2B

  3. California

    $17.9B

In 2015, the top outbound New Jersey domestic partner for goods and services (by dollars) was New York with $79.3B, followed by Pennsylvania with $54.2B and California and $17.9B.

The following map shows the amount of trade that New Jersey shares with each state (excluding itself).

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Health

96% of the population of Hoboken, NJ has health coverage, with 77.2% on employee plans, 6.53% on Medicaid, 4.63% on Medicare, 7.37% on non-group plans, and 0.288% on military or VA plans.

Per capita personal health care spending in the place of Hoboken, NJ was $8,859 in 2014. This is a 4.91% increase from the previous year ($8,444).

Primary care physicians in Hoboken, NJ see 1184 patients per year on average, which represents a 1.11% increase from the previous year (1171 patients). Compare this to dentists who see 1187 patients per year, and mental health providers who see 534 patients per year.

Comparing across all counties in the state, Salem County has the highest prevalence of diabetes (12.1%). Additionally, Cumberland County has the highest prevalence of adult obesity (34.7%)

Patient to Clinician Ratios

Data is only available at the state level. Showing data for New Jersey.

1,184 to 1

Patient to Primary Care Physician Ratio

Primary care physicians in New Jersey see an average of 1,184 patients per year. This represents a 1.11% increase from the previous year (1,171 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in New Jersey in comparison to neighboring states.

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Behavioral Health Conditions

Data only available at the state level.

State with the Highest Prevalence

  1. West Virginia

    8.26% of the population affected

  2. Arkansas

    8.13% of the population affected

  3. New Hampshire

    7.98% of the population affected

In 2016, West Virginia had the highest prevalence of adults with major depressive episode, with 8.26% of the population affected. The second highest is Arkansas (8.13%), followed by New Hampshire (7.98%).

The following map shows the percent of individuals with major depressive episode by state over multiple years.

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Access and Quality

Data only available at state level.

Most prevalent states

  1. Mississippi

    19.2% of adults

  2. Texas

    17.9% of adults

  3. Louisiana

    17.6% of adults

In 2016, Mississippi had the highest prevalence of adults who haven't seen a doctor in the past 12 months due to cost, at 19.2%. It is followed by Texas (17.9%) and Louisiana (17.6%).

The following map shows the prevalence of adults who haven't seen a doctor in the past 12 months due to cost by state over multiple years.

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Health Care Spending

Data is only available at the state level. Showing data for New Jersey.

$8,859

Total Per Capita Spending on Personal Health Care 

$5,081

Per Enrollee Private Health Insurance Spending on Personal Health Care

$8,049

Per Enrollee Medicaid Spending on Personal Health Care

$12,614

Per Enrollee Medicare Spending on Personal Health Care

Between 2013 and 2014, all personal health care spending per capita in New Jersey (including private, Medicare, and Medicaid) grew 4.91%, from $8,444 to $8,859.

The following chart shows how this spending changed over time in comparison to Medicaid, Medicare, and private insurance spending, per enrollee.

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Health Care Coverage

4.02%

Uninsured

77.2%

Employer Coverage

6.53%

Medicaid

4.63%

Medicare

7.37%

Non-Group

0.288%

Military or VA

Between 2016 and 2017, the percent of uninsured citizens in Hoboken, NJ declined by 15.6% from 4.77% to 4.02%.

The following chart shows how the percent of uninsured individuals in Hoboken, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

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Health Risks

Data available at the county level.

Most at risk counties

  1. Salem County

    12.1% prevalence

  2. Cumberland County

    11.7% prevalence

  3. Atlantic County

    11.7% prevalence

Salem County has the highest prevalence of diabetes in New Jersey, at 12.1%.

The following map shows the prevalence of diabetes in New Jersey by county over multiple years.

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Diversity

Hoboken, NJ is home to a population of 54.1k people, from which 90.8% are citizens. As of 2017, 16.5% of Hoboken, NJ residents were born outside of the country (8.92k people).

The ethnic composition of the population of Hoboken, NJ is composed of 38.2k White Alone residents (70.6%), 8.78k Hispanic or Latino residents (16.2%), 4.99k Asian Alone residents (9.22%), 1.13k Two or More Races residents (2.1%), 968 Black or African American Alone residents (1.79%), 62 Some Other Race Alone residents (0.115%), 6 American Indian & Alaska Native Alone residents (0.0111%), and 1 Native Hawaiian & Other Pacific Islander Alone residents (0.00185%).

Age

Age by Nativity

30

Median Native-Born Age

± 0.4

38

Median Foreign-Born Age

± 1.4

In 2017, the median age of all people in Hoboken, NJ was 31.8. Native-born citizens, with a median age of 30, were generally younger than than foreign-born citizens, with a median age of 38. But people in Hoboken, NJ are getting getting older. In 2016, the average age of all Hoboken, NJ residents was 32.

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Heritage

Foreign-Born Population

16.5%

2017 Foreign-Born Population

8.92k people

16.3%

2016 Foreign-Born Population

8.68k people

As of 2017, 16.5% of Hoboken, NJ residents (8.92k people) were born outside of the United States, which is higher than the national average of 13.7%. In 2016, the percentage of foreign-born citizens in Hoboken, NJ was 16.3%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Hoboken, NJ compared to that of it's neighboring and parent geographies.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

  1. India

    251,165 ± 12,131 people

  2. Dominican Republic

    162,243 ± 9,799 people

  3. Mexico

    124,109 ± 8,589 people

In 2017, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 251,165 New Jersey residents, followed by Dominican Republic with 162,243 and Mexico with 124,109.

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Citizenship

90.8%

2017 Citizenship

91.7%

2016 Citizenship

As of 2017, 90.8% of Hoboken, NJ residents were US citizens, which is lower than the national average of 93.2%. In 2016, the percentage of US citizens in Hoboken, NJ was 91.7%, meaning that the rate of citizenship has been decreasing.

The following chart shows US citizenship percentages in Hoboken, NJ compared to that of it's neighboring and parent geographies.

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Race and Ethnicity

Most Common

  1. White Alone

    38.2k ± 1.02k

  2. Hispanic or Latino

    8.78k ± 1.02k

  3. Asian Alone

    4.99k ± 662

In 2017, there were 4.35 times more White Alone residents (38.2k people) in Hoboken, NJ than any other race or ethnicity. There were 8.78k Hispanic or Latino and 4.99k Asian Alone residents, the second and third most common racial or ethnic groups.

The following bar chart shows the 8 races and ethnicities represented in Hoboken, NJ as a share of the total population.

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Military

Veterans

Most Common Service Period

  1. Gulf War (2001-)

    238 ± 114

  2. Vietnam

    230 ± 84

  3. World War II

    91 ± 57

Hoboken, NJ has a large population of military personnel who served in Gulf War (2001-), 1.03 times greater than any other conflict.

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Education

In 2017, universities in Hoboken, NJ awarded 2,729 degrees. The student population of Hoboken, NJ is skewed towards men, with 4,910 male students and 2,006 female students.

Most students graduating from Universities in Hoboken, NJ are White (790 and 48.6%), followed by Unknown (499 and 30.7%), Asian (221 and 13.6%), and Hispanic or Latino (79 and 4.86%).

The largest universities in Hoboken, NJ by number of degrees awarded are Stevens Institute of Technology (2,729 and 100%).

The most popular majors in Hoboken, NJ are Mechanical Engineering (338 and 12.4%), Systems Engineering (326 and 11.9%), and Computer Science (318 and 11.7%).

The median tuition costs in Hoboken, NJ are $48,784 for private four year colleges, and $N/A and $N/A respectively, for public four year colleges for in-state students and out-of-state students.

Concentrations

Most Common

  1. Computer Science

    268 degrees awarded

  2. Information Technology

    168 degrees awarded

  3. Systems Engineering

    134 degrees awarded

In 2015, the most common concentation for Masters Degree recipients in Hoboken, NJ was Computer Science with 268 degrees awarded.

This visualization illustrates the percentage of students graduating with a Masters Degree from schools in Hoboken, NJ according to their major.

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Universities

Stevens Institute of Technology

Largest Universities by degrees awarded

2,729 degrees awarded

$N/A

Median In-State Public

$48,784

Median Private

In 2017, the Hoboken, NJ institution with the largest number of graduating students was Stevens Institute of Technology with 2,729 degrees awarded.

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Student Gender for Common Institutions

1,953

Degrees Awarded to Men

776

Degrees Awarded to Women

In 2017, 1,953 men were awarded degrees from institutions in Hoboken, NJ, which is 2.52 times more than the 776 female students who received degrees in the same year.

This chart displays the gender disparity between the institutions in Hoboken, NJ by degrees awarded.

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Student Race and Ethnicity

Most Common Student Race or Ethnicity

  1. White

    790 degrees awarded

  2. Unknown

    499 degrees awarded

  3. Asian

    221 degrees awarded

In 2017 the majority of degrees awarded at institutions in Hoboken, NJ were to White students. These 790 degrees mean that there were 1.58 times more White students then the next closest race/ethnicity group, Unknown, with 499 degrees awarded.

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Housing & Living

The median property value in Hoboken, NJ was $652,200 in 2017, which is 2.84 times larger than the national average of $229,700. Between 2016 and 2017 the median property value increased from $621,300 to $652,200, a 4.97% increase. The homeownership rate in Hoboken, NJ is 32.6%, which is lower than the national average of 63.9%. People in Hoboken, NJ have an average commute time of 37.7 minutes, and they commute by Public Transit. Car ownership in Hoboken, NJ is lower than the national average, with an average of 1 car per household.

Housing

Property Value

$652,200

2017 Median

± $21,346

$621,300

2016 Median

± $21,416

In 2017, the median property value in Hoboken, NJ grew to to $652,200 from the previous year's value of $621,300.

The following charts display, first, the property values in Hoboken, NJ compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Hoboken, NJ the largest share of households have a property value in the $500k - $750k range.

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Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$127,523

Median Household Income

± $4,550

24.8k

Number of Households

± 966

In 2017, the median household income of the 24.8k households in Hoboken, NJ grew to $127,523 from the previous year's value of $118,479.

The following chart displays the households in Hoboken, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

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Property Taxes

$3k+

Average Range

This chart shows the households in Hoboken, NJ distributed between a series of property tax buckets compared to the national averages for each bucket. In Hoboken, NJ the largest share of households pay taxes in the $3k+ range.

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Rent vs Own

32.6%

2017 Homeownership

31.1%

2016 Homeownership

In 2017, 32.6% of the housing units in Hoboken, NJ were occupied by their owner. This percentage grew from the previous year's rate of 31.1%.

This percentage of owner-occupation is lower than the national average of 63.9%. This chart shows the ownership percentage in Hoboken, NJ compared it's parent and neighboring geographies.

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Commute Time

37.7 minutes

Average Travel Time

Using averages, employees in Hoboken, NJ have a longer commute time (37.7 minutes) than the normal US worker (25.1 minutes). Additionally, 2.04% of the workforce in Hoboken, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Hoboken, NJ compares to that of it's neighboring and parent geographies.

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Commuter Transportation

Most Common Method of Travel

  1. Public Transit

    60.9%

  2. Drove Alone

    23.7%

  3. Walked

    7.71%

In 2017, the most common method of travel for workers in Hoboken, NJ was Public Transit (60.9%), followed by those who Drove Alone (23.7%) and those who Walked (7.71%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

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Transportation

Car Ownership

1 car

Average Number

The following chart displays the households in Hoboken, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Hoboken, NJ have 1 car, followed by 0 cars.

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