Carteret, NJ β€” City Data, Demographics & Statistics

Middlesex County Β· New Jersey

🧬

City DNA

A unique fingerprint for Carteret based on 8 key metrics β€” compared to averages.

PopulationIncomeHome ValueSafetyEducationMedian AgeClimateCost of Living
Carteret
National Avg
New Jersey Avg
Population: 64Income: 58Home Value: 37Safety: 100Education: 26Median Age: 65Climate: 50Cost of Living: 81

Quick Stats

Population

25,187

2023 ACS

Median Income

$87,553

2023

Median Home Value

$370,200

2023

Median Rent

$2,012

2023

Median Age

39.3

Unemployment

8.8%

Cost of Living Index

162.9

100 = national avg

Carteret is a city in Middlesex County, New Jersey, with a population of 25,187 according to the 2023 American Community Survey. Carteret is one of the communities in New Jersey.

The median household income in Carteret is $87,553, and the median home value is $370,200. The cost of living index is 162.9 (where 100 = national average), and the median rent is $2,012 per month. The unemployment rate is 8.8%, and the median age is 39.3 years.

People & Demographics

Source: U.S. Census Bureau ACS (2023)

Population

Total Population

25,187

Male

12,224

48.5%

Female

12,963

51.5%

Median Age

39.3

Education & Household

Bachelor's or Higher

18.5%

High School or Higher

41.0%

Foreign Born

34.7%

Veterans

2.8%

Married

41.4%

Avg Household Size

3.0

Marital Status by Age

Race & Ethnicity

Diversity Index

0.673

Simpson's Index (0-1)

Largest Group

White

27.2%

Foreign Born

34.7%

White
27.2%
Black
17.3%
Asian
24.5%
Native American
0.6%
Pacific Islander
0.1%
Two or More
18.1%
Other
12.2%

Hispanic/Latino Ethnicity

Hispanic/Latino is an ethnicity, not a race. People of any race can identify as Hispanic. This percentage overlaps with the racial categories above.

Hispanic/Latino

34.0%

8,554 people

Not Hispanic/Latino

66.0%

Hispanic/Latino Detail

Source: U.S. Census Bureau ACS (2023)
Mexican
238 (2.8%)
Puerto Rican
3,358 (39.3%)
Cuban
296 (3.5%)
Dominican
1,839 (21.5%)
Salvadoran
74 (0.9%)
Guatemalan
46 (0.5%)
Colombian
350 (4.1%)
Honduran
1,253 (14.6%)
Ecuadorian
110 (1.3%)
Peruvian
575 (6.7%)
Other Hispanic
414 (4.8%)

Asian Detail

Source: U.S. Census Bureau ACS (2023)
Asian Indian
4,372 (70.9%)
Chinese
60 (1.0%)
Filipino
826 (13.4%)
Vietnamese
12 (0.2%)
Korean
42 (0.7%)
Pakistani
611 (9.9%)
Other Asian
240 (3.9%)

Native Hawaiian & Pacific Islander Detail

Source: U.S. Census Bureau ACS (2023)
Other Pacific Islander
29 (96.7%)

American Indian & Alaska Native Detail

Source: U.S. Census Bureau ACS (2023)
Other Native American
156 (100.0%)

Languages Spoken

Total Speakers (5+)

23,532

English Only

44.4%

#1 Non-English Language

Spanish

6,417 speakers

Limited English

20.5%

Language Distribution

Spanish
6,417 (27.3%)
Other Indo-European
4,707 (20.0%)
French/Haitian/Cajun
529 (2.2%)
Other Languages
428 (1.8%)
Tagalog
404 (1.7%)
Other Asian
268 (1.1%)
Slavic Languages
228 (1.0%)
Korean
27 (0.1%)
Chinese
26 (0.1%)
Arabic
25 (0.1%)

English Proficiency

Speaks English Very Well

79.5%

Limited English Proficiency

20.5%

Spanish
36.7% limited English
Other Indo-European
41.0% limited English
French/Haitian/Cajun
14.4% limited English
Other Languages
4.0% limited English
Tagalog
48.5% limited English
Other Asian
29.5% limited English
Slavic Languages
50.4% limited English
Korean
44.4% limited English
Chinese
88.5% limited English
Vietnamese
100.0% limited English

Veterans & Military

Total Veterans

712

2.8% of population

Disability Rate

11.5%

82 with disability

Veteran Median Income

$54,100

Unemployment Rate

6.2%

Period of Service

Gulf War (2001+)
25.1%
Gulf War (1990-2001)
9.6%
Vietnam
51.3%
Korea
4.4%

Veteran Age Distribution

18-34
12.2%
35-54
11.2%
55-64
11.9%
65-74
27.5%
75+
37.1%

Male Veterans

638

89.6%

Female Veterans

74

10.4%

Veteran vs Non-Veteran Income

Veteran Income

$54,100

Non-Veteran Income

$36,810

Difference

$17,290

47.0% higher

Disability Status

With Disability

82

Without Disability

630

Disability Rate

11.5%

Ancestry & Heritage

Total Reporting Ancestry

9,023

#1 Ancestry

American

5.9% (1,492)

#2 Ancestry

Italian

5.3% (1,329)

#3 Ancestry

Irish

4.4% (1,107)

Top 20 Ancestries

Source: U.S. Census Bureau ACS (2023)
American
5.9%
Italian
5.3%
Irish
4.4%
Polish
3.6%
West Indian
3.6%
German
2.7%
Sub-Saharan African
2.4%
Portuguese
1.5%
Hungarian
1.2%
English
1.0%
Jamaican
0.8%
Ukrainian
0.7%
Arab
0.6%
Slovak
0.4%
Dutch
0.4%
French
0.3%
Russian
0.2%
Scottish
0.2%
Brazilian
0.1%
Swedish
0.1%

Families & Households

Total Households

8,317

Family Households

6,278

75.5%

Married Couples

4,443

53.4%

Non-Family Households

2,039

24.5%

Single Mother Households

1,484

17.8%

Single Father Households

351

4.2%

Living Alone

1,800

21.6%

Children Under 18

Total Children

4,185

In Married Couple

2,469

59.0%

With Single Mother

1,625

38.8%

With Single Father

91

2.2%

Family Income

Median Family Income

$95,844

Married Couple Income

$110,755

Single Mother Income

$65,192

Single Father Income

$121,103

Avg Family Size

3.0

Avg Non-Family Size

3.0

Grandparents w/ Grandchildren

1,473

Grandparents Responsible

426

Economy

Source: U.S. Census Bureau ACS (2023)

Income Overview

Median Household Income

$87,553

+20% vs national

Per Capita Income

$36,299

-2% vs national

Poverty Rate

10.0%

-26% vs national

Gini Index

0.4249

0 = perfect equality

Unemployment

8.8%

+68% vs national

SNAP Recipients

13.1%

of households

How Carteret Compares

Carteret vs Similar Cities

Compared to cities with 25,000 - 50,000 residents. Carteret is highlighted.

Median Household Income

Per Capita Income

Poverty Rate

Unemployment Rate

πŸ“Š

Where Do You Stack Up?

Enter your household income to see how you compare to other households in Carteret. The median household income here is $87,553.

$

Income Distribution

<$25K
10.2%
$25-50K
13.3%
$50-75K
18.5%
$75-100K
15.3%
$100-150K
18.8%
$150-200K
11.6%
$200K+
12.2%

Employment Snapshot

Unemployment Rate

8.8%

+54% vs NJ avg

Labor Force

13,112

Employed

11,964

How People Get to Work

Employment by Sector

Education & Workforce

Bachelor's Degree+

18.5%

of adults 25+

High School Diploma+

41.0%

of adults 25+

Median Age

39.3

Work from Home

9.2%

of workers

Cost of Living

Overall Index

162.9

100 = national avg

+62.9 vs national average

Living Wage (1 Adult)

$71,691

per year

Living Wage (Family of 4)

$169,451

per year

Cost Index by Category

Housing
229.4
Food
116.9
Transportation
133.8
Healthcare
113.5
Utilities
136.0

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$1,978

per month

2 Bedroom

$2,486

per month

The median household income in Carteret, NJ is $87,553, which is 19.6% above the national average of $73,224. Per capita income is $36,299. The poverty rate of 10.0% is higher than the NJ state average of 7.7%. The Gini index of income inequality is 0.4249, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 8.8%, compared to the state average of 5.7%. The labor force is 13,112. 18.5% of adults hold a bachelor's degree or higher. About 68.3% of workers drive alone to work. The overall cost of living index is 162.9, which is 62.9% above the national average. Housing costs are above the national average at an index of 229.4. A single adult needs to earn approximately $71,691 per year to cover basic expenses.

Housing & Real Estate

Market SnapshotRedfin β€” January 2026

Median Sale Price

$525,000

Median List Price

$507,499

Price Per Sq Ft

$352

Days on Market

104

Active Inventory

44

Months of Supply

2.9

Seller's market

Zillow Home Value

$540,273

ZHVI β€” January 2026

Zillow Rent Index

$2,395

ZORI β€” January 2026

Market CompetitivenessRedfin

Sold Above List

73.3%

Off Market in 2 Weeks

23.1%

Sale-to-List Ratio

101.7%

Seller's market

Sold Above Asking
73.3%
Under Contract in 2 Wks
23.1%
Listings with Price Drops
6.8%

Price TrendsRedfin

Sale Price ↑ 14.1%List Price ↑ 9.1%Mar 24 β†’ Jan 26

Market ActivityRedfin

Homes Sold

15

New Listings

10

Pending Sales

13

Homes Sold ↑ 15.4%New Listings ↑ 0.0%Pending ↓ 13.3%Mar 24 β†’ Jan 26

Price Per Square FootRedfin

Median Sale $/SF

$352

Median List $/SF

$329

Sale $/SF ↑ 7.3%List $/SF ↑ 10.0%Mar 24 β†’ Jan 26

Carteret vs Similar CitiesCensus ACS / Redfin

Compared to cities with 25,000 - 50,000 residents. Carteret is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing DataU.S. Census Bureau ACS 2023

Median Home Value

$370,200

Median Rent

$2,012

Total Housing Units

8,702

Vacancy Rate

4.4%

Owner Occupied

55.2%

Renter Occupied

44.8%

Median Property Tax

$7,772

per year

Monthly Cost (w/ Mortgage)

$1,713

Housing Types

Single Family
56.7%
Multi-Family
40.6%
Mobile Home
2.7%

Property TaxU.S. Census Bureau ACS 2023

Median Property Tax

$7,772

per year

Effective Tax Rate

2.10%

of home value

Median Home Value

$370,200

Estimated Mean Tax

$7,109

The effective property tax rate is calculated by dividing the median annual property tax ($7,772) by the median home value ($370,200). In Carteret, NJ, this works out to an effective rate of 2.10%. This is above the national average of approximately 1.1%.

The current median sale price in Carteret, NJ is $525,000 according to Redfin data. Homes spend a median of 104 days on the market. 73.3% of homes sold above asking price. The market has 2.9 months of supply. The median price per square foot is $352. Zillow's observed rent index is $2,395/month. About 55.2% of housing units are owner-occupied. The median year homes were built is 1960. There are 8,702 total housing units. Homeowners pay a median annual property tax of $7,772. The effective tax rate is 2.10%, above the national average.

Crime Overview

Source: FBI Crime Data Explorer (2024)

Violent Crime Rate

3.17

per 1,000 residents

+22% vs national

Property Crime Rate

12.62

per 1,000 residents

-27% vs national

Total Crimes

408

2024

Violent Clearance

56%

cases solved

Property Clearance

13%

cases solved

YoY Change

+45.5%

violent crime rate

worsening vs 2023

How Carteret Compares

Source: FBI (2024)

Carteret vs Similar Cities

Source: FBI (2024)

Compared to cities with 25,000 - 50,000 residents. Carteret is highlighted in green.

Violent Crime Rate (per 1,000)

Property Crime Rate (per 1,000)

Murder Rate (per 1,000)

Crime Rate Trends

Source: FBI
Violent ↑ 127.2%Property ↑ 4.5%2015 β†’ 2024

Crime Composition

Source: FBI (2024)

Violent Crime Breakdown

Property Crime Breakdown

Crime Clearance (Solve) Rates

Source: FBI (2024)

Carteret police solve 60% of aggravated assault cases but only 0% of rape cases.

Weapon Used in Violent Crime

Source: FBI (2024)

Crime Breakdown

Source: FBI Crime Data Explorer (2024)
Crime TypeCategoryCountRate per 1KClearance %
MurderViolent20.0850.0%
RapeViolent50.190.0%
RobberyViolent110.4354.5%
Aggravated AssaultViolent632.4460.3%
BurglaryProperty411.597.3%
Larceny/TheftProperty2459.4915.1%
Motor Vehicle TheftProperty401.555.0%

Carteret, NJ reported 82 violent crimes and 326 property crimes in 2024. The violent crime rate of 3.17 per 1,000 residents is 22.1% above the national average of 2.60 per 1,000. Law enforcement cleared 56% of violent crimes. Larceny/theft accounts for 245 of the property crime reports. Firearms were involved in 14.3% of aggravated assaults. Violent crime has been trending upward.

Crime History

Source: FBI
YearViolentPropertyViolent RateProperty Rate
2024823263.1712.62
2023553852.1815.27
2022142100.568.39
2020392631.6611.22
2019322651.3511.21
2018452951.8812.33
2017443261.8113.43
2016382431.569.99
2015342941.4012.08

Natural Hazard Risk

Source: FEMA National Risk Index

Risk Score

97.8

Relatively High

Expected Annual Loss

97.3

Score (0-100)

Social Vulnerability

47.4

Score (0-100)

Community Resilience

45.5

Score (0-100)

Scores range from 0 (lowest risk) to 100 (highest risk) relative to all U.S. communities. Data from FEMA National Risk Index.

Disaster History & Federal Spending

Source: FEMA

Total Declarations

30

Public Assistance

$892.9M

Individual Assistance

$300.3M

Most Common Type

Hurricane

9 declarations

Public Assistance by Category

Total: $899.4M
DisasterTypeDatePA $IA $
Remnants of Hurricane Ida β†’HurricaneSep 2021$53.1M$74.4M
Remnants of Hurricane Ida β†’HurricaneSep 2021β€”β€”
Covid-19 Pandemic β†’BiologicalMar 2020$652.8M$12.3M
Covid-19 β†’BiologicalMar 2020β€”β€”
Severe Winter Storm and Snowstorm β†’Severe StormMar 2016$4.2Mβ€”
Hurricane Sandy β†’HurricaneOct 2012$164.4M$34.6M
Hurricane Sandy β†’HurricaneOct 2012β€”β€”
Severe Storm β†’Severe StormNov 2011$1.7Mβ€”
Hurricane Irene β†’HurricaneAug 2011$9.9M$29.6M
Hurricane Irene β†’HurricaneAug 2011β€”β€”
Severe Winter Storm and Snowstorm β†’SnowstormFeb 2011$2.8Mβ€”
Severe Storms and Flooding β†’Severe StormApr 2010$4.1M$1.1M
Severe Storms and Inland and Coastal Flo… β†’Severe StormApr 2007β€”$1.8M
Hurricane Katrina Evacuation β†’HurricaneSep 2005β€”β€”
Snow β†’SnowstormMar 2003β€”β€”
Fires and Explosions β†’FireSep 2001β€”β€”
West Nile Virus β†’OtherNov 2000β€”β€”
Hurricane Floyd Major Disaster Declarati… β†’HurricaneSep 1999β€”β€”
Hurricane Floyd Emergency Declarations β†’HurricaneSep 1999β€”β€”
Severe Storms and Flooding β†’Severe StormNov 1996β€”β€”

Showing 20 of 40 disasters

PA = FEMA Public Assistance (infrastructure recovery). IA = Individual Assistance (homeowner/renter aid).

Flood Insurance (NFIP)

Source: FEMA NFIP

Total Claims

5,246

Total Claims Paid

$164,420,783

Avg Claim Payout

$31,342

County-level NFIP data from FEMA National Flood Insurance Program.

Hazard Mitigation

Source: FEMA Hazard Mitigation Assistance

Mitigation Projects

45

Federal Funding

$64,525,691

Properties Protected

320

Avg Benefit-Cost Ratio

1.44

BCR

Top Mitigation Project Types

Project TypeProjectsFederal $
601.2: Generators - Regular24$3,785,309
601.1: Generators4$1,378,513
601.2: Generators - Regular; 602.1: Other Equipment Purchase and Installation3$934,490
200.2: Acquisition of Private Real Property (Structures and Land) - Coastal3$54,515,396
601.1: Generators; 602.1: Other Equipment Purchase and Installation2$473,182

Federally funded projects to reduce future disaster risk. Only includes completed or obligated projects.

Carteret has a relatively high overall natural hazard risk rating according to FEMA's National Risk Index. The top hazard risks are strong wind, winter weather, ice storm. The area has had 30 federal disaster declarations. The most common disaster type is hurricane (9 declarations). 5,246 flood insurance claims have been filed in the area. FEMA has obligated $892,927,259 in public assistance recovery funding. $300,273,383 has been distributed in individual assistance to disaster-affected residents. 45 hazard mitigation projects have been funded to reduce future risk.

Health

Community Health

Source: CDC PLACES

Obesity Rate

33.5%

2.6pp below the national average

Depression Rate

13.0%

10.5pp below the national average

Diabetes Rate

12.6%

0.7pp above the national average

Uninsured Rate

15.5%

4.9pp above the national average

Health Scorecard

Higher scores indicate better health outcomes relative to the national average (50 = average)

Health Outcomes

Age-adjusted prevalence rates. Green bars indicate rates below the national average; red indicates above.

High Cholesterol

37.6%

Arthritis

19.8%

Cancer (excl. skin)

5.2%

Teeth Lost (65+)

13.2%

Health Risk Behaviors

Prevention & Screening

Green bars indicate rates above the national average (more preventive care); red indicates below.

Mental Health & Wellbeing

Frequent Mental Distress

15.7%

14+ days in past month

Depression

13.0%

Loneliness

36.7%

Lack of Support

28.2%

Disability Prevalence

Any Disability

27.4%

Mobility

12.3%

Cognitive

13.2%

Hearing

5.1%

Vision

5.7%

Self-Care

3.8%

Independent Living

7.3%

Health-Related Social Needs

Prevalence of social risk factors affecting community health

Carteret has an obesity rate of 33.5%, which is 2.6pp below the national average. The depression rate is 13.0%, 10.5pp below the national average. About 15.5% of adults lack health insurance. 77.5% of residents had an annual checkup in the past year.

Nearby Hospitals

Source: CMS Hospital Compare

Nearest Hospitals

5

With Emergency Services

4

Avg CMS Rating

2.2 / 5

Nearest Hospital

3.2 mi

Robert Wood Johnson University...

Loading map…
HospitalDistanceTypeRatingER
Robert Wood Johnson University Hospital At Rahway3.2 miAcute Care Hospitals3/5Yes
Raritan Bay Medical Center5.0 miAcute Care Hospitals3/5Yes
Carepoint Health - Bayonne Medical Center8.2 miAcute Care Hospitals2/5β€”
Newark Beth Israel Medical Center8.9 miAcute Care Hospitals2/5Yes
The University Hospital10.8 miAcute Care Hospitals1/5Yes

Infrastructure

Commute Overview2023 ACS

Drive Alone

68.3%

-13% vs national

Public Transit

7.8%

+763% vs national

Work From Home

9.2%

-1% vs national

Carpool

9.9%

Walk / Bike

2.6%

combined

How Carteret's Commute ComparesCensus ACS 2023

How People Get to WorkCensus ACS 2023

Commute Mode BreakdownCensus ACS 2023

Traffic Fatalities

Source: NHTSA FARS (2022)

Fatalities

1

2022

4-Year Avg

2

fatalities/yr

Nighttime

1

dark conditions

YearCrashesFatalitiesAlcoholPedestrianCyclist
202211000
202122000
201911000
201822000

Data from NHTSA Fatality Analysis Reporting System (FARS). Includes only crashes involving at least one fatality.

Commute data for Carteret, NJ covers travel times and transportation modes. 68.3% of workers drive alone, compared to the national average of 78.7%. 9.2% work from home, which is below the NJ state average of 12.2%. Public transit is used by 7.8% of commuters, compared to the national average of 0.9%. 9.9% of workers carpool. 2.4% walk to work. In 2022, there were 1 traffic fatality from 1 fatal crash.

Internet & Broadband Access

Source: Census ACS

Broadband Access

90.3%

of households

Cable / Fiber / DSL

78.8%

of households

No Internet

7.6%

of households

Total Households

8,317

Internet Subscription Types

Cable, Fiber, or DSL
78.8%
Cellular Data Plan
85.7%
Satellite
4.0%
Cellular Only (no wired)
10.4%
No Internet Access
7.6%

Device Ownership

Source: Census ACS

Has Computer

92.9%

of households

Smartphone

88.4%

of households

Desktop / Laptop

82.4%

of households

Tablet

63.1%

of households

Any Computing Device
92.9%
Smartphone
88.4%
Desktop / Laptop
82.4%
Tablet
63.1%
Smartphone Only
6.9%
No Computer
7.1%

Percentage of households with each device type. Data from the U.S. Census Bureau ACS (2023 5-year estimates, tables B28001 & B28002).

Electricity Rates

Source: U.S. Energy Information Administration (2024)

Residential Rate

19.3Β’

per kWh

+1% vs 25,000 - 50,000 avg

Commercial Rate

14.6Β’

per kWh

-5% vs 25,000 - 50,000 avg

Industrial Rate

11.9Β’

per kWh

+0% vs 25,000 - 50,000 avg

Avg Monthly Bill

$128

residential

-13% vs 25,000 - 50,000 avg

13% above the national average of 17.1Β’/kWh

Residential electricity in New Jersey averages 19.3Β’ per kWh, compared to the national average of 17.1Β’. The average monthly electric bill is $128. State-level averages from EIA Electric Sales & Revenue data (2024).

Carteret vs Similar Cities

Source: EIA (2024)

Comparing electricity rates with randomly selected cities of similar population (25,000 - 50,000). Each city represents its state's average rate.

Residential Rate (Β’/kWh)

Commercial Rate (Β’/kWh)

Industrial Rate (Β’/kWh)

Average Monthly Bill

90.3% of households in Carteret have broadband internet access. 78.8% have cable, fiber, or DSL service. 10.4% rely solely on cellular data without a wired connection. 7.6% of households have no internet access. 6.9% use only a smartphone without a desktop or laptop.

Politics & Government

County-level data: Election results are reported at the county level. Carteret is located in Middlesex County, NJ. Results reflect all voters in the county, not just those in Carteret.

Election Overview

Source: Middlesex County (2024)

2024 Winner

Democrat

Dem Votes

191,802

52.5%

GOP Votes

162,459

44.5%

Total Votes

365,187

Margin

D+8.0%

Shift from 2020

R+14.0pp

vs prior election

πŸ“ŠElection Results by Year
2016–2024
πŸ“ˆPartisan Lean Trend
D+8.0%

Election History

Source: County-Level Election Results
YearDem VotesGOP VotesTotalDem %GOP %Margin
2024191,802162,459365,18752.5%44.5%D+8.0
2020226,250143,467375,69260.2%38.2%D+22.0
2016164,887108,981282,66858.3%38.6%D+19.8

In the 2024 presidential election, Middlesex County recorded 365,187 total votes. Democrats won the county with 52.5% of the vote compared to 44.5% for Republicans, a margin of D+8.0%. Compared to 2020, the margin shifted R+14.0pp from the previous election. Since 2016, Middlesex County has shifted 11.8 percentage points toward Republicans.

Nonprofits Overview

Source: IRS Exempt Organizations BMF

Total Nonprofits

60

Total Assets

$20.0M

Total Income

$10.4M

Per 10K Residents

23.8

nonprofits

-64.4% vs peers avg

Orgs with >$1M Assets

2

Median Assets

$134K

Oldest Active

1946

ruling year

Newest Org

2026

ruling year

Nonprofits by Category

Source: IRS / NTEE Classification
Religion
16
Education
7
Human Services
5
Community Improvement
5
Arts & Culture
4
Health Care
4
Youth Development
3
Housing & Shelter
2
Philanthropy
2
Mental Health
1
Public Safety
1
Recreation & Sports
1
Public Benefit
1
100.0%of all nonprofit assets are held by the 10 largest organizations

Top 10 hold $20.0M of $20.0M total

Nonprofit Size Distribution

Source: IRS Exempt Organizations BMF

Number of nonprofits by total asset size

When Were Nonprofits Founded?

Source: IRS Ruling Date

Number of currently active nonprofits by founding decade

Nonprofits per 10K Residents vs Similar Cities

Source: IRS BMF + Census ACS

Compared to cities with population 25,000 - 50,000

Largest Nonprofits in Carteret

Source: IRS Exempt Organizations BMF
OrganizationCategoryAssetsIncomeEst.IRS
CARTERET BUSINESS PARTNERSHIP INCCommunity Improvement$17.4M$8.8M2008
CARTERET HOUSING AND DEVELOPMENT CORPORATIONHousing & Shelter$1.3M$42023
CENTRAL JERSEY ARTS COUNCILArts & Culture$372K$407K2014
CARTERET PERFORMING ARTS & EVENTS CENTERArts & Culture$300K$307K2023
HOUSE OF CARING HANDS INCβ€”$260K$510K2019
G KAGAN FAMILY FOUNDATION INCPhilanthropy$140K$4472015
MAYOR DANIEL J REIMANS CHILDRENS CHARITY TRUST FUNDEducation$129K$131K2003
HONORARY POLICEMENS BENEVOLENT ASSOCIATION CARTERETPhilanthropy$25K$28K2009
EDUCAPITAL FOUNDATIONEducation$22K$107K2022
HOUSE OF EXCELLENCE MINISTRIES INCReligion$21K$88K2022
ENLIGHTENMENT CHURCH OF GODReligion$4K$86K2015
KHALSASPIRIT INCReligion$1$12018

Carteret, NJ has 60 registered 501(c)(3) nonprofit organizations with combined assets of $20.0M. The most common category is Religion-Related, with 16 organizations. 2 nonprofits have assets exceeding $1 million. That works out to 23.8 nonprofits per 10,000 residents. The oldest active nonprofit dates back to 1946.

SBA Lending Overview

Source: SBA FOIA Loan-Level Data

Total SBA Loans

898

Total Approved

$248.3M

Jobs Supported

6,386

Per 10K Residents

356.5

SBA loans

+253.3% vs peers avg

Unique Lenders

110

Top Lender

TD Bank, National Association

171 loans

Top Industry

Accommodation & Food Services

Data Span

1992–2026

Loan Program Breakdown

Source: SBA FOIA
7(a)96% of all loans

Loans

863

Total Amount

$209.5M

Avg Loan

$242,709

Median Loan

$70,000

SBA Guaranteed

$151.7M(72%)

Jobs Supported

5,787

5044% of all loans

Loans

35

Total Amount

$38.8M

Avg Loan

$1,109,343

Median Loan

$553,000

7(a) β€” 96%504 β€” 4%

Recent Activity (Last 5 Years)

Source: SBA FOIA

Recent Loans

217

24% of all-time total

Recent Amount

$78.6M

32% of all-time total

Avg Recent Loan

$362,261

Top Industries Funded

Source: SBA FOIA / NAICS Codes
Accommodation & Food Services104 loans
NAICS 72
$48.7M
Construction98 loans
NAICS 23
$9.6M
Health Care & Social Assistance94 loans
NAICS 62
$28.1M
Professional & Technical Services89 loans
NAICS 54
$13.0M
Retail Trade82 loans
NAICS 44
$35.9M

SBA Loans per 10K Residents vs Similar Cities

Source: SBA FOIA + Census ACS

Compared to cities with population 25,000 - 50,000

Top SBA Borrowers

Source: SBA FOIA
BusinessLoansAmount
Lm Foods Llc2$6.6M
Schless Bottles Inc.4$6.3M
Metropolitan Marine Transportation Inc.3$5.6M
Everflow Supplies, Inc.1$5.5M
Reliance Wine & Liquor Inc.2$5.2M
Arden Market Place Inc.2$5.0M
300 Wild Llc1$5.0M
310 Wild Llc1$5.0M
Kk Sankar Mahadev Corporation1$5.0M
T & J Properties Llc (epc) & Newman's Refrigerated Services Inc. (oc)1$4.5M

Carteret, NJ has received 898 SBA loans totaling $248.3M in approved funding between 1992 and 2026. The 7(a) program accounts for 863 loans (96% of the total), supporting 5,787 jobs. The 504 program, focused on real estate and large equipment, has funded 35 loans totaling $38.8M. The most common industry receiving SBA funding is Accommodation & Food Services. The most active SBA lender in Carteret is TD Bank, National Association with 171 loans. That works out to 356.5 SBA loans per 10,000 residents.

ZIP Code Overview

Source: Census ACS

ZIP Codes

57

Total Population

1,573,096

Avg Median Income

-$11,592,627

Avg Home Value

-$11,215,392

ZIP Code Details

Source: Census ACS
ZIP CodePopulationMedian IncomeHome ValueMedian RentArea (sq mi)
0700117,143$95,935$351,200$1,8393.7
0700270,468$81,285$446,100$1,5935.8
0700825,220$87,712$370,100$2,0124.4
0701623,841$148,629$635,800$2,1164.8
070237,714$176,667$610,600$2,3681.3
070274,688$100,948$509,800$1,6030.7
070338,339$126,295$521,100$2,1192.1
0703645,101$89,942$385,100$1,62210.9
0706215,018$92,711$374,200$1,7941.9
070643,742$143,194$415,500N/A1.3
0706529,748$90,852$362,300$1,7643.9
0706615,410$122,610$570,400$1,7934.4
0706718,294$134,301$473,200$1,9644.0
0707624,667$173,564$696,900$1,8169.0
070773,196$106,926$414,900$1,3821.5
0708024,215$126,161$444,100$1,9288.2
0708116,984$146,059$590,600$2,1355.2
0708357,036$118,106$425,600$1,9388.7
070883,083$92,041$343,700$2,0460.3
0709030,760$212,700$930,500$2,2116.7
070926,967$210,100$755,600$3,5014.0
0709520,086$99,718$361,200$2,0774.6
0710828,317$33,960$326,900$1,0981.4
0711160,334$59,232$291,500$1,3242.9
0711227,633$55,171$306,100$1,3341.4
0711412,658$34,167$384,700$6167.9
0720127,725$62,026$413,000$1,4766.4
0720244,638$68,071$358,000$1,5082.3
0720322,455$82,967$336,500$1,4992.6
0720413,965$104,418$405,800$1,5851.2
0720522,179$98,558$363,200$1,7122.8
0720631,120$60,992$339,200$1,5431.8
0720832,404$61,873$425,600$1,3641.8
0773519,203$98,760$384,700$1,5204.9
0881747,924$109,734$411,100$1,94610.6
0882039,392$168,453$597,700$1,92510.4
0883019,151$112,615$394,200$2,0513.2
088322,793$65,948$328,100$1,6432.2
0883719,954$107,948$432,500$1,7789.1
0884017,934$150,938$517,700$1,9943.2
0885924,284$96,593$407,100$1,6254.8
0886158,264$60,464$340,900$1,6235.1
0886313,052$116,250$414,100$1,9761.7
0887923,263$98,000$377,700$1,6337.1
1030139,799$84,937$657,000$1,6973.8
1030219,693$76,089$586,300$1,8001.2
1030325,993$79,429$457,600$1,5203.2
1030445,843$71,506$659,900$1,5163.5
1030541,714$86,294$627,200$1,6564.0
1030657,249$97,746$675,400$1,7437.2
1030714,821$138,807$799,100$1,6181.6
1030829,996$122,654$648,800$1,7292.2
1030934,918$123,638$745,500$1,9077.3
1031025,824$106,118$623,300$1,6381.8
103110N/AN/AN/A0.1
1031263,345$111,434$698,900$1,9116.9
1031493,539$104,655$665,500$1,72613.0

Carteret, NJ has 57 ZIP codes with a combined population of 1,573,096. The average median household income across all ZIP codes is -$11,592,627. The average median home value is -$11,215,392. The average median monthly rent is -$23,390,114.

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