Is Menlo Park Terrace, NJ a Good Place to Live?
Menlo Park Terrace is a small town of 3,117 in New Jersey, with a median household income of $119,474 and a 6.7% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.
Strengths: Menlo Park Terrace's profile is close to national averages across most measures.
Trade-offs: Potential downsides include an above-average cost of living, longer commutes, an elevated unemployment rate. Whether Menlo Park Terrace is right for you depends on your priorities — the full breakdown is below.
All Menlo Park Terrace city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 112.5Menlo Park Terrace's overall cost of living index is 112.5, where 100 represents the US national average. Living in Menlo Park Terrace costs roughly 12% more than the average American city.
| Metric | Menlo Park Terrace, NJ | National Avg |
|---|---|---|
| Median Home Value | $366,000 | $244,900 |
| Median Monthly Rent | $1,835 | $1,163 |
| Homeownership Rate | 93.3% | 65.9% |
| Median Household Income | $119,474 | $74,755 |
Crime & Safety
Very SafeMenlo Park Terrace's violent crime rate is 98.5 per 100,000 residents — 74% lower than the national average of ~380 per 100,000.
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
| Metric | Menlo Park Terrace, NJ | National Avg |
|---|---|---|
| School District | N/A | — |
| Elementary Schools | N/A | — |
| Middle Schools | N/A | — |
| High Schools | N/A | — |
| Student/Teacher Ratio | N/A | 16:1 |
| Bachelor's Degree or Higher | 35.1% | 35.4% |
| High School Diploma or Higher | 89.4% | 91.1% |
Weather & Climate
Menlo Park Terrace sees average highs of 40.7°F in January and 88.1°F in July, with 49.5 inches of annual precipitation and 21.4 inches of snow per year.
| Metric | Menlo Park Terrace, NJ |
|---|---|
| Average High — January | 40.7°F |
| Average High — July | 88.1°F |
| Annual Precipitation | 49.5" |
| Annual Snowfall | 21.4" |
Demographics
| Metric | Menlo Park Terrace, NJ | National Avg |
|---|---|---|
| Population | 3,117 | — |
| Median Age | 39.0 | 38.9 |
| Unemployment Rate | 6.7% | 3.7% |
| Avg Commute Time | 31.4 min | 26 min |
| White (non-Hispanic) | 36.7% | 59.3% |
| Black or African American | 9.0% | 13.6% |
| Hispanic or Latino | 17.4% | 18.9% |
| Asian | 34.7% | 6.3% |
| Under 18 | 23.8% | 22.2% |
| 65 and over | 18.6% | 16.8% |