Belford, NJ: An Analysis

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The labor force participation rate in Belford is 67.7%,The labor force participation rate in Belford is 67.7%, with an unemployment rate of 2.2%. For the people in the labor force, the common commute time is 34.5 minutes. 9.8% of Belford’s residents have a graduate degree, and 28.2% have a bachelors degree. For all without a college degree, 29% attended some college, 28.5% have a high school diploma, and just 4.6% possess an education significantly less than senior high school. 7.4% are not covered by health insurance.

The typical family unit size in Belford, NJ is 3.81 family members, with 78% being the owner of their own dwellings. The average home valuation is $380089. For individuals leasing, they pay out an average of $1920 monthly. 71.3% of families have two sources of income, and an average domestic income of $156250. Median individual income is $48491. 2.1% of residents are living at or below the poverty line, and 12.2% are handicapped. 3.8% of residents of the town are former members of the US military.