Lavallette, NJ Homes for Sale

Lavallette, NJ Homes for Sale

Lavallette is a very small coastal borough (i.e. on the ocean, a bay, or inlet) located in the state of New Jersey. With a population of 1,853 people and two constituent neighborhoods, Lavallette is the 437th largest community in New Jersey.

Lavallette home prices are not only among the most expensive in New Jersey, but Lavallette real estate also consistently ranks among the most expensive in America.

Lavallette is a decidedly white-collar borough, with fully 87.60% of the workforce employed in white-collar jobs, well above the national average. Overall, Lavallette is a borough of managers, sales and office workers, and professionals. There are especially a lot of people living in Lavallette who work in management occupations (19.47%), sales jobs (19.33%), and business and financial occupations (9.73%).

A relatively large number of people in Lavallette telecommute to their jobs. Overall, about 10.05% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Another notable thing is that Lavallette is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the borough’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.

Lavallette is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

In Lavallette, however, the average commute to work is quite long. On average, people spend 31.31 minutes each day getting to work, which is significantly higher than the national average.

Lavallette is one of the most well-educated cities in the nation. 47.89% of adults in Lavallette have at least a bachelor’s degree. Compare that to the average community in America, which has just 21.84% with a bachelor’s degree or higher.

The per capita income in Lavallette in 2018 was $56,733, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $226,932 for a family of four. However, Lavallette contains both very wealthy and poor people as well.

The people who call Lavallette home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lavallette residents report their race to be White. Important ancestries of people in Lavallette include Italian, Irish, German, English, and Polish.

The most common language spoken in Lavallette is English. Other important languages spoken here include Portuguese and Italian.

(This information was provided by neighborhoodscout.com)