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 1,832 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 87.76% of the workforce employed in white-collar jobs, well above the national average. Overall, Lavallette is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Lavallette who work in management occupations (19.62%), office and administrative support (10.20%), and sales jobs (9.58%).
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.23% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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 a major vacation destination. Much of the borough’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Lavallette’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.
In addition, Lavallette is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
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. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
In Lavallette, a lot of people use the subway to get to work every day though Lavallette is a relatively small borough. Those that ride the subway are primarily traveling out of town to good jobs in other cities.
The citizens of Lavallette are among the most well-educated in the nation: 43.43% of adults in Lavallette have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in Lavallette in 2010 was $45,051, 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 $180,204 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 Irish, German, English, and Polish.
The most common language spoken in Lavallette is English. Other important languages spoken here include Italian and Portuguese.