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Medford Lakes borough, New Jersey

City

Population: 4,267 (2023 estimate)

Located in New Jersey , New Jersey

Census Bureau data for Medford Lakes borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.

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Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Medford Lakes borough

What is the median household income in Medford Lakes borough?
The median household income in Medford Lakes borough is $151,190 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Medford Lakes borough?
The poverty rate in Medford Lakes borough is 1.2% (U.S. Census Bureau ACS 2023).
What is the median home value in Medford Lakes borough?
$368,200 (U.S. Census Bureau ACS 2023).
What is the average rent in Medford Lakes borough?
The median gross rent in Medford Lakes borough is $2,136 per month (U.S. Census Bureau ACS 2023).
What percentage of Medford Lakes borough residents have a college degree?
59.9% of adults in Medford Lakes borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
4,267
Median Income
$151,190
Median Home Value
$368,200
Poverty Rate
1.2%
Unemployment (ACS 2023)
3.6%
Median Age
46.0 yrs
Since 2019 Median Income: +$40,398 (+36.5%) Home Value: +$70,500 (+23.7%) Poverty Rate: +0.4 pp (+50%) Bachelor's+: +4.0 pp (+7.2%) Unemployment: -3.5 pp (-49.3%)

Demographics

Total Population 4,267
Median Age 46.0
Female 54.1%
Race & Ethnicity
Hispanic or Latino 2.5% White (non-Hisp.) 89.8% Asian 3.0% Two or More 5.6%
Hispanic Subgroups (% of total pop.)
Puerto Rican
1.6%
Cuban
0.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $151,190 ±$14,663
+$50,140 vs. state
Per Capita Income $171,080
Median Family Income $161,957
Poverty Rate 1.2%
-5.8 pp vs. state
Child Poverty Rate 0.0%
Working-Age Poverty Rate —
SNAP Recipients 1.4%
Social Security Income —
Retirement Income 44.5%
Household Income Distribution
$10–15k
1.0%
$15–25k
1.5%
$25–35k
4.6%
$35–50k
7.4%
$50–75k
7.7%
$75–100k
8.8%
$100–150k
18.2%
$150–200k
20.1%
$200k+
30.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 1,516
Owner-Occupied 91.5%
Renter-Occupied 8.5%
Vacancy Rate 3.4%
Median Home Value $368,200
-$59,400 vs. state
Median Gross Rent $2,136
Owner Cost Burden (30%+) 19.0%
Renter Cost Burden (30%+) 31.0%
Home Value Distribution
< $50k
0.5%
$50–100k
2.0%
$200–300k
17.2%
$300–500k
57.4%
$500k–$1M
22.2%
$1M+
0.7%
Gross Rent Distribution
$500–1k
17.2%
$1–1.5k
6.9%
$1.5–2k
20.7%
$2–2.5k
19.0%
$3.5k+
36.2%
Vehicle Availability
No vehicle
1.4%
1 vehicle
15.3%
2 vehicles
55.3%
3+
28.0%
Housing Age
Pre-1940
12.1%
1940–1969
6.7%
1970–1999
16.0%
2000–2009
0.6%
2010+
0.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 99.4%
Bachelor's or Higher 59.9%
+17.0 pp vs. state
Graduate Degree 28.0%
Some College / Associate 17.5%
Less Than High School 0.4%
Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 61.9%
Unemployment Rate 3.6%
-2.6 pp vs. state
Work from Home 15.3%
Self-Employed 5.6%
Government Workers 17.3%
Private For-Profit 77.1%
Industry
Edu/Health
38.8%
Manufacturing
9.6%
Finance
8.9%
Arts/Entmt.
7.8%
Retail
6.9%
Construction
5.9%
Public Admin
4.9%
Prof. Services
4.8%
Transportation
3.5%
Wholesale
3.5%
Information
0.6%
Occupation
Management
59.2%
Sales
20.8%
Food Prep
8.4%
Production
8.0%
Construction
3.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 33.1 min
Drove Alone 82.0%
Carpool 0.5%
Public Transit 1.8%
Work from Home 15.3%
Walked 0.0%
Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 1,464
Avg. Household Size 2.00
Avg. Family Size —
Married-Couple Households 71.9%
Single-Mother Households —
Single-Father Households —
Living Alone —
Households with Children 34.2%
Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5
5.3%
5–9
8.4%
10–14
4.7%
15–19
7.7%
20–24
2.7%
25–34
10.7%
35–44
9.2%
45–54
13.3%
55–64
8.0%
65–74
8.9%
75–84
11.3%
85+
7.7%
Under 18: 24.1% Working age (18–64): 75.9% 65 and over: 21.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 2.5%
Naturalized Citizen 100.0%
Speaks English Less Than Very Well 0.1%
Foreign-Born Origin
Asia
80.0%
Europe
11.4%
Latin America
8.6%

Veterans & Disability

Veteran 3.0%
With a Disability 6.9%
Cognitive Difficulty —
Ambulatory Difficulty —

Health Insurance

Insured 99.0%
Uninsured 1.0%
Employer Insurance —
Medicaid —
Medicare —

Technology & Mobility

Broadband Internet 92.6%
Has a Computer 99.5%
Same House 1 Year Ago 96.3%
Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Compare Medford Lakes borough

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Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured