Mountain Lakes borough, New Jersey Median Income

Mountain Lakes borough, New Jersey has a population of 4,284, with a median household income of $228,228.

Current median income data for Mountain Lakes borough.

$228,228

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Population

4,284

💰

Median Income

$228,228

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Unemployment

1.00%

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Housing Price

$1,322,114

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Crime Rate

0.10

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Internet Speed

286.80 Mbps

Mountain Lakes borough is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Mountain Lakes borough is a notable city in New Jersey, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Mountain Lakes borough has a population of 4,284, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Mountain Lakes borough is $228,228, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Mountain Lakes borough average around $1,322,114, which is relatively high compared to other cities in New Jersey.

Employment and Safety

The unemployment rate in Mountain Lakes borough is 1.00%, which is lower than the state average, indicating a relatively strong job market. Mountain Lakes borough has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in New Jersey, Mountain Lakes borough shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Mountain Lakes borough offers a balanced mix of economic conditions, population trends, and housing opportunities within New Jersey.

Frequently Asked Questions about Mountain Lakes borough

What is the population of Mountain Lakes borough?

The population of Mountain Lakes borough is approximately 4,284.

Is Mountain Lakes borough a good place to live?

Mountain Lakes borough offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Mountain Lakes borough?

The median household income in Mountain Lakes borough is around $228,228.

How expensive is housing in Mountain Lakes borough?

The average housing price in Mountain Lakes borough is approximately $1,322,114.