Living in Laurel Lake, New Jersey
Cost of living, income, home prices, rent and demographics of Laurel Lake · Census data 2020–2024
Laurel Lake has 2,641 residents with a median age of 41.8. The median household income is $55,574 (46% lower than the New Jersey median), the median home value is $156,800, the median rent is $1,200/month.
Laurel Lake at a glance
- Population
- 2,641
- Median age
- 41.8State: 40.1
- Median household income
- $55,574State: $103,556
- Median home value
- $156,800State: $454,400
- Median rent
- $1,200/moState: $1,720
- Homeowners
- 72.8%
- Bachelor's degree or higher
- 6%
- Average commute
- 27 min
Is Laurel Lake a good place to live?
Pros: Home values 65% lower than the state median; an average commute of 27 minutes.
Cons: Median household income 46% lower than the New Jersey median; unemployment of 6.9%; a poverty rate of 22.8%.
The weather is best in May–June and August–September.
Cost of living in Laurel Lake
Housing is the biggest part of the cost of living. In Laurel Lake the median home value is $156,800, 53% lower than the U.S. median. Renters pay a median of $1,200 per month, which is 35.2% of household income. Homeowners with a mortgage pay $1,519 a month in housing costs.
Laurel Lake median household income
The median household income in Laurel Lake is $55,574 and the income per person is $26,697. 22.8% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Laurel Lake: homes for sale and rent
- Housing units
- 1,253
- Owner-occupied
- 72.8%
- Renter-occupied
- 27.2%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.31
Laurel Lake demographics
- Population
- 2,641
- Median age
- 41.8
- Under 18
- 20.5%
- 65 and older
- 19.2%
- Households
- 1,142
- Foreign-born
- 1.2%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Laurel Lake ›
Education in Laurel Lake
6% of adults 25 and older in Laurel Lake have a bachelor's degree or higher (New Jersey: 43.6%), and 0% have a graduate or professional degree.
Jobs and commute in Laurel Lake
- Unemployment rate
- 6.9%State: 6.3%
- Average commute
- 27 minState: 31 min
- Work from home
- 3.5%
- Drive alone
- 75.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 92.1%
Laurel Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Laurel Lake | 2,641 | $55,574 | $156,800 | $1,200 |
| Mauricetown | 365 | $65,810 | $173,300 | — |
| Commercial | 4,674 | $55,733 | $161,600 | $1,465 |
| Millville | 27,511 | $70,275 | $219,000 | $1,261 |
| Dorchester | 137 | $79,306 | $160,600 | — |
| Leesburg | 431 | $58,750 | $187,500 | — |
| Maurice River | 5,350 | $76,964 | $220,500 | $1,625 |
| Dividing Creek | 652 | $63,194 | $175,000 | — |
| Centre Grove | 1,339 | $74,813 | $227,300 | — |
More for people moving to Laurel Lake
Laurel Lake ZIP code ›Weather and climate ›Living in Laurel Lake: FAQ
What is the median household income in Laurel Lake, NJ?
The median household income in Laurel Lake is $55,574, 46% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Laurel Lake?
The median home value in Laurel Lake is $156,800, compared with $454,400 in New Jersey.
How much is rent in Laurel Lake?
The median gross rent in Laurel Lake is $1,200 per month, about 35.2% of household income.
Is Laurel Lake, NJ a good place to live?
Pluses: home values 65% lower than the state median; an average commute of 27 minutes. Minuses: median household income 46% lower than the New Jersey median; unemployment of 6.9%; a poverty rate of 22.8%.
What is the median age in Laurel Lake?
The median age in Laurel Lake is 41.8 years (New Jersey: 40.1).
How long is the commute in Laurel Lake?
The average commute to work in Laurel Lake is 27 minutes; 3.5% of workers work from home.
What is the unemployment rate in Laurel Lake?
The unemployment rate in Laurel Lake is 6.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Laurel Lake?
6% of adults in Laurel Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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