Living in Medford Lakes, New Jersey
Cost of living, income, home prices, rent and demographics of Medford Lakes · Census data 2020–2024
Medford Lakes has 4,297 residents with a median age of 44.4. The median household income is $141,188 (36% higher than the New Jersey median), the median home value is $402,900, the median rent is $2,211/month.
Medford Lakes at a glance
- Population
- 4,297
- Median age
- 44.4State: 40.1
- Median household income
- $141,188State: $103,556
- Median home value
- $402,900State: $454,400
- Median rent
- $2,211/moState: $1,720
- Homeowners
- 90%
- Bachelor's degree or higher
- 65.7%
- Average commute
- 32 min
Is Medford Lakes a good place to live?
Pros: Median household income 36% higher than the New Jersey median; home values 11% lower than the state median; unemployment of 3.4%; a poverty rate of 1.1%.
Cons: An average commute of 32 minutes.
The weather is best in May–June and August–September.
Cost of living in Medford Lakes
Housing is the biggest part of the cost of living. In Medford Lakes the median home value is $402,900, 21% higher than the U.S. median. Renters pay a median of $2,211 per month, which is 31.9% of household income. Homeowners with a mortgage pay $2,886 a month in housing costs.
Medford Lakes median household income
The median household income in Medford Lakes is $141,188 and the income per person is $57,861. 1.1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Medford Lakes: homes for sale and rent
- Housing units
- 1,546
- Owner-occupied
- 90%
- Renter-occupied
- 10%
- Vacant
- 3.7%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.89
Medford Lakes demographics
- Population
- 4,297
- Median age
- 44.4
- Under 18
- 25.2%
- 65 and older
- 20.1%
- Households
- 1,489
- Foreign-born
- 2.4%
- Veterans
- 2.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Medford Lakes ›
Education in Medford Lakes
65.7% of adults 25 and older in Medford Lakes have a bachelor's degree or higher (New Jersey: 43.6%), and 29.7% have a graduate or professional degree.
Jobs and commute in Medford Lakes
- Unemployment rate
- 3.4%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 18.4%
- Drive alone
- 79.1%
- Public transit
- 1.1%
- Walk to work
- 0%
- Homes with broadband
- 94.2%
Medford Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Medford Lakes | 4,297 | $141,188 | $402,900 | $2,211 |
| Medford | 24,812 | $157,969 | $514,800 | $1,589 |
| Evesham | 48,179 | $118,670 | $397,600 | $2,046 |
| Leisuretowne | 3,564 | $55,357 | $246,400 | $1,689 |
| Atco | 8,164 | $105,847 | $275,000 | $1,532 |
| Vincentown | 531 | $105,547 | $271,500 | $3,119 |
| Southampton | 10,372 | $97,995 | $314,400 | $1,755 |
| Shamong | 6,497 | $128,271 | $442,400 | $2,228 |
| Marlton | 10,922 | $94,464 | $341,100 | $1,720 |
More for people moving to Medford Lakes
Medford Lakes ZIP code ›Weather and climate ›Living in Medford Lakes: FAQ
What is the median household income in Medford Lakes, NJ?
The median household income in Medford Lakes is $141,188, 36% higher 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 Medford Lakes?
The median home value in Medford Lakes is $402,900, compared with $454,400 in New Jersey.
How much is rent in Medford Lakes?
The median gross rent in Medford Lakes is $2,211 per month, about 31.9% of household income.
Is Medford Lakes, NJ a good place to live?
Pluses: median household income 36% higher than the New Jersey median; home values 11% lower than the state median; unemployment of 3.4%; a poverty rate of 1.1%. Minuses: an average commute of 32 minutes.
What is the median age in Medford Lakes?
The median age in Medford Lakes is 44.4 years (New Jersey: 40.1).
How long is the commute in Medford Lakes?
The average commute to work in Medford Lakes is 32 minutes; 18.4% of workers work from home.
What is the unemployment rate in Medford Lakes?
The unemployment rate in Medford Lakes is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Medford Lakes?
65.7% of adults in Medford Lakes 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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