Living in Mountain Lakes, New Jersey
Cost of living, income, home prices, rent and demographics of Mountain Lakes · Census data 2020–2024
Mountain Lakes has 4,585 residents with a median age of 43.4. The median household income is $250,001 (141% higher than the New Jersey median), the median home value is $917,000, the median rent is $3,501/month.
Mountain Lakes at a glance
- Population
- 4,585
- Median age
- 43.4State: 40.1
- Median household income
- $250,001State: $103,556
- Median home value
- $917,000State: $454,400
- Median rent
- $3,501/moState: $1,720
- Homeowners
- 96.1%
- Bachelor's degree or higher
- 85.9%
- Average commute
- 34 min
Is Mountain Lakes a good place to live?
Pros: Median household income 141% higher than the New Jersey median; unemployment of 2.4%; a poverty rate of 1.3%.
Cons: Home values 102% higher than the state median; an average commute of 34 minutes.
The weather is best in May–June and August–September.
Cost of living in Mountain Lakes
Housing is the biggest part of the cost of living. In Mountain Lakes the median home value is $917,000, 176% higher than the U.S. median. Renters pay a median of $3,501 per month, which is 24.3% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Mountain Lakes median household income
The median household income in Mountain Lakes is $250,001 and the income per person is $116,093. 1.3% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Mountain Lakes: homes for sale and rent
- Housing units
- 1,492
- Owner-occupied
- 96.1%
- Renter-occupied
- 3.9%
- Vacant
- 3.3%Includes seasonal homes
- Median year built
- 1949
- Average household size
- 3.18
Mountain Lakes demographics
- Population
- 4,585
- Median age
- 43.4
- Under 18
- 32.7%
- 65 and older
- 13.2%
- Households
- 1,443
- Foreign-born
- 13.3%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Mountain Lakes ›
Education in Mountain Lakes
85.9% of adults 25 and older in Mountain Lakes have a bachelor's degree or higher (New Jersey: 43.6%), and 45.9% have a graduate or professional degree.
Jobs and commute in Mountain Lakes
- Unemployment rate
- 2.4%State: 6.3%
- Average commute
- 34 minState: 31 min
- Work from home
- 30.8%
- Drive alone
- 56.7%
- Public transit
- 5.8%
- Walk to work
- 1.3%
- Homes with broadband
- 100%
Mountain Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mountain Lakes | 4,585 | $250,001 | $917,000 | $3,501 |
| Rainbow Lakes | 1,375 | $93,051 | $481,800 | $2,022 |
| Mount Tabor | 1,184 | $115,199 | $454,800 | — |
| Parsippany-Troy Hills | 56,397 | $112,327 | $536,200 | $1,736 |
| Parsippany | 21,345 | $99,405 | $555,400 | $1,742 |
| Denville | 17,205 | $160,817 | $564,600 | $1,817 |
| Boonton | 8,854 | $114,302 | $495,400 | $1,849 |
| Lake Hiawatha | 11,018 | $104,663 | $428,600 | $1,550 |
| Troy Hills | 5,179 | $183,707 | $650,500 | $3,108 |
More for people moving to Mountain Lakes
Mountain Lakes ZIP code ›Weather and climate ›Living in Mountain Lakes: FAQ
What is the median household income in Mountain Lakes, NJ?
The median household income in Mountain Lakes is $250,001, 141% 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 Mountain Lakes?
The median home value in Mountain Lakes is $917,000, compared with $454,400 in New Jersey.
How much is rent in Mountain Lakes?
The median gross rent in Mountain Lakes is $3,501 per month, about 24.3% of household income.
Is Mountain Lakes, NJ a good place to live?
Pluses: median household income 141% higher than the New Jersey median; unemployment of 2.4%; a poverty rate of 1.3%. Minuses: home values 102% higher than the state median; an average commute of 34 minutes.
What is the median age in Mountain Lakes?
The median age in Mountain Lakes is 43.4 years (New Jersey: 40.1).
How long is the commute in Mountain Lakes?
The average commute to work in Mountain Lakes is 34 minutes; 30.8% of workers work from home.
What is the unemployment rate in Mountain Lakes?
The unemployment rate in Mountain Lakes is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mountain Lakes?
85.9% of adults in Mountain 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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