Living in Spring Lake, New Jersey
Cost of living, income, home prices, rent and demographics of Spring Lake · Census data 2020–2024
Spring Lake has 2,779 residents with a median age of 59.8. The median household income is $215,625 (108% higher than the New Jersey median), the median home value is $2,000,001, the median rent is $2,175/month.
Spring Lake at a glance
- Population
- 2,779
- Median age
- 59.8State: 40.1
- Median household income
- $215,625State: $103,556
- Median home value
- $2,000,001State: $454,400
- Median rent
- $2,175/moState: $1,720
- Homeowners
- 91.8%
- Bachelor's degree or higher
- 84.1%
- Average commute
- 33 min
Is Spring Lake a good place to live?
Pros: Median household income 108% higher than the New Jersey median; unemployment of 2.4%; a poverty rate of 1%.
Cons: Home values 340% higher than the state median; an average commute of 33 minutes.
The weather is best in June to September.
Cost of living in Spring Lake
Housing is the biggest part of the cost of living. In Spring Lake the median home value is $2,000,001, 501% higher than the U.S. median. Renters pay a median of $2,175 per month, which is 30.6% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Spring Lake median household income
The median household income in Spring Lake is $215,625 and the income per person is $130,192. 1% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Spring Lake: homes for sale and rent
- Housing units
- 2,011
- Owner-occupied
- 91.8%
- Renter-occupied
- 8.2%
- Vacant
- 37.4%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.20
37.4% of homes are vacant most of the year, a sign that Spring Lake has many vacation and second homes.
Spring Lake demographics
- Population
- 2,779
- Median age
- 59.8
- Under 18
- 10.8%
- 65 and older
- 37%
- Households
- 1,259
- Foreign-born
- 3.3%
- Veterans
- 5.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Spring Lake ›
Education in Spring Lake
84.1% of adults 25 and older in Spring Lake have a bachelor's degree or higher (New Jersey: 43.6%), and 44.9% have a graduate or professional degree.
Jobs and commute in Spring Lake
- Unemployment rate
- 2.4%State: 6.3%
- Average commute
- 33 minState: 31 min
- Work from home
- 29.2%
- Drive alone
- 61.4%
- Public transit
- 5.4%
- Walk to work
- 3.2%
- Homes with broadband
- 96.3%
Spring Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spring Lake | 2,779 | $215,625 | $2,000,001 | $2,175 |
| Spring Lake Heights | 4,861 | $106,758 | $721,100 | $1,863 |
| Lake Como | 1,619 | $82,045 | $634,500 | $1,810 |
| West Belmar | 2,862 | $108,629 | $531,300 | $1,687 |
| Sea Girt | 1,980 | $213,750 | $2,000,001 | $3,455 |
| Belmar | 5,869 | $93,573 | $861,800 | $1,744 |
| Avon-by-the-Sea | 2,030 | $122,635 | $1,509,600 | $2,078 |
| Shark River Hills | 2,974 | $139,524 | $523,400 | — |
| Manasquan | 5,922 | $142,944 | $988,100 | $2,030 |
More for people moving to Spring Lake
Spring Lake ZIP code ›Weather and climate ›Living in Spring Lake: FAQ
What is the median household income in Spring Lake, NJ?
The median household income in Spring Lake is $215,625, 108% 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 Spring Lake?
The median home value in Spring Lake is $2,000,001, compared with $454,400 in New Jersey.
How much is rent in Spring Lake?
The median gross rent in Spring Lake is $2,175 per month, about 30.6% of household income.
Is Spring Lake, NJ a good place to live?
Pluses: median household income 108% higher than the New Jersey median; unemployment of 2.4%; a poverty rate of 1%. Minuses: home values 340% higher than the state median; an average commute of 33 minutes.
What is the median age in Spring Lake?
The median age in Spring Lake is 59.8 years (New Jersey: 40.1).
How long is the commute in Spring Lake?
The average commute to work in Spring Lake is 33 minutes; 29.2% of workers work from home.
What is the unemployment rate in Spring Lake?
The unemployment rate in Spring Lake is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spring Lake?
84.1% of adults in Spring 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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