Medford Lakes, NJ
Population 4,267 · New Jersey
About Medford Lakes, NJ
Medford Lakes is a small town located in New Jersey with a population of 4,267 residents according to the latest US Census Bureau American Community Survey data. The median household income is $151,190 per year, which is 101% above the national median of $75,149. The median age of 46.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Medford Lakes features a median home value of $368,200, which is 50% above the national median of $244,900. This places Medford Lakes in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,136, 84% above the national average of $1,163/month. Of the 1,516 total housing units, 92% are owner-occupied (1,340 units) and 8% are renter-occupied (124 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Medford Lakes shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Medford Lakes have an average one-way commute time of 33.1 minutes.
Education & Demographics
59.9% of Medford Lakes residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.1% Hispanic or Latino, 1.6% Black or African American, and 0.5% Asian residents, with 2.5% of the population being foreign-born.
Cost of Living in Medford Lakes, NJ
Compared to national averages, Medford Lakes has a median household income of $151,190 (101% above the national median of $75,149). Home values average $368,200, which is 50% above the national median. Monthly rent at $2,136 is 84% above the US average of $1,163. Within New Jersey, Medford Lakes's income is 31% above the state average of $115,667, and home values are 22% below the state median of $469,644.
Why Live in Medford Lakes, NJ?
Medford Lakes offers a strong local economy with a median household income of $151,190, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 59.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $368,200. However, Medford Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Medford Lakes has a population of 4,267 with a median age of 46.1 years. Compare Medford Lakes with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Medford Lakes
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bradley Beach | 4,264 | $94,722 | $857,200 | Compare |
| Westville | 4,285 | $78,333 | $183,500 | Compare |
| Holiday City South | 4,294 | $55,298 | $244,300 | Compare |
| Ho-Ho-Kus | 4,230 | $250,001 | $1,032,800 | Compare |
| Leisure Village East | 4,309 | $47,231 | $211,600 | Compare |
| Wanamassa | 4,344 | $167,712 | $526,400 | Compare |
| Magnolia | 4,360 | $89,489 | $221,100 | Compare |
| Shrewsbury | 4,162 | $144,500 | $735,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Medford Lakes With Other Cities
Frequently Asked Questions about Medford Lakes
What is the population of Medford Lakes, NJ?
The population of Medford Lakes, NJ is 4,267 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Medford Lakes?
The median household income in Medford Lakes, NJ is $151,190 per year, which is 101% above the national median of $75,149.
What is the median home value in Medford Lakes?
The median home value in Medford Lakes, NJ is $368,200, which is 50% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Medford Lakes?
The median monthly rent in Medford Lakes, NJ is $2,136, which is 84% above the national average of $1,163/month.
What is the unemployment rate in Medford Lakes?
The unemployment rate in Medford Lakes, NJ is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Medford Lakes, NJ a good place to live?
Medford Lakes offers above-average incomes, a competitive housing market, and a strong job market. With a population of 4,267 and a median age of 46.1, the city appeals to established professionals and retirees.
How educated is Medford Lakes, NJ?
59.9% of residents in Medford Lakes aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Medford Lakes?
Key cost-of-living indicators for Medford Lakes, NJ: median home value is $368,200 (50% above national), median rent is $2,136/month, and median household income is $151,190. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Medford Lakes?
The poverty rate in Medford Lakes, NJ is 1.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Medford Lakes, NJ?
Medford Lakes's population is 0.0% White, 0.1% Hispanic or Latino, 1.6% Black or African American, 0.5% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.