Medford Lakes, NJ
Population 4,267 · New Jersey
About Medford Lakes, NJ
Medford Lakes is a small community in New Jersey with a population of 4,267 residents. The median household income is $151,190 per year, which is above the national average. The median age in Medford Lakes is 46.1 years.
Housing in Medford Lakes has a median home value of $368,200 and median monthly rent of $2,136. Of the 1,516 total housing units, the majority are owner-occupied, with 1,340 owner-occupied and 124 renter-occupied units.
The unemployment rate in Medford Lakes is 3.6% and the poverty rate is 1.3%. 59.9% of residents hold a bachelor's degree or higher. The average commute time is 33.1 minutes.
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.
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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 Census data.
What is the median household income in Medford Lakes?
The median household income in Medford Lakes, NJ is $151,190 per year.
What is the median home value in Medford Lakes?
The median home value in Medford Lakes, NJ is $368,200.
What is the average rent in Medford Lakes?
The median monthly rent in Medford Lakes, NJ is $2,136.
What is the unemployment rate in Medford Lakes?
The unemployment rate in Medford Lakes, NJ is 3.6%.