Packanack Lake, NJ
Population 6,126 · New Jersey
About Packanack Lake, NJ
Packanack Lake is a small community in New Jersey with a population of 6,126 residents. The median household income is $196,343 per year, which is above the national average. The median age in Packanack Lake is 43.9 years.
Housing in Packanack Lake has a median home value of $594,000 and median monthly rent of $3,501. Of the 1,987 total housing units, the majority are owner-occupied, with 1,904 owner-occupied and 83 renter-occupied units.
The unemployment rate in Packanack Lake is 3.4% and the poverty rate is 1.0%. 66.0% of residents hold a bachelor's degree or higher. The average commute time is 28.4 minutes.
Cost of Living in Packanack Lake, NJ
Compared to national averages, Packanack Lake has a median household income of $196,343 (161% above the national median of $75,149). Home values average $594,000, which is 143% above the national median. Monthly rent at $3,501 is 201% above the US average of $1,163. Within New Jersey, Packanack Lake's income is 70% above the state average of $115,667, and home values are 26% above the state median of $469,644.
Why Live in Packanack Lake, NJ?
Packanack Lake offers a strong local economy with a median household income of $196,343, well above the national average, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 66.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $594,000. However, Packanack Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Packanack Lake has a population of 6,126 with a median age of 43.9 years. Compare Packanack Lake with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Packanack Lake
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laurence Harbor | 6,130 | $89,500 | $327,900 | Compare |
| Oceanport | 6,130 | $156,196 | $685,800 | Compare |
| Woodcliff Lake | 6,097 | $211,233 | $901,800 | Compare |
| Little Silver | 6,096 | $220,746 | $870,700 | Compare |
| Mays Landing | 6,178 | $80,777 | $236,500 | Compare |
| Fair Haven | 6,182 | $237,132 | $943,300 | Compare |
| Bridgewater Center | 6,198 | $201,250 | $649,900 | Compare |
| Roseland | 6,211 | $160,644 | $640,600 | 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 Packanack Lake
What is the population of Packanack Lake, NJ?
The population of Packanack Lake, NJ is 6,126 according to the latest Census data.
What is the median household income in Packanack Lake?
The median household income in Packanack Lake, NJ is $196,343 per year.
What is the median home value in Packanack Lake?
The median home value in Packanack Lake, NJ is $594,000.
What is the average rent in Packanack Lake?
The median monthly rent in Packanack Lake, NJ is $3,501.
What is the unemployment rate in Packanack Lake?
The unemployment rate in Packanack Lake, NJ is 3.4%.