Mountain Lakes is a very small borough located in the state of New Jersey. With a population of 4,269 people and just one neighborhood, Mountain Lakes is the 353rd largest community in New Jersey.
Real Estate Prices
Mountain Lakes home prices are not only among the most expensive in New Jersey, but Mountain Lakes real estate also consistently ranks among the most expensive in America.
Occupations and Workforce
Mountain Lakes is a decidedly white-collar borough, with fully 97.34% of the workforce employed in white-collar jobs, well above the national average. Overall, Mountain Lakes is a borough of professionals, managers and sales and office workers. There are especially a lot of people living in Mountain Lakes who work in management occupations (20.34%), sales jobs (17.24%) and office and administrative support (9.65%).
Also of interest is that Mountain Lakes has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.44% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Setting & Lifestyle
In addition, Mountain Lakes is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Mountain Lakes is a great place for families with children to consider. First of all, many other families with children live here, making Mountain Lakes a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Mountain Lakes has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Mountain Lakes’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
Even though Mountain Lakes is a smaller borough, it has many people who hop on public transportation – mostly the bus for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.