Medford Lakes is a very small borough located in the state of New Jersey. With a population of 4,260 people and just one neighborhood, Medford Lakes is the 340th largest community in New Jersey.
Housing costs in Medford Lakes are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in New Jersey.
Medford Lakes is a decidedly white-collar borough, with fully 90.09% of the workforce employed in white-collar jobs, well above the national average. Overall, Medford Lakes is a borough of professionals, sales and office workers, and managers. There are especially a lot of people living in Medford Lakes who work in sales jobs (13.81%), management occupations (13.58%), and healthcare (10.46%).
Also of interest is that Medford 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: 9.53% 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.
Because of many things, Medford Lakes is a great place for families with children to consider. First of all, many other families with children live here, making Medford 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, Medford Lakes has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Medford Lakes’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
In Medford Lakes, however, the average commute to work is quite long. On average, people spend 33.62 minutes each day getting to work, which is significantly higher than the national average.
Do you like to read, write and learn? If you move to Medford Lakes, you'll likely find that many of your neighbors like to as well. Medford Lakes is one of the more educated communities in America, with a full 54.87% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in Medford Lakes in 2018 was $52,536, which is upper middle income relative to New Jersey, and wealthy relative to the rest of the US. This equates to an annual income of $210,144 for a family of four.
The people who call Medford Lakes home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Medford Lakes residents report their race to be White, followed by Asian. Important ancestries of people in Medford Lakes include Irish, Italian, German, English, and Polish.
The most common language spoken in Medford Lakes is English. Other important languages spoken here include Italian and Spanish.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Of note is NeighborhoodScout's research finding that the neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the community truly stands out from the rest in this regard.
In addition, according to NeighborhoodScout's exclusive analysis, is among the best neighborhoods for families in New Jersey. In fact, this neighborhood is more family-friendly than 98.5% of neighborhoods in the entire state of New Jersey. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a "Leave It to Beaver" episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for urban sophisticates and college students.
The neighborhood has earned the amazing distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.3% of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 97.9% of all neighborhoods in America.
In addition, real estate in the neighborhood is almost exclusively owner-occupied. NeighborhoodScout's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 96.6% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.
Did you know that the neighborhood has more Irish and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 30.3% of this neighborhood's residents have Irish ancestry and 21.9% have Italian ancestry.
is also pretty special linguistically. Significantly, 27.9% of its residents five years old and above primarily speak Italian at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the neighborhood in Medford Lakes are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 92.2% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the neighborhood, 52.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.9%), and 9.9% in manufacturing and laborer occupations.
The most common language spoken in the neighborhood is English, spoken by 96.1% of households. Some people also speak Italian (27.9%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the neighborhood in Medford Lakes, NJ, residents most commonly identify their ethnicity or ancestry as Irish (30.3%). There are also a number of people of Italian ancestry (21.9%), and residents who report German roots (16.5%), and some of the residents are also of English ancestry (11.8%), along with some Polish ancestry residents (6.9%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 45 minutes and one hour commuting one-way to work (30.8% of working residents), longer and tougher than most commutes in America.
Here most residents (87.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.