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Medford Lakes, NJ

This is a small community in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.





Overview


Medford Lakes is a very small borough located in the state of New Jersey. With a population of 4,287 people and just one neighborhood, Medford Lakes is the 340th largest community in New Jersey.

Occupations and Workforce

Medford Lakes is a decidedly white-collar borough, with fully 88.81% of the workforce employed in white-collar jobs, well above the national average. Overall, Medford Lakes is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Medford Lakes who work in management occupations (15.34%), sales jobs (14.91%), and healthcare (11.14%).

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: 15.06% 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, Medford Lakes is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.

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 is lower than average for the country.

In Medford Lakes, however, the average commute to work is quite long. On average, people spend 33.16 minutes each day getting to work, which is significantly higher than the national average.

Demographics

If knowledge is power, Medford Lakes is a pretty powerful place. 58.44% of the adults in Medford Lakes have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.

The per capita income in Medford Lakes in 2018 was $59,215, 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 $236,860 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 Tagalog.

Notable & Unique Neighborhood Characteristics

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.

People

In a nation where 1 out of every 4 children lives in poverty, the neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the neighborhood: a neighborhood in which more "urban sophisticates" live than 98.6% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for families with school-aged children and highly educated executives.

Real Estate

Some neighborhoods are made up of apartments. Some consist of row houses, and most - by far - consist of a mixture of housing types. But the neighborhood stands out due to the total dominance of detached, single-family homes here. There are nearly no other types of residential real estate in the neighborhood. In fact, this neighborhood has a higher proportion of single-family homes in its real estate stock than 98.7% of all American neighborhoods.

In addition, owner-occupied real estate dominates the neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.0% of neighborhoods in America.

Diversity

Did you know that the neighborhood has more Irish and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 32.0% of this neighborhood's residents have Irish ancestry and 2.4% have Welsh 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.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a 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 91.8% 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, 57.2% 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 23.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (11.2%), and 7.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 98.2% of households. Some people also speak Italian (27.9%).

Ethnicity / Ancestry

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 (32.0%). There are also a number of people of Italian ancestry (17.2%), and residents who report German roots (14.2%), and some of the residents are also of English ancestry (12.1%), along with some Polish ancestry residents (5.9%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 45 minutes and one hour commuting one-way to work (28.6% of working residents), longer and tougher than most commutes in America.

Here most residents (81.8%) 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.


Real Estate includes:
Average Home Values
Rental Market
Housing Market Details
Neighborhood Setting
Economics & Demographics include:
Lifestyle & Special Character
Household Types
Commute To Work
Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
Income & Unemployment Rate
Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
Property Crime Comparison
Violent Crime Comparison
Schools include:
School Ratings
Schools In District
Public School Test Scores
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Educational Expenditures

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