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Spring Lake, NJ

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





Overview


Spring Lake is a very small coastal borough (i.e. on the ocean, a bay, or inlet) located in the state of New Jersey. With a population of 2,776 people and just one neighborhood, Spring Lake is the 390th largest community in New Jersey. Much of the housing stock in Spring Lake was built prior to World War II, making it one of the older and more historic boroughs in the country.

Spring Lake home prices are not only among the most expensive in New Jersey, but Spring Lake real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Spring Lake is a decidedly white-collar borough, with fully 94.40% of the workforce employed in white-collar jobs, well above the national average. Overall, Spring Lake is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Spring Lake who work in management occupations (30.17%), business and financial occupations (20.68%), and sales jobs (9.49%).

Also of interest is that Spring Lake has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Spring Lake telecommute to their jobs. Overall, about 25.43% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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

Another notable thing is that Spring Lake is a major vacation destination. Much of the borough’s population is seasonal: many people own second homes and only live there part-time, during the vacation season. The effect on the local economy is that many of the businesses are dependent on tourist dollars, and may operate only during the high season. As the vacation season ends, Spring Lake’s population drops significantly, such that year-round residents will notice that the city is a much quieter place to live.

In addition, Spring Lake is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Because of many things, Spring Lake is a great place for families with children to consider. First of all, many other families with children live here, making Spring Lake 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, Spring Lake has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Spring Lake’s overall crime rate is lower than average for the country.

Spring Lake is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.

In Spring Lake, however, the average commute to work is quite long. On average, people spend 35.85 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit.

Even though Spring Lake is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.

Demographics

If knowledge is power, Spring Lake is a pretty powerful place. 84.46% of the adults in Spring Lake 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 Spring Lake in 2018 was $112,232, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $448,928 for a family of four.

The people who call Spring Lake home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Spring Lake residents report their race to be White, followed by Asian. Important ancestries of people in Spring Lake include Irish, Italian, German, English, and Polish.

The most common language spoken in Spring Lake is English. Other important languages spoken here include Slavic languages and Spanish.

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.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

In addition, one way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.7% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

Furthermore, despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 36.8%, which is higher than 96.9% of all U.S. neighborhoods.

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, a majority of the adults in the neighborhood are wealthy and educated executives. They own stately homes that tend to maintain high real estate appreciation rates. Their upper-level careers keep them busy, but allow them to live comfortably. If you're an executive and want to keep similar company, consider settling in this neighborhood, rated as an executive lifestyle "best choice" neighborhood for New Jersey by NeighborhoodScout's analysis, which rated it as better for executive lifestyles than 99.6% of the neighborhoods in New Jersey. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for urban sophisticates and active retirees.

Also, the rate of college educated adults in the neighborhood is a unique characteristic of the neighborhood. 84.5% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 98.9% of all U.S. neighborhoods.

Finally, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the neighborhood may actually hold the key. 70.1% of its residents are married, which is a higher percentage than is found in 96.4% of the neighborhoods in America.

Modes of Transportation

If you like to ride a ferry to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 3.3% of the neighborhood's commuters ride a ferry to and from work each day, which is more than we found in 99.7% of America's neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 20.2% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 99.6% of all neighborhoods in America.

Occupations

The neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.5% of the neighborhoods in America. In fact, 77.7% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Diversity

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, 35.0% of this neighborhood's residents have Irish ancestry and 23.4% have Italian ancestry.

The Neighbors

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 Spring Lake 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 94.9% 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.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 77.7% 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 13.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (5.6%), and 2.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the neighborhood is English, spoken by 96.4% of households.

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 Spring Lake, NJ, residents most commonly identify their ethnicity or ancestry as Irish (35.0%). There are also a number of people of Italian ancestry (23.4%), and residents who report German roots (11.9%), and some of the residents are also of English ancestry (7.3%), along with some Polish ancestry residents (5.1%), 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 under 15 minutes commuting one-way to work (26.6% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (20.2%) who commute over an hour in each direction.

Here most residents (59.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (5.3%) . 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
School District Enrollment
Educational Expenditures

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