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ZipNumbers

New Jersey · Census place 55620

Packanack Lake CDP, NJ

Quick answer

Packanack Lake CDP has 6,126 residents, ranking #257 of 700 places in New Jersey. Median household income is $196,343, the median home is worth $594,000 and median gross rent runs $3,501 a month.

Population
6,126Packanack Lake CDP residents
Median household income
$196,343Past 12 months, inflation adjusted
Median home value
$594,000Owner-occupied units
Median gross rent
$3,501Rent plus utilities, monthly
Median age
43.9 yrsAll residents
Homeownership rate
95.8%Owner-occupied households

What the numbers mean in Packanack Lake CDP

Housing cost measured against local earnings.

A household earning the Packanack Lake CDP median would spend about 21.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 1% of residents and 95.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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