CITY
Packanack Lake
New Jersey · 6,321 residents · 1.86 sq mi
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The short version
Packanack Lake is significantly wealthier than the US average, with a median household income of $213,103. Population has held roughly steady since 2023. 64% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $601,000. Poverty is rare here, at 1.6% of residents. It ranks in the top 1% of US cities for household income.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 41.3
US median: 38.9
More educated
64% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Population, 2020 – 2024
20246K
Age distribution, 2024
Under 54.3%(271)
5 to 97.2%(458)
10 to 149%(572)
15 to 195.4%(344)
20 to 244.9%(308)
25 to 3412.3%(778)
35 to 4410.6%(673)
45 to 5412.2%(774)
55 to 6416.5%(1,042)
65 to 7410.2%(646)
75 to 845.4%(342)
85 and over1.8%(113)
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 02
Income & economy
$213,103
+5%inflation adjusted, since 2023
from $196,343 in 2023
US average: $82,259
2020 – 2024
Households earning $100K+
92.3%
+0.4 ptssince 2023
from 91.8% in 2023
US average: 53.3%
Workforce by industry, 2024
Other services14.6%
Public administration12.9%
Information8.3%
Finance & insurance6.9%
Professional, scientific, technical6.1%
Retail trade5.5%
Wholesale trade4.9%
Transportation & warehousing3.3%
Arts, entertainment, food3.1%
Education & health services0.8%
Agriculture, forestry, fishing0.3%
Construction0.3%
Manufacturing0%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
$601,000
−2%inflation adjusted, since 2023
from $594,000 in 2023
US average: $376,019
2020 – 2024
2.8
−7%since 2023
from 3.0 in 2023
2020 – 2024
Our index: median home value divided by median household income. Lower is more affordable.
RELATED:See current rent listings in Packanack Lake on RentDataNow
Section 04
Race & ethnicity
2023
White, non-Hispanic78%(4,781)
Black1.6%(100)
Hispanic / Latino9%(550)
Asian5.5%(334)
Other5.9%(361)
2024
White, non-Hispanic76.2%(4,814)
Black0.6%(37)
Hispanic / Latino10.3%(654)
Asian6.4%(403)
Other6.5%(413)
50
+7%since 2023
from 47 in 2023
2021 – 2024
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
Section 04 · Origins
Detailed origins & ancestry
Hispanic origin
South American3.5%(219)
Puerto Rican2.4%(150)
Spaniard2.3%(145)
Cuban1.4%(91)
Colombian1.2%(78)
Argentine0.9%(60)
Chilean0.6%(41)
Ecuadorian0.4%(27)
Dominican0.3%(22)
Peruvian0.2%(13)
Ancestry
Italian33.3%(2,102)
Irish16.1%(1,016)
German13.2%(832)
English9.1%(575)
Polish7.8%(494)
Arab4%(254)
American3.6%(229)
Dutch2.8%(175)
Swedish2.7%(170)
Russian2.2%(139)
Hungarian2.1%(130)
Egyptian1.7%(107)
+ 22 more ancestry groups with data
Lebanese1.6%(102)
Scottish1.5%(96)
Brazilian1.5%(92)
Welsh1.3%(84)
Ukrainian0.9%(54)
Subsaharan African0.8%(50)
Syrian0.7%(45)
Scotch-Irish0.7%(44)
Austrian0.6%(37)
Slovak0.6%(35)
French0.5%(33)
Cape Verdean0.4%(28)
Greek0.4%(24)
Ghanaian0.3%(22)
Norwegian0.3%(21)
Lithuanian0.3%(18)
Portuguese0.3%(16)
Romanian0.3%(16)
Czech0.2%(15)
French Canadian0.1%(8)
Canadian0.1%(7)
Serbian0.1%(7)
Section 05
Education
High school or higher
97.4%
−0.9 ptssince 2023
from 98.3% in 2023
US average: 89.6%
Section 06
Commute & transportation
Section 07
Work & employment
Section 08
People & community
Marital status
Men 15+
Never married29.7%(765)
Married66.2%(1,704)
Widowed2.9%(75)
Divorced1.2%(31)
Women 15+
Never married25.1%(613)
Married68.1%(1,664)
Widowed3.7%(90)
Divorced3.2%(78)
SHARE WITHIN EACH SEX · POPULATION 15 AND OVER · 2024
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Frequently asked
How many people live in Packanack Lake, New Jersey?
Packanack Lake, New Jersey has about 6,321 residents according to the 2024 American Community Survey.
What is the median household income in Packanack Lake, New Jersey?
The typical household in Packanack Lake, New Jersey earns about $213,103 a year. Half of households make more than that, and half make less.
Is Packanack Lake, New Jersey expensive?
In Packanack Lake, New Jersey, the median home is worth about $601,000, and the typical rent is about $3,501 a month.
How educated are people in Packanack Lake, New Jersey?
About 63.6% of adults age 25 and over in Packanack Lake, New Jersey hold a bachelor's degree or higher.
What is the poverty rate in Packanack Lake, New Jersey?
About 1.6% of people in Packanack Lake, New Jersey live below the federal poverty line.
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New JerseyDATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024