CensusEasy
CITY · 2020 ACS

Packanack Lake

New Jersey · 6,261 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 $142,353. Population has held roughly steady since 2021. 63% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value is $497,600. Poverty is rare here, at 2.1% of residents. Households here earn about 67% more than the New Jersey median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 42.7
US median: 38.8
More educated
63% hold a bachelor's degree
US average: 33%
Stable housing
home values roughly flat, inflation adjusted
US median home: $265,253
Section 01

Population & growth

6,261
+6%vs 2021
vs 5,891 in 2021
2020 – 2024
3,366 / sq mi
+6%vs 2021
vs 3,167 / sq mi in 2021
US average: 280
42.7
−3%vs 2021
vs 44.2 in 2021
US average: 38.8
Population, 20202024
6K6K6K6K6K20202024Packanack Lake
20246K
20202024
Section 02

Income & economy

$142,353
−6%inflation adjusted, since 2021
vs $159,400 in 2021
US average: $66,278
2020 – 2024
$59,498
−12%vs 2021
vs $67,474 in 2021
US average: $35,364
Households earning $100K+
83.4%
−2.5 ptsvs 2021
vs 85.8% in 2021
US average: 43.9%
2.1%
+0.6 ptsvs 2021
vs 1.5% in 2021
US average: 12.8%
Workforce by industry, 2020
Retail trade18.3%
US avg: 10%
Other services11.1%
US avg: 6.6%
Public administration9.1%
US avg: 4.7%
Information7.8%
US avg: 11.1%
Arts, entertainment, food4.3%
US avg: 2%
Finance & insurance4.1%
US avg: 5.5%
Wholesale trade3.6%
US avg: 6.7%
Professional, scientific, technical3%
US avg: 4.7%
Transportation & warehousing2.8%
US avg: 2.5%
Education & health services1.1%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$497,600
+1%inflation adjusted, since 2021
vs $516,200 in 2021
US average: $265,253
2020 – 2024
$2,875
−2%inflation adjusted, since 2021
vs $3,059 in 2021
US average: $1,124
97.0%
−0.3 ptsvs 2021
vs 97.3% in 2021
3.0% rent
3.5
+8%vs 2021
vs 3.2 in 2021
2020 – 2024
RELATED:See current rent listings in Packanack Lake on RentDataNow
Section 04

Race & ethnicity

2021
White, non-Hispanic82.6%(4,865)
Black2.8%(167)
Hispanic / Latino7.6%(449)
Asian2%(116)
Other5%(294)
Diversity Score38.6%(2,272)
2020
White, non-Hispanic82.5%(5,165)
Black0.6%(35)
Hispanic / Latino8.9%(555)
Asian4.5%(281)
Other6%(376)
Diversity Score42.3%(2,647)
42
+10%vs 2021
vs 39 in 2021
2020 – 2024
Section 05

Education

63.0%
−2.3 ptsvs 2021
vs 65.3% in 2021
US average: 32.9%
High school or higher
97.8%
Unchangedvs 2021
vs 97.8% in 2021
US average: 88.5%
25.7%
−2.8 ptsvs 2021
vs 28.5% in 2021
US average: 12.7%
Section 06

Commute & transportation

31.0 min
−4%vs 2021
vs 32.4 min in 2021
US average: 26.9
76.0%
+6.6 ptsvs 2021
vs 69.3% in 2021
US average: 75.1%
0.7%
−0.4 ptsvs 2021
vs 1.1% in 2021
US average: 8.4%
Section 07

Work & employment

5.9%
−0.1 ptsvs 2021
vs 6.0% in 2021
US average: 5.4%
66.9%
+0.4 ptsvs 2021
vs 66.4% in 2021
US average: 63.4%
62.1%
−1.1 ptsvs 2021
vs 63.2% in 2021
US average: 39.3%
Section 08

People & community

51.4%
+1.2 ptsvs 2021
vs 50.2% in 2021
48.6%
−1.2 ptsvs 2021
vs 49.8% in 2021
10.6%
+3.2 ptsvs 2021
vs 7.4% in 2021
US average: 13.5%
2.6%
−0.1 ptsvs 2021
vs 2.7% in 2021
US average: 8.8%
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Frequently asked

How many people live in Packanack Lake, New Jersey?

Packanack Lake, New Jersey has about 6,261 residents according to the 2020 American Community Survey.

What is the median household income in Packanack Lake, New Jersey?

The typical household in Packanack Lake, New Jersey earns about $142,353 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 $497,600, and the typical rent is about $2,875 a month.

How educated are people in Packanack Lake, New Jersey?

About 63.0% 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 2.1% of people in Packanack Lake, New Jersey live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →