Medford Lakes, NJ Profile: Facts, Map & Data

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Medford Lakes, New Jersey - Basic Facts

The Borough of Medford Lakes had a population of 4,240 as of July 1, 2017. Medford Lakes ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Medford Lakes is located at latitude 39.8536 and longitude -74.8117 in Burlington County. The formal boundaries for the Borough of Medford Lakes (see map below) encompass a land area of 1.16 sq. miles and a water area of 0.13 sq. miles. Burlington County is in the Eastern time zone (GMT -5). The elevation is 75 feet.

The Borough of Medford Lakes (GNIS ID: 885295) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Beneath the boundary map are tables with Medford Lakes population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2017.

Alternate Unofficial Names for Medford Lakes: Aetna Furnace, Ballinger's Mills, Etna, Etna Furnace, Etna Mills, Taunton Furnace.


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Borough of Medford Lakes, NJ Boundary Map



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Medford Lakes, NJ Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 4,240
Daytime Population: Workers 838
Daytime Population: Residents 1,833
Total Daytime Population (TDP) 2,671
Ratio TDP/Total Population1 0.63
Population in Households 4,240
Population in Familes 3,799
Population in Group Qrtrs 0
Population Density2 3,651
Diversity Index3 11
 

INCOME

Median Household Income $105,184
Average Household Income $134,156
Per Capita Income $47,651

HOUSING

Total Housing Units 1,568 (100%)
Owner Occupied HU 1,400 (89.3%)
Renter Occupied HU 106 ( 6.8%)
Vacant Housing Units 62 ( 4.0%)
Median Home Value $313,247
Average Home Value $369,214
 

HOUSEHOLDS

Total Households 1,506
Average Household Size 2.82
Family Households 1,203
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 0.31% 0.4%
Households 0.21% 0.33%
Families 0.2% 0.31%
Median Household Income   1.53%
Per Capita Income   2.38%

Medford Lakes, NJ - Peer Comparisons by Rank and Percentile

The table below compares Medford Lakes to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 293 46th
Population Density # 184 66th
Diversity Index # 518 5th
Median Household Income # 126 77th
Per Capita Income # 153 72nd

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.

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