The Borough of Medford Lakes had a population of 4,145 as of July 1, 2021. 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 39.8584 and longitude -74.8029 in Burlington County. The formal boundaries for the Borough of Medford Lakes 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 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.
Alternate Unofficial Names for Medford Lakes: Aetna Furnace, Ballinger's Mills, Etna, Etna Furnace, Etna Mills, Taunton Furnace.
|Total Population||4,145 (100%)|
|Population in Households||4,145 (100.0%)|
|Population in Families||3,704 (89.4%)|
|Population in Group Quarters1||0|
|Median Household Income||$112,249|
|Average Household Income||$134,525|
|% of Income for Mortgage4||12%|
|Per Capita Income||$48,065|
|Total HU (Housing Units)||1,547 (100%)|
|Owner Occupied HU||1,372 (88.7%)|
|Renter Occupied HU||109 ( 7.0%)|
|Vacant Housing Units||66 ( 4.3%)|
|Median Home Value||$328,337|
|Average Home Value||$371,665|
|Housing Affordability Index3||134|
|Average Household Size||2.8|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.06%|
|Per Capita Income||1.87%|
|Owner Occupied HU||0.01%|
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, 2021 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.
|Total Population||# 294||46th|
|Population Density||# 183||67th|
|Median Household Income||# 143||74th|
|Housing Affordability Index||# 341||63rd|
|Per Capita Income||# 224||59th|
|Diversity Index||# 514||6th|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.