Spring Lake, NJ Profile: Facts & Data

The Borough of Spring Lake had a population of 2,749 as of July 1, 2022. Spring Lake 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 Spring Lake is located at latitude 40.1534 and longitude -74.0282 in Monmouth County. The formal boundaries for the Borough of Spring Lake encompass a land area of 1.33 sq. miles and a water area of 0.4 sq. miles. Monmouth County is in the Eastern time zone (GMT -5). The elevation is 16 feet.

The Borough of Spring Lake 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 Spring Lake: Spring Lake Beach, Springlake Beach.

Spring Lake, NJ Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	2,749 (100%)
Population in Households	2,740 (99.7%)
Population in Families	2,272 (82.6%)
Population in Group Quarters¹	9 ( 0.3%)
Population Density	2,063
Diversity Index²	18


INCOME
Median Household Income	$111,894
Average Household Income	$180,486
% of Income for Mortgage⁴	69%
Per Capita Income	$80,631
Wealth Index⁵	245

HOUSING
Total HU (Housing Units)	2,125 (100%)
Owner Occupied HU	994 (46.8%)
Renter Occupied HU	234 (11.0%)
Vacant Housing Units	897 (42.2%)
Median Home Value	$1,469,543
Average Home Value	$1,515,568
Housing Affordability Index³	37

HOUSEHOLDS
Total Households	1,228
Average Household Size	2.23
Family Households	787
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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 races 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.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Spring Lake, NJ - Peer Comparisons by Rank and Percentile

The table below compares Spring Lake to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.64%	0.04%
Households	0.11%	0.21%
Families		0.23%
Median Household Income		1.78%
Per Capita Income		2.24%
Owner Occupied HU		0.46%

Variable Description	Rank	Percentile
Total Population	# 403	43rd
Population Density	# 361	49th
Median Household Income	# 244	65th
Housing Affordability Index	# 27	4th
Per Capita Income	# 82	88th
Diversity Index	# 679	3rd

Spring Lake, NJ Profile: Facts & Data

Spring Lake, New Jersey - Basic Facts

Spring Lake, NJ Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Spring Lake, NJ - Peer Comparisons by Rank and Percentile

Spring Lake, NJ - Most Popular Things to Do

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