Lake Telemark, NJ Profile: Facts & Data

The Lake Telemark CDP⁽¹⁾ had a population of 1,159 as of July 1, 2023. Lake Telemark ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Lake Telemark is located at latitude 40.9568 and longitude -74.4979 in Morris County. The formal boundaries for the Lake Telemark Census Designated Place encompass a land area of 2.2 sq. miles and a water area of 0.06 sq. miles. Morris County is in the Eastern time zone (GMT -5).

The Lake Telemark Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lake Telemark, NJ Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	1,159 (100%)
Population in Households	1,159 (100.0%)
Population in Families	1,019 (87.9%)
Population in Group Quarters¹	0
Population Density	545
Diversity Index²	40


INCOME
Median Household Income	$153,972
Average Household Income	$169,963
% of Income for Mortgage⁴	19%
Per Capita Income	$63,938
Wealth Index⁵	195
Socioeconomic Status Index⁶	High (74.7)

HOUSING
Total HU (Housing Units)	458 (100%)
Owner Occupied HU	343 (74.9%)
Renter Occupied HU	93 (20.3%)
Vacant Housing Units	22 ( 4.8%)
Median Home Value	$476,087
Average Home Value	$533,819
Housing Affordability Index³	107

HOUSEHOLDS
Total Households	436
Average Household Size	2.66
Family Households	330
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lake Telemark, NJ - Peer Comparisons by Rank and Percentile

The table below compares Lake Telemark to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2023 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	2020-2023	2023-2028
Population	-0.34%	-0.61%
Households	0.00%	-0.28%
Families		-0.30%
Median Household Income		0.93%
Per Capita Income		2.70%
Owner Occupied HU		0.17%

Variable Description	Rank	Percentile
Total Population	# 536	24th
Population Density	# 574	18th
Median Household Income	# 102	86th
Housing Affordability Index	# 596	85th
Per Capita Income	# 211	70th
Diversity Index	# 498	29th

Lake Telemark, NJ Profile: Facts & Data

Lake Telemark, New Jersey - Basic Facts

Lake Telemark, NJ Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Telemark, NJ - Peer Comparisons by Rank and Percentile

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