Lincoln Park, NJ Profile: Facts & Data

Lincoln Park, New Jersey - Basic Facts

The Borough of Lincoln Park had a population of 10,730 as of July 1, 2023.

The primary coordinate point for Lincoln Park is located at latitude 40.9243 and longitude -74.3021 in Morris County. The formal boundaries for the Borough of Lincoln Park encompass a land area of 6.38 sq. miles and a water area of 0.53 sq. miles. Morris County is in the Eastern time zone (GMT -5).

The Borough of Lincoln Park 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.

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Lincoln Park, NJ Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	10,730 (100%)
Population in Households	10,059 (93.7%)
Population in Families	8,160 (76.0%)
Population in Group Quarters¹	671 ( 6.3%)
Population Density	1,677
Diversity Index²	56


INCOME
Median Household Income	$104,126
Average Household Income	$128,345
% of Income for Mortgage⁴	23%
Per Capita Income	$48,883
Wealth Index⁵	124
Socioeconomic Status Index⁶	Moderate (58.7)

HOUSING
Total HU (Housing Units)	4,189 (100%)
Owner Occupied HU	3,120 (74.5%)
Renter Occupied HU	957 (22.8%)
Vacant Housing Units	112 ( 2.7%)
Median Home Value	$396,332
Average Home Value	$439,087
Housing Affordability Index³	87

HOUSEHOLDS
Total Households	4,077
Average Household Size	2.47
Family Households	2,581
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

4,189 (100%)

Owner Occupied HU

3,120 (74.5%)

Renter Occupied HU

957 (22.8%)

Vacant Housing Units

112 ( 2.7%)

Median Home Value

$396,332

Average Home Value

$439,087

Housing Affordability Index³

HOUSEHOLDS

Total Households

4,077

Average Household Size

2.47

Family Households

2,581

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.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-0.52%	-0.24%
Households	0.11%	0.03%
Families		0.01%
Median Household Income		1.69%
Per Capita Income		2.65%
Owner Occupied HU		0.39%

GROWTH RATE / YEAR

2020-2023

2023-2028

Population

-0.52%

-0.24%

Households

0.11%

0.03%

Families

0.01%

Median Household Income

1.69%

Per Capita Income

2.65%

Owner Occupied HU

0.39%

Lincoln Park, NJ - Peer Comparisons by Rank and Percentile

The table below compares Lincoln Park 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.

Variable Description	Rank	Percentile
Total Population	# 142	80th
Population Density	# 411	41st
Median Household Income	# 299	57th
Housing Affordability Index	# 399	57th
Per Capita Income	# 386	45th
Diversity Index	# 314	55th

Variable Description

Rank

Percentile

Total Population

# 142

80th

Population Density

# 411

41st

Median Household Income

# 299

57th

Housing Affordability Index

# 399

57th

Per Capita Income

# 386

45th

Diversity Index

# 314

55th

New Jersey Census Data Comparison Tool

Lincoln Park, NJ Profile: Facts & Data

Lincoln Park, New Jersey - Basic Facts

Lincoln Park, NJ Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lincoln Park, NJ - Peer Comparisons by Rank and Percentile

Lincoln Park, NJ - Most Popular Things to Do

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Morris County