The Borough of Mountain Lakes had a population of 4,344 as of July 1, 2020.
The primary coordinate point for Mountain Lakes is located at latitude 40.8948 and longitude -74.4329 in Morris County. The formal boundaries for the Borough of Mountain Lakes encompass a land area of 2.62 sq. miles and a water area of 0.27 sq. miles. Morris County is in the Eastern time zone (GMT -5). The elevation is 489 feet.
The Borough of Mountain Lakes (GNIS ID: 885310) 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.
|Total Population||4,344 (100%)|
|Population in Households||4,344 (100.0%)|
|Population in Families||4,106 (94.5%)|
|Population in Group Quarters1||0|
|Median Household Income||$200,001|
|Average Household Income||$281,424|
|% of Income for Mortgage4||18%|
|Per Capita Income||$89,144|
|Total HU (Housing Units)||1,424 (100%)|
|Owner Occupied HU||1,297 (91.1%)|
|Renter Occupied HU||79 ( 5.5%)|
|Vacant Housing Units||48 ( 3.4%)|
|Median Home Value||$856,618|
|Average Home Value||$979,780|
|Housing Affordability Index3||134|
|Average Household Size||3.16|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||0.0%|
|Per Capita Income||0.98%|
|Owner Occupied HU||0.34%|
The table below compares Mountain Lakes to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 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||# 288||47th|
|Population Density||# 369||32nd|
|Median Household Income||# 2||98th|
|Housing Affordability Index||# 317||58th|
|Per Capita Income||# 14||98th|
|Diversity Index||# 375||31st|
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.