Mountain Lakes, NJ Profile: Facts & Data

Mountain Lakes, New Jersey - Basic Facts

The Borough of Mountain Lakes had a population of 4,552 as of July 1, 2024.

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 Borough of Mountain 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.

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Mountain Lakes, NJ Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	4,552 (100%)
Population in Households	4,552 (100.0%)
Population in Families	4,315 (94.8%)
Population in Group Quarters¹	0
Population Density	1,722
Diversity Index²	50


INCOME
Median Household Income	$200,001
Average Household Income	$321,143
% of Income for Mortgage⁴	30%
Per Capita Income	$99,546
Wealth Index⁵	319
Socioeconomic Status Index⁶	High (74.6)

HOUSING
Total HU (Housing Units)	1,460 (100%)
Owner Occupied HU	1,327 (90.9%)
Renter Occupied HU	84 ( 5.8%)
Vacant Housing Units	49 ( 3.4%)
Median Home Value	$945,955
Average Home Value	$1,085,908
Housing Affordability Index³	72

HOUSEHOLDS
Total Households	1,411
Average Household Size	3.23
Family Households	1,240
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,460 (100%)

Owner Occupied HU

1,327 (90.9%)

Renter Occupied HU

84 ( 5.8%)

Vacant Housing Units

49 ( 3.4%)

Median Home Value

$945,955

Average Home Value

$1,085,908

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,411

Average Household Size

3.23

Family Households

1,240

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	2020-2024	2024-2029
Population	0.42%	-0.22%
Households	0.59%	0.14%
Families		0.11%
Median Household Income		0.00%
Per Capita Income		1.89%
Owner Occupied HU		0.33%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.42%

-0.22%

Households

0.59%

0.14%

Families

0.11%

Median Household Income

0.00%

Per Capita Income

1.89%

Owner Occupied HU

0.33%

Mountain Lakes, NJ - Peer Comparisons by Rank and Percentile

The table below compares Mountain Lakes to the other 700 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2024 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	# 314	55th
Population Density	# 404	42nd
Median Household Income	# 18	96th
Housing Affordability Index	# 257	37th
Per Capita Income	# 24	97th
Diversity Index	# 391	44th

Variable Description

Rank

Percentile

Total Population

# 314

55th

Population Density

# 404

42nd

Median Household Income

# 18

96th

Housing Affordability Index

# 257

37th

Per Capita Income

# 24

97th

Diversity Index

# 391

44th

New Jersey Census Data Comparison Tool

Mountain Lakes, NJ Profile: Facts & Data

Mountain Lakes, New Jersey - Basic Facts

Mountain Lakes, NJ Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Mountain Lakes, NJ - Peer Comparisons by Rank and Percentile

Mountain Lakes, NJ - Most Popular Things to Do

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