Packanack Lake, New Jersey Demographics & Population 2026
During the 2020–2024 ACS period, Packanack Lake, New Jersey had a total population of 6,321, the 249th largest community in New Jersey, with a median household income of $213,103, which is 106% higher than the state average. The poverty rate is 1.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 106% above the state average — one of the wealthiest communities in New Jersey.
- An exceptionally low poverty rate of 1.6% — among the lowest in New Jersey.
Packanack Lake Quick Facts
How Packanack Lake Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 6,126 | 6,321 | +3.2% |
| Median household income | $196,343 | $213,103 | +8.5% |
| Median home value | $594,000 | $601,000 | +1.2% |
How Packanack Lake Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 66 | National average: 61
Education
Educational Attainment (Adults 25+)
Packanack Lake Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Passaic County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Paterson | 158,735 | $55,997 | 21.3% | $360,100 |
| Clifton | 89,379 | $98,237 | 7.9% | $461,900 |
| Passaic | 70,002 | $55,371 | 22.9% | $429,900 |
| Hawthorne | 19,628 | $110,237 | 4.0% | $533,700 |
| Preakness | 18,520 | $133,205 | 3.3% | $617,700 |
| Woodland Park | 13,355 | $98,845 | 3.8% | $497,600 |
| Ringwood | 11,657 | $152,414 | 2.5% | $449,800 |
| Wanaque | 11,206 | $113,175 | 5.9% | $400,700 |
| Pompton Lakes | 11,047 | $124,454 | 8.5% | $442,400 |
| Totowa | 10,959 | $113,563 | 4.1% | $559,300 |
Cities Similar to Packanack Lake
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Woodcliff Lake | 6,152 | $213,981 | $946,400 | 81.2% | 1.0% |
| Belle Mead | 6,394 | $223,250 | $810,300 | 73.3% | 3.3% |
| Bridgewater Center | 6,505 | $205,595 | $703,700 | 60.8% | 3.1% |
| North Caldwell | 6,656 | $208,245 | $904,500 | 80.5% | 1.7% |
| Rutgers University-Busch Campus | 5,920 | N/A | N/A | 87.7% | 0.0% |
Population Overview
Packanack Lake is a small city located in New Jersey, within Passaic County. The total population is 6,321. It ranks as the 249th most populous out of 700 Census-designated places in New Jersey.
Age Demographics
The median age in Packanack Lake is 41.3 years. This is 3% higher than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Packanack Lake is $213,103. This is 106% higher than the state median of $103,556. It is also 164% higher than the national median of $80,734. The poverty rate stands at 1.6%. This is 84% lower than the state poverty rate of 9.7%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.5%. This is 45% lower than the state rate of 6.3%. The median home value is $601,000. Housing costs are 32% higher than the state median of $454,400. With a home-value-to-income ratio of just 2.8x, Packanack Lake is one of the most affordable housing markets in the area. 96.1% of occupied housing units are owner-occupied. This homeownership rate is 51% higher than the state average of 63.8%.
Race & Ethnicity
The largest racial or ethnic group in Packanack Lake is White (non-Hispanic), making up 76.2% of the population. Hispanic or Latino residents account for 10.3%. The Black or African American population (0.6%) is well below the state average of 12.2%. The Hispanic or Latino population (10.3%) is well below the state average of 22.5%.
Education
63.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 46% higher than the state rate of 43.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.4%. Notably, 23.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Packanack Lake, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Packanack Lake, New Jersey?
Packanack Lake, New Jersey has a population of 6,321 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Packanack Lake, NJ?
The median household income in Packanack Lake is $213,103, which is 164% higher than the national median of $80,734.
What is the poverty rate in Packanack Lake, NJ?
The poverty rate in Packanack Lake is 1.6%. This means approximately 100 residents live below the federal poverty line.
What is the racial makeup of Packanack Lake, New Jersey?
Packanack Lake's population is 76.2% White, 0.6% Black, 10.3% Hispanic/Latino, and 6.4% Asian.
What is the median home value in Packanack Lake, NJ?
The median home value in Packanack Lake is $601,000. The home-value-to-income ratio is 2.8x.
How educated is Packanack Lake, New Jersey?
63.6% of adults (25+) in Packanack Lake hold a bachelor's degree or higher, and 23.6% hold a graduate or professional degree.