Packanack Lake CDP, New Jersey Demographics & Population 2026

Population Overview

Packanack Lake CDP is a small city located in New Jersey. The total population is 6,126. It ranks as the 257th most populous out of 700 cities and towns in New Jersey.

Age Demographics

The median age in Packanack Lake CDP is 43.9 years. This is 9% higher than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Packanack Lake CDP is $196,343. This is 94% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 150% higher. The poverty rate stands at 1.0%. This is 89% lower than the state poverty rate of 9.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 3.4%. This is 44% lower than the state rate of 6.2%. The median home value is $594,000. Housing costs are 39% higher than the state median of $427,600. The home-value-to-income ratio is 3.0x. 95.8% of occupied housing units are owner-occupied. This homeownership rate is 50% higher than the state average of 63.7%.

Race & Ethnicity

The largest racial or ethnic group in Packanack Lake CDP is White (non-Hispanic), making up 78.0% of the population. Hispanic or Latino residents account for 9.0%. The White (non-Hispanic) population is significantly higher than the state average (78.0% vs 51.9%). The Black or African American population (1.6%) is well below the state average of 12.3%. The Hispanic or Latino population (9.0%) is well below the state average of 21.9%.

Education

66.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 54% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 98.3%. Notably, 26.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Packanack Lake CDP, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. 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. For official data, visit data.census.gov.