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The total population of Medford Lakes is estimated to be 4,263 with 1,856 males (43.54%) and 2,407 females (56.46%). There are 551 more females than males in Medford Lakes.
The median household income in Medford Lakes was $141,452 in 2021, which marked an a decrease of 1,498(1.05%) from $142,950 in 2020. This income is 189.60% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Medford Lakes sees its highest median household income among householders in the age group of 45 to 64 years old, at $152,172. Overall, the median household income for the borough of Medford Lakes stands at $141,452.
In Medford Lakes, the median income for all workers aged 15 years and older, regardless of work hours, was $80,456 for males and $45,202 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $102,301 for males and $90,265 for females.
In Medford Lakes, there are just two different racial groups among households. Among these, White households report a median household income of $141,968, while Two or More Races households have a median household income of $130,229.
In 2022, the population of Medford Lakes was 4,287, a 0.40% increase year-by-year from 2021. Previously, in 2021, Medford Lakes's population was 4,270, an increase of 0.12% compared to a population of 4,265 in 2020.
The median age in Medford Lakes, NJ is 43.4, as per 2021 ACS 5-Year Estimates. Of the total population, 19.62% were under the age of 15, 14.69% aged 15 to 29, 44.95% aged 30 to 64, 19.34% aged 65 to 84, and 1.39% were 85 years of age and older.
Racial distribution of Medford Lakes population: 92.64% are White, 2.15% are Asian and 5.21% are multiracial.