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Packanack Lake, NJ

Full City Profile · New Jersey · Bergen County County

4.0 /5.0
A Great
6,126 Population 3,294/sq mi density
$196,343 Median Income $75,765 per capita
$594,000 Home Value $641,996 Zillow
$3,501 Median Rent 23.1% income on rent
53°F Avg Temperature 282 sunny days/yr
146 Violent Crime/100K 3,015 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$196,343 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$594,000 home value, $3,501/mo rent
F
Safety
1.0 / 5.0
146 violent crimes/100K
A+
Education
5.0 / 5.0
66.0% bachelor's degree or higher

Income Overview

Median Household Income
$196,343
161% above
US avg: $75,149
Per Capita Income
$75,765
94% above
US avg: $39,052
Unemployment Rate
2.4%
33% below
US avg: 3.6%
Poverty Rate
0.2%
98% below
US avg: 12.4%

Income Comparison: Packanack Lake vs. U.S. Average

Each bar shows Packanack Lake’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$196,343
261%
Per Capita
US: $39,052
$75,765
194%
IRS Avg AGI
US: $72,000
$139,008
193%
Avg Weekly Wage
US: $1,432
$1,551
108%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,551
8% above US avg ($1,432)
Mean Commute Time
28 min
3% above US avg (28 min)
Work From Home
26.1%
72% above US avg (15.2%)
Drive Alone
63.6%
13% below US avg (73.2%)
Public Transit
5.8%
16% above US avg (5.0%)
County GDP
$105,805M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 63.6%
Public Transit 5.8%
Work From Home 26.1%
Other 4.5%
Average commute time
28 minutes
US avg: 28 min

Business Landscape

Total Establishments
36,016
Restaurants
2,730
Healthcare
4,090
Retail
3,534
Manufacturing
1,003

Tax & Financial

IRS Avg Adjusted Gross Income
$139,008
93% above US avg ($72,000)
Avg Property Tax
$14,998
329% above US avg ($3,500)
Cost of Living Index
108.8
Above national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$196,343
Per Capita Income$75,765
IRS Avg Adjusted Gross Income$139,008
Avg Weekly Wage$1,551
County GDP$105,805M

Hardship Indicators

Unemployment Rate2.4%
Poverty Rate0.2%
Gini Coefficient0.473
Cost of Living Index108.8

Commute

Mean Commute28 minutes
Drive Alone63.6%
Public Transit5.8%
Work From Home26.1%

Businesses

Total Establishments36,016
Restaurants2,730
Healthcare4,090
Retail3,534
Manufacturing1,003

Tax

IRS Avg AGI$139,008
Avg Property Tax$14,998