Median Income
$182,274
household / year
Median Home Value
$573,100
owner-occupied
Median Rent
$2,942
gross / month
Cost of Living
112
national avg = 100

Is Packanack Lake, NJ a Good Place to Live?

Packanack Lake is a small town of 5,982 in New Jersey, with a median household income of $182,274 and a 4.3% unemployment rate. Its cost of living index is 112 (US average = 100), which is 12% above the national average.

Strengths: Packanack Lake stands out for a well-educated population.

Trade-offs: Potential downsides include an above-average cost of living, high home prices, longer commutes. Whether Packanack Lake is right for you depends on your priorities — the full breakdown is below.

All Packanack Lake city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 112.5

Packanack Lake's overall cost of living index is 112.5, where 100 represents the US national average. Living in Packanack Lake costs roughly 12% more than the average American city.

Metric Packanack Lake, NJ National Avg
Median Home Value $573,100 $244,900
Median Monthly Rent $2,942 $1,163
Homeownership Rate 97.7% 65.9%
Median Household Income $182,274 $74,755

Crime & Safety

Near National Average

Packanack Lake's violent crime rate is 451.8 per 100,000 residents — 19% higher than the national average of ~380 per 100,000.

Violent Crime
451.8 /100k
Property Crime
1544.0 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Metric Packanack Lake, NJ National Avg
School District N/A
Elementary Schools N/A
Middle Schools N/A
High Schools N/A
Student/Teacher Ratio N/A 16:1
Bachelor's Degree or Higher 63.5% 35.4%
High School Diploma or Higher 97.3% 91.1%

Weather & Climate

Packanack Lake sees average highs of 39.3°F in January and 86.5°F in July, with 50.6 inches of annual precipitation and 28.2 inches of snow per year.

MetricPackanack Lake, NJ
Average High — January39.3°F
Average High — July86.5°F
Annual Precipitation50.6"
Annual Snowfall28.2"

Demographics

MetricPackanack Lake, NJNational Avg
Population5,982
Median Age44.538.9
Unemployment Rate4.3%3.7%
Avg Commute Time30.1 min26 min
White (non-Hispanic)83.9%59.3%
Black or African American2.3%13.6%
Hispanic or Latino9.7%18.9%
Asian3.2%6.3%
Under 1825.0%22.2%
65 and over19.0%16.8%

Nearby Cities

Packanack Lake vs Other Cities

Frequently Asked Questions

Packanack Lake's cost of living index is 112, where 100 is the national average. That puts Packanack Lake roughly 12% above the national average in cost. The median home price is $573,100 and median rent is $2,942/month.
Packanack Lake's violent crime rate is 451.8 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1544.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Packanack Lake, NJ has a population of 5,982, a median household income of $182,274, and an unemployment rate of 4.3%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Packanack Lake averages 39.3°F in January and 86.5°F in July. Annual rainfall is 50.6 inches with about 28.2 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
The population of Packanack Lake, New Jersey is 5,982 with a median age of 44.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Packanack Lake: cost of living index 112 (100 = US average), median home $573,100, median household income $182,274, crime index 101 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Packanack Lake side by side with your current city to see the trade-offs.