Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.3 yrs |
|---|---|
| Avg HH Size | 2.39 |
| Below Poverty | 2.7% ▼ 73% below avg |
| College Grads | 60.8% ▲ 57% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 166 (2.3%) |
| HS Graduate | 1,732 (23.8%) |
| Some College | 475 (6.5%) |
| Associates | 487 (6.7%) |
| Bachelors | 612 (8.4%) |
| Graduate Degree | 3,814 (52.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $101,500 ▲ 33% above avg |
|---|---|
| Median Home Value | $402,500 ▲ 44% above avg |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,426/mo |
| Total Housing Units | 4,459 |
| Vacant Units | 107 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Hiawatha is a city in New Jersey, located in Morris County. The city spans 1 ZIP code and is home to approximately 10,406 residents. It is a middle-aged city, with a median age of 40.3 years.
Economically, Lake Hiawatha is a upper-middle-income community. The median household income of $101,500 is above the national average. Approximately 2.7% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Lake Hiawatha is a premium housing market. Median home values stand at $402,500, which is above the national average. Renters typically pay around $1,426 per month. Homeownership is high at 60.8%, typical of suburban and family-oriented communities.
The population of Lake Hiawatha is highly educated. 60.8% of adults hold a bachelor's degree or higher — significantly above the national average. The community is racially diverse, with White as the largest group at 49.3%.
Lake Hiawatha, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07034 | 10,406 | $101,500 | $402,500 | $1,426 | 2.4% | 60.8% | 60.8% |