Mountain Lakes, NJ

Overview

Mountain Lakes is a very small borough located in the state of New Jersey. With a population of 4,608 people and just one neighborhood, Mountain Lakes is the 333rd largest community in New Jersey. Mountain Lakes has a large stock of pre-World War II architecture, making it one of the older and more historic boroughs in the country.

Mountain Lakes home prices are not only among the most expensive in New Jersey, but Mountain Lakes real estate also consistently ranks among the most expensive in America.

Occupations and Workforce

Mountain Lakes is a decidedly white-collar borough, with fully 92.81% of the workforce employed in white-collar jobs, well above the national average. Overall, Mountain Lakes is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Mountain Lakes who work in management occupations (28.42%), business and financial occupations (15.56%), and healthcare (10.47%).

Also of interest is that Mountain Lakes has more people living here who work in computers and math than 95% of the places in the US.

A relatively large number of people in Mountain Lakes telecommute to their jobs. Overall, about 30.65% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

Setting & Lifestyle

In addition, Mountain Lakes is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

Mountain Lakes is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough鈥檚 good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Mountain Lakes鈥檚 overall crime rate is lower than average for the country.

One downside of living in Mountain Lakes is that it can take a long time to commute to work. In Mountain Lakes, the average commute to work is 30.75 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative.

Despite being a small borough, Mountain Lakes has a lot of people using the bus to get to and from work every day. Most of these people on the bus are using it to get to good jobs in other cities.

Demographics

Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Mountain Lakes. 84.38% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.

The per capita income in Mountain Lakes in 2022 was $102,826, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $411,304 for a family of four.

Mountain Lakes is a very ethnically-diverse borough. The people who call Mountain Lakes home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Mountain Lakes residents report their race to be White, followed by Asian. Important ancestries of people in Mountain Lakes include Italian, Irish, English, German, and Hungarian.

The most common language spoken in Mountain Lakes is English. Other important languages spoken here include Chinese and Spanish.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to 蘑菇视频's exclusive exploration and analysis.

People

Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to 蘑菇视频's research, the neighborhood is wealthier than 99.4% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood. As one would expect in a considerably wealthy neighborhood such as this, also has one of the lowest ratings of child poverty in the nation.

In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 99.5% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for families with school-aged children and highly educated executives.

Also, the rate of college educated adults in the neighborhood is a unique characteristic of the neighborhood. 84.4% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 35.0% of the adults with a bachelor's degree. The rate here is higher than 蘑菇视频 found in 98.8% of all U.S. neighborhoods.

Real Estate

One way that the neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 98.8% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

In addition, real estate in the neighborhood is almost exclusively owner-occupied. 蘑菇视频's analysis reveals that this neighborhood has a higher rate of owner-occupied housing than is found in 98.4% of U.S. neighborhoods. If you are seeking to rent, this neighborhood may not have many options, but high rates of ownership often indicate stability in a neighborhood.

Occupations

Executives, managers and professionals make up 78.5% of the workforce in the neighborhood which, according to 蘑菇视频's exclusive analysis, is a higher proportion of such high-level people than is found in 98.6% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Modes of Transportation

In the neighborhood, many people's commute means walking from the bedroom to the home office. 蘑菇视频's analysis found that 30.7% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.1% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.

Diversity

Did you know that the neighborhood has more Hungarian and Italian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.8% of this neighborhood's residents have Hungarian ancestry and 26.5% have Italian ancestry.

is also pretty special linguistically. Significantly, 6.7% of its residents five years old and above primarily speak Chinese at home. While this may seem like a small percentage, it is higher than 96.4% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the neighborhood in Mountain Lakes are wealthy, making it among the 15% highest income neighborhoods in America. 蘑菇视频's exclusive analysis reveals that this neighborhood has a higher income than 99.4% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the neighborhood, 78.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 11.3% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.2%), and 3.3% in government jobs, whether they are in local, state, or federal positions.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 82.6% of households. Other important languages spoken here include Chinese and Spanish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture 鈥� our learned behavior 鈥� comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the neighborhood in Mountain Lakes, NJ, residents most commonly identify their ethnicity or ancestry as Italian (26.5%). There are also a number of people of Irish ancestry (22.4%), and residents who report Asian roots (13.3%), and some of the residents are also of English ancestry (12.4%), along with some German ancestry residents (11.3%), among others. In addition, 12.9% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend under 15 minutes commuting one-way to work (33.0% of working residents), one of the shortest commutes across America.

Here most residents (58.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.

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