How many renters in Lake Como Borough, NJ pay more than 30% of their income on rent?
59.2% (±17.4 points) of renting households in Lake Como Borough, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
51.5% spend 35% or more.
The median renting household spends 35.7% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 59.2% (±17.4 points)
- Paying 35% or more
- 51.5% (±16.8 points)
- Median share of income
- 35.7% (±7.9 points)
Rent as a share of income in Lake Como Borough
| Share of income spent on rent | Lake Como Borough | Monmouth County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 18.2% (±10.9 points) | 11.0% | 12.2% | 12.6% |
| 15% to 19.9% | 6.1% (±5.7 points) | 11.8% | 12.3% | 12.2% |
| 20% to 24.9% | 5.1% (±3.6 points) | 13.5% | 12.6% | 12.6% |
| 25% to 29.9% | 11.4% (±6.3 points) | 11.1% | 11.4% | 11.5% |
| 30% to 34.9% | 7.7% (±4.5 points) | 8.3% | 8.9% | 9.2% |
| 35% or more | 51.5% (±16.8 points) | 44.4% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Lake Como Borough against Monmouth County, its state and the nation
| Lake Como Borough | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 59.2% (±17.4 points) | 52.7% (±2.1 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 51.5% (±16.8 points) | 44.4% (±1.8 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 35.7% (±7.9 points) | 31.6% (±1.1 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $67,566 (±$25,866) | $62,592 (±$3,372) | $62,674 (±$718) | $52,966 |
| Median gross rent | $1,810 (±$72) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
In Lake Como Borough, the share of renters paying 30% or more of income is not measurably different from Monmouth County (52.7%).
It is not measurably different from New Jersey (51.6%).
It is not measurably different from the national figure (51.1%).
In Monmouth County, Lake Como Borough ranks 15 of 53 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 143 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Lake Como Borough
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Lake Como Borough | — | 59.2% (±17.4 points) | — |
| Belmar Borough | 0.7 mi | 59.8% (±22.3 points) | Not measurably different |
| West Belmar | 0.7 mi | 62.0% (±42.6 points) | Not measurably different |
| Spring Lake Borough | 1.1 mi | 52.3% (±43.3 points) | Not measurably different |
| Avon-by-the-Sea Borough | 1.6 mi | 24.4% (±12.2 points) | Lower |
| Spring Lake Heights Borough | 1.8 mi | 50.5% (±15.3 points) | Not measurably different |
| Neptune City Borough | 2.2 mi | 52.8% (±21.9 points) | Not measurably different |
| Bradley Beach Borough | 2.3 mi | 40.7% (±11.9 points) | Not measurably different |
| Sea Girt Borough | 2.8 mi | 46.2% (±33.8 points) | Not measurably different |
Nearby places with a measurably lower figure: Avon-by-the-Sea Borough, NJ (24.4%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Monmouth County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 9 | Tinton Falls Borough | 65.5% (±11.1 points) |
| 10 | Monmouth Beach Borough | 64.3% (±49.2 points) |
| 11 | Roosevelt Borough | 62.3% (±41.1 points) |
| 12 | Manalapan Township | 61.9% (±16.8 points) |
| 13 | Freehold Township | 59.9% (±9.7 points) |
| 14 | Belmar Borough | 59.8% (±22.3 points) |
| 15 | Lake Como Borough | 59.2% (±17.4 points) |
| 16 | Wall Township | 58.7% (±14.6 points) |
| 17 | Manasquan Borough | 56.4% (±23.1 points) |
| 18 | Ocean Township (Monmouth County) | 56.3% (±8.9 points) |
| 19 | Middletown Township | 56.2% (±7.8 points) |
| 20 | Neptune Township | 54.5% (±9.3 points) |
| 21 | Freehold Borough | 54.2% (±12.3 points) |
Showing 13 of 53 places in Monmouth County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Lake Como Borough
Are renters in Lake Como Borough rent-burdened?
59.2% of renting households in Lake Como Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Lake Como Borough spend on rent?
The median renting household in Lake Como Borough, NJ spends 35.7% (±7.9 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Como borough, Monmouth County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Lake Como borough, Monmouth County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Como borough, Monmouth County, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Como borough, Monmouth County, New Jersey (county subdivision:37560, in state:34 county:025).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Median rent in Lake Como Borough
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- Renters and owners in Lake Como Borough
- Income and affordability in Lake Como Borough
- Home values in Lake Como Borough
- Homeowner costs in Lake Como Borough
- Property taxes in Lake Como Borough
- Types of homes in Lake Como Borough
- Bedrooms in Lake Como Borough
- Age of homes in Lake Como Borough
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- Population growth in Lake Como Borough
- How long people stay in Lake Como Borough
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by rent burden
- Housing data for every place in New Jersey