What is the median household income in Lake Hiawatha, NJ?
The median household income in Lake Hiawatha, NJ is $104,663 (±$16,579) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,550 a month would take about $62,000 a year at the common guideline of spending no more than 30% of income on rent.
Figures last updated on .
- Median household income
- $104,663 (±$16,579)
- Median renter income
- $93,668 (±$7,584)
- Income to afford median rent
- about $62,000
Income in Lake Hiawatha against Morris County, its state and the nation
| Lake Hiawatha | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $104,663 (±$16,579) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median renter household income | $93,668 (±$7,584) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median owner household income | $116,978 (±$8,368) | $165,144 (±$2,794) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,550 (±$143) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Lake Hiawatha, median household income is lower than in Morris County ($137,326).
It is not measurably different from New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Morris County, Lake Hiawatha ranks 22 of 27 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 151 of 246.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Lake Hiawatha
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,550 a month ($18,600 a year) needs an income of about $62,000 a year.
The median renting household in Lake Hiawatha earns $93,668 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Median household income in places near Lake Hiawatha
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Lake Hiawatha | — | $104,663 (±$16,579) | — |
| Parsippany | 2.0 mi | $99,405 (±$4,789) | Not measurably different |
| Boonton Town | 2.0 mi | $114,302 (±$23,372) | Not measurably different |
| Pine Brook | 2.2 mi | $126,488 (±$26,048) | Not measurably different |
| Troy Hills | 2.3 mi | $183,707 (±$12,378) | Higher |
| Montville Township | 2.5 mi | $169,083 (±$22,872) | Higher |
| Mountain Lakes Borough | 3.2 mi | $250,000 or more | — |
| Towaco | 3.8 mi | $205,636 (±$67,452) | Higher |
| Rainbow Lakes | 3.8 mi | $93,051 (±$7,740) | Not measurably different |
Nearby places with a measurably higher figure: Troy Hills, NJ ($183,707), Montville Township, NJ ($169,083), Towaco, NJ ($205,636).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Morris County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 16 | Pompton Plains | $117,959 (±$9,640) |
| 17 | Lake Hopatcong | $117,625 (±$16,696) |
| 18 | Mount Tabor | $115,199 (±$20,626) |
| 19 | Budd Lake | $114,154 (±$15,593) |
| 20 | Lake Telemark | $110,042 (±$31,062) |
| 21 | Gillette | $109,050 (±$107,239) |
| 22 | Lake Hiawatha | $104,663 (±$16,579) |
| 23 | Parsippany | $99,405 (±$4,789) |
| 24 | Rainbow Lakes | $93,051 (±$7,740) |
| 25 | Green Village | $88,977 (±$36,434) |
| 26 | Mount Hope | $86,607 (±$16,689) |
| 27 | Kenvil | $85,288 (±$8,880) |
Showing 12 of 27 places in Morris County, ranked from highest to lowest.
Lake Hiawatha is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Parsippany-Troy Hills Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Hiawatha
What is the median household income in Lake Hiawatha?
The median household income in Lake Hiawatha is $104,663 (±$16,579) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Lake Hiawatha?
About $62,000 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,550 a month.
What do renters earn in Lake Hiawatha?
The median renting household in Lake Hiawatha, NJ earns $93,668 (±$7,584) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Hiawatha CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake Hiawatha CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Hiawatha CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake Hiawatha CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Hiawatha CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lake Hiawatha CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Hiawatha CDP, New Jersey (place:37680, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
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
- Housing in Lake Hiawatha at a glance
- Median rent in Lake Hiawatha
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- Rent burden in Lake Hiawatha
- Renters and owners in Lake Hiawatha
- Home values in Lake Hiawatha
- Homeowner costs in Lake Hiawatha
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- Types of homes in Lake Hiawatha
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- Commute and cars in Lake Hiawatha
- How long people stay in Lake Hiawatha
- Crowding and facilities in Lake Hiawatha
- New Jersey landlord and tenant rules
- Housing across Morris County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey