What is the median household income in Preakness, NJ?
The median household income in Preakness, NJ is $133,205 (±$17,201) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,918 a month would take about $76,700 a year at the common guideline of spending no more than 30% of income on rent.
Figures last updated on .
- Median household income
- $133,205 (±$17,201)
- Median renter income
- $70,625 (±$14,249)
- Income to afford median rent
- about $76,700
Income in Preakness against Passaic County, its state and the nation
| Preakness | Passaic County | New Jersey | United States | |
|---|---|---|---|---|
| Median household income | $133,205 (±$17,201) | $87,522 (±$2,333) | $103,556 (±$513) | $80,734 |
| Median renter household income | $70,625 (±$14,249) | $51,907 (±$1,513) | $62,674 (±$718) | $52,966 |
| Median owner household income | $164,789 (±$14,719) | $129,820 (±$3,218) | $133,477 (±$624) | $100,009 |
| Median gross rent | $1,918 (±$187) | $1,621 (±$17) | $1,720 (±$7) | $1,413 |
In Preakness, median household income is higher than in Passaic County ($87,522).
It is also higher than in New Jersey ($103,556).
It is higher than the national figure ($80,734).
In Passaic County, Preakness ranks 7 of 9 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 82 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 Preakness
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 $1,918 a month ($23,016 a year) needs an income of about $76,700 a year.
The median renting household in Preakness earns $70,625 a year, less than that.
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 Preakness
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Preakness | — | $133,205 (±$17,201) | — |
| Packanack Lake | 1.6 mi | $213,103 (±$36,253) | Higher |
| Haledon Borough | 1.9 mi | $95,870 (±$15,682) | Lower |
| Totowa Borough | 2.4 mi | $113,563 (±$14,507) | Not measurably different |
| Prospect Park Borough | 2.7 mi | $53,125 (±$10,222) | Lower |
| North Haledon Borough | 2.7 mi | $125,313 (±$25,043) | Not measurably different |
| Paterson | 3.6 mi | $55,997 (±$3,427) | Lower |
| Hawthorne Borough | 3.7 mi | $110,237 (±$10,989) | Lower |
| Woodland Park Borough | 3.7 mi | $98,845 (±$6,443) | Lower |
Nearby places with a measurably lower figure: Haledon Borough, NJ ($95,870), Prospect Park Borough, NJ ($53,125), Paterson, NJ ($55,997).
Nearby places with a measurably higher figure: Packanack Lake, NJ ($213,103).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Passaic County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Packanack Lake | $213,103 (±$36,253) |
| 2 | Hewitt | $189,188 (±$87,251) |
| 3 | Pines Lake | $172,348 (±$15,947) |
| 4 | Great Notch | $162,101 (±$32,440) |
| 5 | Macopin | $139,864 (±$24,595) |
| 6 | Newfoundland | $138,385 (±$30,829) |
| 7 | Preakness | $133,205 (±$17,201) |
| 8 | Upper Greenwood Lake | $111,466 (±$21,116) |
| 9 | Singac | $104,519 (±$45,043) |
Preakness is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Wayne 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 Preakness
What is the median household income in Preakness?
The median household income in Preakness is $133,205 (±$17,201) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Preakness?
About $76,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,918 a month.
What do renters earn in Preakness?
The median renting household in Preakness, NJ earns $70,625 (±$14,249) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Preakness CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Preakness CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Preakness CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Preakness CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Preakness CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Preakness 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 Preakness CDP, New Jersey (place:60810, 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
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- Median rent in Preakness
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- Property taxes in Preakness
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- How long people stay in Preakness
- Crowding and facilities in Preakness
- New Jersey landlord and tenant rules
- Housing across Passaic County
- New Jersey places ranked by median household income
- Housing data for every place in New Jersey