Medford Lakes borough, NJ

ZIP 08055 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Medford Lakes borough, NJ (08055)

Median Income

$158,487

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,857

Wealth inflow

Population

28,855

Unemployment

3.4%

0.3pp below US avg

IRS migration statistics show a net inflow of about 1,857 for ZIP 08055 (Medford Lakes borough, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

3.4%-7% vs US avg

Self-Employed

3.9%-36% vs US avg

SNAP Benefits

0.3%-98% vs US avg

817

Establishments

8,710

Employees

~11 per establishment — small businesses dominate

Education

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.6%
Construction3.5%
Manufacturing9.5%
Wholesale trade4.2%
Retail trade9.7%
Transportation, utilities4.4%
Information1.8%
Finance, insurance, real estate9.0%
Professional, scientific, management13.6%
Education, health care, social27.8%
Arts, entertainment, food services7.4%
Other services2.8%
Public administration5.7%

Household Income

Historical Trends in 08055 (2020–Present)

Since 2020, population grew 5.7%, median income rose 1.4% (inflation-adjusted), home values increased 7.7%.

Median Income

$158,487

+111% vs US avg

Unemployment Rate