Ledgewood

Population: 5,150
Median household income: $125,000
Median home value: $454,100

Located in Morris County, New Jersey, Ledgewood is a community with a population of 5,150. The median household income of $125,000 is below the Morris County median ($134,929).

From 2020 to 2023, Ledgewood's population declined 3.6% from 5,341 to 5,150, while its median home value rose 21.2% from $374,700 to $454,100.

The median gross rent is $1,570. 62.5% of adults 25 and older hold a bachelor's degree or higher.

Demographics

ACS 2019–2023

Population: 5,150
Median age: 45.3 yrs
Median household income: $125,000
Median home value: $454,100
Median gross rent: $1,570
Housing units: 2,064
Homeownership rate: 83.5%
Bachelor's degree or higher: 62.5%
Unemployment rate: 17.3%

Trends

ACS 5-year · 2019–2023

Population

5,3415,150

Median household income

$99,044$125,000

Median home value

$374,700$454,100

Median gross rent

$1,716$1,570

Year	Population	Median household income	Median home value	Median gross rent
2020	5,341	$99,044	$374,700	$1,716
2021	5,320	$101,122	$406,700	$1,889
2022	5,110	$109,185	$445,200	$1,723
2023	5,150	$125,000	$454,100	$1,570

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 52.1%

5 to 1717.9%

18 to 249.5%

25 to 348.2%

35 to 4412.0%

45 to 5420.8%

55 to 6414.5%

65 to 749.1%

75 and over5.7%

	Count	Share
Under 5	110	2.1%
5 to 17	923	17.9%
18 to 24	490	9.5%
25 to 34	424	8.2%
35 to 44	619	12.0%
45 to 54	1,072	20.8%
55 to 64	749	14.5%
65 to 74	471	9.1%
75 and over	292	5.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	3,447	66.9%
Black or African American	216	4.2%
American Indian & Alaska Native	0	0.0%
Asian	465	9.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	267	5.2%
Hispanic or Latino (any race)	755	14.7%

Educational attainment (age 25+)

No high school diploma3.4%

High school graduate13.6%

Some college or associate's20.5%

Bachelor's degree45.3%

Graduate or professional degree17.1%

	Count	Share
No high school diploma	122	3.4%
High school graduate	494	13.6%
Some college or associate's	745	20.5%
Bachelor's degree	1,644	45.3%
Graduate or professional degree	622	17.1%

Commute to work

Mean travel time to work: 33 min

Drove alone77.9%

Carpooled4.4%

Public transit1.2%

Walked0.0%

Bicycle0.0%

Worked from home15.3%

Other means1.2%

How workers get to work

	Count	Share
Drove alone	1,969	77.9%
Carpooled	111	4.4%
Public transit	30	1.2%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	388	15.3%
Other means	31	1.2%

Travel time

	Count	Share
Under 15 min	248	11.6%
15 to 29 min	734	34.3%
30 to 44 min	481	22.5%
45 to 59 min	454	21.2%
60+ min	224	10.5%

Households

Average household size: 2.58
Poverty rate: 2.9% (150 of 5,150)

	Count	Share
Family households	1,404	70.8%
Nonfamily households	580	29.2%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	1,984	96.1%
Vacant	80	3.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,657	83.5%
Renter-occupied	327	16.5%

1-unit, detached59.0%

1-unit, attached6.3%

2 to 4 units2.6%

5 to 19 units22.8%

20 or more units9.3%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,217	59.0%
1-unit, attached	130	6.3%
2 to 4 units	54	2.6%
5 to 19 units	471	22.8%
20 or more units	192	9.3%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3439750
Type (LSAD): 57
Land area: 5.54 sq mi
Water area: 0.08 sq mi
Center point: 40.8833, -74.6680