Packanack Lake, NJ Economy

Packanack Lake, NJ is a great place to live and work. With its close proximity to New York City and the Jersey Shore, residents of Packanack Lake can enjoy the convenience of city living with a small town feel. The two bedroom rent in Packanack Lake is $1,430 which is more affordable than most other areas in the US. Grocery cost index is also lower than the national average at 100. Local businesses in the area include a neighborhood grocery store, coffee shop, restaurants, banks, salons, and retail stores. There are plenty of outdoor activities that residents can take advantage of such as fishing, hiking trails, kayaking on the lake, swimming pools, and tennis courts. Packanack Lake also has a sense of community spirit with local events like farmer’s markets and summer concerts taking place throughout the year.