07005 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 07005 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateNew Jersey
CityBoonton
Time ZoneAmerica/New_York
Geo Location40.92947, -74.421
Population14912
Size48.693 square miles
Median Family Income$137125.00
Median Home Value$481300.00

Population & Demographics

The following information lists the population statistics and breakdown for the 07005 zip code. The total population is 14912, of which, 7279 are male and 7633 are female. With a total area of 48.693 square miles, the population density is 306.8 people per square mile. The median age of the population is 43.2 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201115608
201215353
201315097
201415215
201515315
201615539
201715350
201815095
201914939
202014644
202114912

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 5924%
Age 5-910066.7%
Age 10-1410467%
Age 15-1910577.1%
Age 20-248705.8
Age 25-294392.9%
Age 30-349256.2%
Age 35-397935.3%
Age 40-441154 7.7%
Age 45-499626.5%
Age 50-5414649.8%
Age 55-5910827.3%
Age 60-649416.3%
Age 65-698185.5%
Age 70-747354.9%
Age 75-793992.7%
Age 80-843242.2%
Age 85 and over3052%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 21.1 %
  • Speaks Spanish: 7 %
  • Speaks Other Indo-European Language: 9.4 %
  • Speaks Pacific Island Languages: 4.2 %
  • Speak Other Languages: 0.5 %
Marital Status: 
  • Currently Married: 55.8 %
  • Divorced: 8.2 %
  • Separated (not divorced): 0.9 %
  • Never Married: 29.5 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 07005 zip code is $137125. This is 65.17% greater than the national average. This income places 5.6% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $34059. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0032
$10,000.00 – $14,999.0059
$15,000.00 – $24,999.00116
$25,000.00 – $34,999.00141
$35,000.00 – $49,999.00179
$50,000.00 – $74,999.00377
$75,000.00 – $99,999.00371
$100,000.00 – $149,999.00833
$150,000.00 – $199,999,00633
$200,000.00 +1050

YearMedian Family Income ($ USD)
2011105603
2012105644
2013107766
2014111176
2015115132
2016120743
2017126514
2018129656
2019130958
2020129132
2021137125

Income Source# of Households
Wage or Salary4467
Self Employment581
Social Security1655
Dividends, Interest, or Rental1753
Retirement1214
Other552

Total Insured & Uninsured Individuals: 
  • Families Insure: 13907
  • Families Uninsured: 813
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1214
  • No retirement income: 4392

Education

In the 07005 zip code, 94.9% of individuals over 25 years old have a high school degree or higher, and 53.4% have a bachelors degree or higher. Additionally, 18% of individuals 3 years and older are in private school, and 82% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 07005 zip, there are an estimated 8242 people in the labor force, of which, 7820 are employed, and 422 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 27.6 minutes. Of the total people that work, 950 worked from home and 7706 commuted. The average number of hours worked is 38.8. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts3869
Services998
Sales and Office2057
Construction and Maintenance:325
Transportation and Material Moving571





Housing

The median home value for the 07005 zip code is 481300. There is an estimated  5606 number of occupied housing units, the median gross rent in is $1503 per month, and the average monthly housing costs are estimated to be $2029. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00021
$50,000 – $99,0009
$100,000 – $149,9990
$150,000 – $199,99910
$200,000 – $299,999151
$300,000 – $499,9991962
$500,000 – $999,9991570
$1,000,000+176

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201967
2000 – 2009227
1980 – 19991003
1960 – 19791568
1940 – 19591417
1939 or earlier1324

The median number of rooms in all housing units is 6.7 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500107
$500 – $999121
$1,000 – $1,499605
$1,500 – $1,999431
$2,000 – $2,499297
$2,499 – $2,99985
$3,000 + 25

Monthly Housing Costs ($)Number of Households
Less than 30036
300-49971
500-79973
800-999231
1000-14991505
1500-1999827
2000-2499727
2500-2999702
3000+1398

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%934
20%-24.9%277
25%-29.9%376
30%-34.9%102
35+%806



# of VehiclesHouseholds
None269
11674
22153
3+1510
Home Heating Characteristics: 
  • Utility Gas: 62.1 %
  • Bottle Tank or LP Gas: 3.6 %
  • Electricity: 6.6 %
  • Oil or Kerosene etc: 26.5 %
  • Coal or Coke: 0 %
  • All Other: 1.2 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.