Below you will find a comprehensive overview of the statistics and characteristics of the 07040 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.
The following information lists the population statistics and breakdown for the 07040 zip code. The total population is 25420, of which, 12978 are male and 12442 are female. With a total area of 9.024 square miles, the population density is 2736.7 people per square mile. The median age of the population is 39.2 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.
Year
Population
2011
23809
2012
23897
2013
24021
2014
24233
2015
24303
2016
24419
2017
24543
2018
24471
2019
24696
2020
25029
2021
25420
Age Bracket
Number of People
Percentage of Population
Under 5 years oldÂ
1825
7.2%
Age 5-9
2106
8.3%
Age 10-14
2122
8.3%
Age 15-19
1445
5.7%
Age 20-24
1368
5.4
Age 25-29
1192
4.7%
Age 30-34
1397
5.5%
Age 35-39
1490
5.9%
Age 40-44
2243Â
8.8%
Age 45-49
2254
8.9%
Age 50-54
1806
7.1%
Age 55-59
1966
7.7%
Age 60-64
1463
5.8%
Age 65-69
952
3.7%
Age 70-74
628
2.5%
Age 75-79
611
2.4%
Age 80-84
238
0.9%
Age 85 and over
314
1.2%
Languages Spoken (of those 5 years of age and older) :
Speaks Language other than English: 21.4 %
Speaks Spanish: 4.9 %
Speaks Other Indo-European Language: 11.3 %
Speaks Pacific Island Languages: 1.4 %
Speak Other Languages: 3.8 %
Marital Status:Â
Currently Married: 56.9 %
Divorced: 6.3 %
Separated (not divorced): 1.2 %
Never Married: 31 %
Income & Economic Characteristics
The median inflation-adjusted family income in the 07040 zip code is $196838. This is 135.72% greater than the national average. This income places 3.3% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $50915. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.
Annual Income Bracket ($)
Number of Families in Bracket
Less than $10,000.00
34
$10,000.00 – $14,999.00
15
$15,000.00 – $24,999.00
51
$25,000.00 – $34,999.00
70
$35,000.00 – $49,999.00
200
$50,000.00 – $74,999.00
559
$75,000.00 – $99,999.00
622
$100,000.00 – $149,999.00
999
$150,000.00 – $199,999,00
767
$200,000.00 +
3099
Year
Median Family Income ($ USD)
2011
125561
2012
125638
2013
129473
2014
138579
2015
144383
2016
146533
2017
155409
2018
165652
2019
176023
2020
189223
2021
196838
Income Source
# of Households
Wage or Salary
7161
Self Employment
1422
Social Security
1910
Dividends, Interest, or Rental
2344
Retirement
1406
Other
755
Total Insured & Uninsured Individuals:Â
Families Insure: 24389
Families Uninsured: 1021
Total Individuals with and w/o retirement income:Â
Yes retirement income: 1406
No retirement income: 6858
Education
In the 07040 zip code, 97.1% of individuals over 25 years old have a high school degree or higher, and 68.8% have a bachelors degree or higher. Additionally, 12.3% of individuals 3 years and older are in private school, and 87.7% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.
Occupation and Work Characteristics
In the 07040 zip, there are an estimated 14270 people in the labor force, of which, 13436 are employed, and 824 are unemployed. There are a total of 10 people in the armed forces. The average commute time for this zip code is 38.7 minutes. Of the total people that work, 2280 worked from home and 13365 commuted. The average number of hours worked is 40.8. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.
Occupation
# of Individual
Management, Business, Science, and Arts
8302
Services
1085
Sales and Office
2447
Construction and Maintenance:
557
Transportation and Material Moving
1045
Housing
The median home value for the 07040 zip code is 566300. There is an estimated 8264 number of occupied housing units, the median gross rent in is $1884 per month, and the average monthly housing costs are estimated to be $2735. Below you’ll find additional breakdowns of home values, rents, home build years, and more.
Home Value (USD)
Number of Homes
Less than $50,000
14
$50,000 – $99,000
0
$100,000 – $149,999
83
$150,000 – $199,999
61
$200,000 – $299,999
601
$300,000 – $499,999
1928
$500,000 – $999,999
3585
$1,000,000+
382
Home Year Built
Number of Homes
2020 or Later
0
2010 – 2019
298
2000 – 2009
97
1980 – 1999
490
1960 – 1979
856
1940 – 1959
1649
1939 or earlier
4874
The median number of rooms in all housing units is 6.8 rooms.
