07054 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 07054 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateNew Jersey
CityParsippany
Time ZoneAmerica/New_York
Geo Location40.85565, -74.40225
Population30692
Size35.847 square miles
Median Family Income$125679.00
Median Home Value$479500.00

Population & Demographics

The following information lists the population statistics and breakdown for the 07054 zip code. The total population is 30692, of which, 15088 are male and 15604 are female. With a total area of 35.847 square miles, the population density is 813 people per square mile. The median age of the population is 39.8 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
201128657
201228729
201329101
201429642
201529706
201629555
201729889
201829516
201929144
202028943
202130692

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 15265%
Age 5-917545.7%
Age 10-1414744.8%
Age 15-1915215%
Age 20-2420586.7
Age 25-2925398.3%
Age 30-3420956.8%
Age 35-3925508.3%
Age 40-441961 6.4%
Age 45-4920466.7%
Age 50-5416945.5%
Age 55-5923867.8%
Age 60-6419686.4%
Age 65-6913894.5%
Age 70-7413814.5%
Age 75-799373.1%
Age 80-847502.4%
Age 85 and over6632.2%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 49.4 %
  • Speaks Spanish: 7.2 %
  • Speaks Other Indo-European Language: 23.6 %
  • Speaks Pacific Island Languages: 16 %
  • Speak Other Languages: 2.5 %
Marital Status: 
  • Currently Married: 58.4 %
  • Divorced: 6 %
  • Separated (not divorced): 1.1 %
  • Never Married: 28.7 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 07054 zip code is $125679. This is 55.13% greater than the national average. This income places 5.5% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $30449. 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 $10,000.00235
$10,000.00 – $14,999.00108
$15,000.00 – $24,999.00202
$25,000.00 – $34,999.00182
$35,000.00 – $49,999.00429
$50,000.00 – $74,999.00629
$75,000.00 – $99,999.001358
$100,000.00 – $149,999.001544
$150,000.00 – $199,999,001140
$200,000.00 +2222

YearMedian Family Income ($ USD)
201198188
2012101143
201398113
201497393
2015101662
2016101244
2017106324
2018112833
2019117500
2020117057
2021125679

Income Source# of Households
Wage or Salary9780
Self Employment1087
Social Security3063
Dividends, Interest, or Rental3193
Retirement1888
Other818

Total Insured & Uninsured Individuals: 
  • Families Insure: 29177
  • Families Uninsured: 1287
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1888
  • No retirement income: 9957

Education

In the 07054 zip code, 92.8% of individuals over 25 years old have a high school degree or higher, and 61.1% have a bachelors degree or higher. Additionally, 21.7% of individuals 3 years and older are in private school, and 78.3% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 07054 zip, there are an estimated 17910 people in the labor force, of which, 16808 are employed, and 1102 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 27.1 minutes. Of the total people that work, 1785 worked from home and 16560 commuted. The average number of hours worked is 38.1. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts9885
Services1809
Sales and Office3473
Construction and Maintenance:507
Transportation and Material Moving1134





Housing

The median home value for the 07054 zip code is 479500. There is an estimated  11845 number of occupied housing units, the median gross rent in is $1491 per month, and the average monthly housing costs are estimated to be $1673. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00053
$50,000 – $99,00015
$100,000 – $149,99950
$150,000 – $199,99910
$200,000 – $299,999227
$300,000 – $499,9992958
$500,000 – $999,9992592
$1,000,000+25

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 2019317
2000 – 2009642
1980 – 19992177
1960 – 19796352
1940 – 19592087
1939 or earlier270

The median number of rooms in all housing units is 5.1 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500322
$500 – $999167
$1,000 – $1,4992509
$1,500 – $1,9992085
$2,000 – $2,499457
$2,499 – $2,999195
$3,000 + 113

Monthly Housing Costs ($)Number of Households
Less than 300195
300-499180
500-799320
800-999317
1000-14993683
1500-19992965
2000-24991062
2500-2999986
3000+2070

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%1502
20%-24.9%909
25%-29.9%368
30%-34.9%360
35+%910



# of VehiclesHouseholds
None1054
14178
24616
3+1997
Home Heating Characteristics: 
  • Utility Gas: 75.4 %
  • Bottle Tank or LP Gas: 1.6 %
  • Electricity: 16.7 %
  • Oil or Kerosene etc: 4.6 %
  • Coal or Coke: 0 %
  • All Other: 1.1 %

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