07416 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 07416 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateNew Jersey
CityFranklin
Time ZoneAmerica/New_York
Geo Location41.11589, -74.59775
Population5544
Size24.481 square miles
Median Family Income$97788.00
Median Home Value$205600.00

Population & Demographics

The following information lists the population statistics and breakdown for the 07416 zip code. The total population is 5544, of which, 2779 are male and 2765 are female. With a total area of 24.481 square miles, the population density is 225.6 people per square mile. The median age of the population is 50.4 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
20115834
20125778
20135952
20145818
20155717
20165561
20175521
20185432
20195523
20205491
20215544

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 2374.3%
Age 5-92554.6%
Age 10-142955.3%
Age 15-192724.9%
Age 20-242634.7
Age 25-293356%
Age 30-342113.8%
Age 35-391522.7%
Age 40-44299 5.4%
Age 45-494458%
Age 50-543356%
Age 55-595309.6%
Age 60-6455810.1%
Age 65-695129.2%
Age 70-742805.1%
Age 75-792073.7%
Age 80-841262.3%
Age 85 and over2324.2%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 9.9 %
  • Speaks Spanish: 7.7 %
  • Speaks Other Indo-European Language: 1.8 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0.3 %
Marital Status: 
  • Currently Married: 46.7 %
  • Divorced: 16.3 %
  • Separated (not divorced): 2.2 %
  • Never Married: 25.7 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 07416 zip code is $97788. This is 23.36% 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 $30717. 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 $10,000.0019
$10,000.00 – $14,999.007
$15,000.00 – $24,999.0033
$25,000.00 – $34,999.0049
$35,000.00 – $49,999.00122
$50,000.00 – $74,999.00256
$75,000.00 – $99,999.00217
$100,000.00 – $149,999.00302
$150,000.00 – $199,999,00287
$200,000.00 +68

YearMedian Family Income ($ USD)
201181958
201282243
201381930
201481618
201580264
201669590
201771789
201885455
201991047
202090915
202197788

Income Source# of Households
Wage or Salary1646
Self Employment91
Social Security1115
Dividends, Interest, or Rental486
Retirement903
Other162

Total Insured & Uninsured Individuals: 
  • Families Insure: 5267
  • Families Uninsured: 268
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 903
  • No retirement income: 1627

Education

In the 07416 zip code, 92.2% of individuals over 25 years old have a high school degree or higher, and 20.5% have a bachelors degree or higher. Additionally, 22.7% of individuals 3 years and older are in private school, and 77.3% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 07416 zip, there are an estimated 2906 people in the labor force, of which, 2681 are employed, and 225 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 37.8 minutes. Of the total people that work, 184 worked from home and 2624 commuted. The average number of hours worked is 39.9. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts913
Services499
Sales and Office446
Construction and Maintenance:462
Transportation and Material Moving361





Housing

The median home value for the 07416 zip code is 205600. There is an estimated  2530 number of occupied housing units, the median gross rent in is $1099 per month, and the average monthly housing costs are estimated to be $1184. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000158
$50,000 – $99,00077
$100,000 – $149,999305
$150,000 – $199,999268
$200,000 – $299,999549
$300,000 – $499,999304
$500,000 – $999,99914
$1,000,000+12

Home Year BuiltNumber of Homes
2020 or Later8
2010 – 201956
2000 – 2009174
1980 – 1999359
1960 – 1979640
1940 – 1959358
1939 or earlier935

The median number of rooms in all housing units is 5.5 rooms.
Monthly Rent ($ USD)Number of Units
Less than $50023
$500 – $999262
$1,000 – $1,499363
$1,500 – $1,999154
$2,000 – $2,4997
$2,499 – $2,9998
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30095
300-49959
500-799340
800-999355
1000-1499726
1500-1999508
2000-2499201
2500-2999121
3000+99

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%377
20%-24.9%83
25%-29.9%48
30%-34.9%147
35+%242



# of VehiclesHouseholds
None207
11025
2657
3+641
Home Heating Characteristics: 
  • Utility Gas: 19.6 %
  • Bottle Tank or LP Gas: 11.8 %
  • Electricity: 5.2 %
  • Oil or Kerosene etc: 59.8 %
  • Coal or Coke: 0 %
  • All Other: 3.6 %

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