07931 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 07931 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateNew Jersey
CityFar Hills
Time ZoneAmerica/New_York
Geo Location40.70944, -74.65261
Population3432
Size53.652 square miles
Median Family Income$165806.00
Median Home Value$946800.00

Population & Demographics

The following information lists the population statistics and breakdown for the 07931 zip code. The total population is 3432, of which, 1661 are male and 1771 are female. With a total area of 53.652 square miles, the population density is 59.7 people per square mile. The median age of the population is 47.2 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
20113326
20123593
20133545
20143348
20153372
20163628
20173193
20183174
20193203
20203319
20213432

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 2005.8%
Age 5-92437.1%
Age 10-141594.6%
Age 15-192056%
Age 20-241604.7
Age 25-291323.8%
Age 30-34872.5%
Age 35-393028.8%
Age 40-44136 4%
Age 45-492417%
Age 50-541865.4%
Age 55-593058.9%
Age 60-643369.8%
Age 65-692828.2%
Age 70-742597.5%
Age 75-79992.9%
Age 80-84290.8%
Age 85 and over712.1%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 15.8 %
  • Speaks Spanish: 11.7 %
  • Speaks Other Indo-European Language: 2.9 %
  • Speaks Pacific Island Languages: 1 %
  • Speak Other Languages: 0.2 %
Marital Status: 
  • Currently Married: 62 %
  • Divorced: 9.2 %
  • Separated (not divorced): 1 %
  • Never Married: 24.2 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 07931 zip code is $165806. This is 117.22% greater than the national average. This income places 3.7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $60575. 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 – $14,999.000
$15,000.00 – $24,999.0036
$25,000.00 – $34,999.0039
$35,000.00 – $49,999.0037
$50,000.00 – $74,999.0044
$75,000.00 – $99,999.00134
$100,000.00 – $149,999.00149
$150,000.00 – $199,999,00102
$200,000.00 +388

YearMedian Family Income ($ USD)
2011250,000+
2012250,000+
2013250,000+
2014250,000+
2015250,000+
2016240761
2017246818
2018250,000+
2019193147
2020154167
2021165806

Income Source# of Households
Wage or Salary890
Self Employment268
Social Security405
Dividends, Interest, or Rental587
Retirement386
Other71

Total Insured & Uninsured Individuals: 
  • Families Insure: 3147
  • Families Uninsured: 258
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 386
  • No retirement income: 799

Education

In the 07931 zip code, 98.9% of individuals over 25 years old have a high school degree or higher, and 65.2% have a bachelors degree or higher. Additionally, 19.6% of individuals 3 years and older are in private school, and 80.4% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 07931 zip, there are an estimated 1497 people in the labor force, of which, 1338 are employed, and 159 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 31.7 minutes. Of the total people that work, 295 worked from home and 1328 commuted. The average number of hours worked is 38.5. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts828
Services185
Sales and Office151
Construction and Maintenance:141
Transportation and Material Moving33





Housing

The median home value for the 07931 zip code is 946800. There is an estimated  1185 number of occupied housing units, the median gross rent in is $2406 per month, and the average monthly housing costs are estimated to be $3003. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00015
$50,000 – $99,00029
$100,000 – $149,99919
$150,000 – $199,9996
$200,000 – $299,9996
$300,000 – $499,99996
$500,000 – $999,999364
$1,000,000+492

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 20199
2000 – 200982
1980 – 1999451
1960 – 1979204
1940 – 1959146
1939 or earlier293

The median number of rooms in all housing units is 9.0+ rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $9990
$1,000 – $1,49931
$1,500 – $1,99918
$2,000 – $2,4998
$2,499 – $2,9992
$3,000 + 52

Monthly Housing Costs ($)Number of Households
Less than 3001
300-49917
500-79914
800-99915
1000-1499238
1500-199964
2000-2499117
2500-2999102
3000+570

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%169
20%-24.9%86
25%-29.9%26
30%-34.9%28
35+%128



# of VehiclesHouseholds
None6
1229
2480
3+470
Home Heating Characteristics: 
  • Utility Gas: 53 %
  • Bottle Tank or LP Gas: 6.7 %
  • Electricity: 9.3 %
  • Oil or Kerosene etc: 29.7 %
  • Coal or Coke: 0 %
  • All Other: 0.4 %

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