08340 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 08340 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateNew Jersey
CityMilmay
Time ZoneAmerica/New_York
Geo Location39.43609, -74.87302
Population978
Size34.113 square miles
Median Family Income$80625.00
Median Home Value$238200.00

Population & Demographics

The following information lists the population statistics and breakdown for the 08340 zip code. The total population is 978, of which, 564 are male and 414 are female. With a total area of 34.113 square miles, the population density is 38.9 people per square mile. The median age of the population is 37.5 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
2011911
2012818
2013716
2014732
2015713
2016875
20171268
20181251
20191327
20201302
2021978

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 626.3%
Age 5-918118.5%
Age 10-14303.1%
Age 15-19151.5%
Age 20-24394
Age 25-29484.9%
Age 30-34202%
Age 35-3914214.5%
Age 40-4445 4.6%
Age 45-49282.9%
Age 50-54565.7%
Age 55-5900%
Age 60-64515.2%
Age 65-6915015.3%
Age 70-74444.5%
Age 75-7970.7%
Age 80-84606.1%
Age 85 and over00%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 1.3 %
  • Speaks Spanish: 0 %
  • Speaks Other Indo-European Language: 1.3 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 64.7 %
  • Divorced: 3.5 %
  • Separated (not divorced): 0 %
  • Never Married: 24.1 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 08340 zip code is $80625. This is -3.39% less than the national average. This income places 0.5% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $27831. 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 $10,000.000
$10,000.00 – $14,999.000
$15,000.00 – $24,999.000
$25,000.00 – $34,999.000
$35,000.00 – $49,999.0026
$50,000.00 – $74,999.0083
$75,000.00 – $99,999.0050
$100,000.00 – $149,999.0068
$150,000.00 – $199,999,000
$200,000.00 +18

YearMedian Family Income ($ USD)
2011110385
2012105294
2013109946
2014111957
201593854
201676750
201799917
201892679
201981806
202075583
202180625

Income Source# of Households
Wage or Salary233
Self Employment58
Social Security220
Dividends, Interest, or Rental83
Retirement133
Other12

Total Insured & Uninsured Individuals: 
  • Families Insure: 978
  • Families Uninsured: 0
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 133
  • No retirement income: 253

Education

In the 08340 zip code, 92.5% of individuals over 25 years old have a high school degree or higher, and 27.3% have a bachelors degree or higher. Additionally, 3.8% of individuals 3 years and older are in private school, and 96.2% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 08340 zip, there are an estimated 390 people in the labor force, of which, 353 are employed, and 37 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 32.5 minutes. Of the total people that work, 38 worked from home and 353 commuted. The average number of hours worked is 35.2. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts153
Services63
Sales and Office34
Construction and Maintenance:83
Transportation and Material Moving20





Housing

The median home value for the 08340 zip code is 238200. There is an estimated  386 number of occupied housing units, the median gross rent in is $985 per month, and the average monthly housing costs are estimated to be $1420. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,0000
$50,000 – $99,00027
$100,000 – $149,9997
$150,000 – $199,99991
$200,000 – $299,999145
$300,000 – $499,99923
$500,000 – $999,99912
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 20196
2000 – 20099
1980 – 1999116
1960 – 1979177
1940 – 195978
1939 or earlier0

The median number of rooms in all housing units is 6.2 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $99944
$1,000 – $1,49931
$1,500 – $1,9990
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 3000
300-4990
500-79941
800-99989
1000-149974
1500-199959
2000-249961
2500-299947
3000+9

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%43
20%-24.9%19
25%-29.9%116
30%-34.9%0
35+%11



# of VehiclesHouseholds
None0
186
2251
3+49
Home Heating Characteristics: 
  • Utility Gas: 43.3 %
  • Bottle Tank or LP Gas: 19.7 %
  • Electricity: 16.6 %
  • Oil or Kerosene etc: 18.9 %
  • Coal or Coke: 0 %
  • All Other: 1.6 %

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