ZIP Code 07016
ZIP / ZCTAPopulation: 23,841
ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes. Boundaries may differ slightly from postal delivery areas, and estimates for less-populated ZCTAs carry higher margins of error.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — 07016
- What is the median household income in 07016?
- The median household income in 07016 is $148,629 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 07016?
- The poverty rate in 07016 is 1.9% (U.S. Census Bureau ACS 2023).
- What is the median home value in 07016?
- $635,800 (U.S. Census Bureau ACS 2023).
- What is the average rent in 07016?
- The median gross rent in 07016 is $2,116 per month (U.S. Census Bureau ACS 2023).
- What percentage of 07016 residents have a college degree?
- 64.8% of adults in 07016 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
23,841
Median Income
$148,629
Median Home Value
$635,800
Poverty Rate
1.9%
Unemployment (ACS 2023)
3.4%
Median Age
42.0 yrs
Since 2019
Median Income:
+$18,848 (+14.5%)
Home Value:
+$149,200 (+30.7%)
Poverty Rate:
+0.7 pp (+58.3%)
Bachelor's+:
+7.7 pp (+13.5%)
Unemployment:
-1.3 pp (-27.7%)
Demographics
Total Population
23,841
Median Age
42.0
Female
49.6%
Race & Ethnicity
Hispanic or Latino 7.4%
White (non-Hisp.) 84.6%
Black 2.3%
Asian 3.0%
Two or More 6.1%
Other 2.6%
Asian Subgroups (% of total pop.)
Chinese
1.2%
Filipino
0.7%
Indian
0.6%
Korean
0.4%
Japanese
0.1%
Hispanic Subgroups (% of total pop.)
Puerto Rican
1.0%
Cuban
0.5%
Mexican
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$148,629
±$21,133
Per Capita Income
$211,028
Median Family Income
$200,774
Poverty Rate
1.9%
Child Poverty Rate
1.2%
Working-Age Poverty Rate
—
SNAP Recipients
2.6%
Social Security Income
—
Retirement Income
28.2%
Household Income Distribution
< $10k
1.6%
$10–15k
1.5%
$15–25k
3.9%
$25–35k
1.8%
$35–50k
5.4%
$50–75k
11.7%
$75–100k
9.4%
$100–150k
14.9%
$150–200k
12.6%
$200k+
37.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
9,619
Owner-Occupied
78.4%
Renter-Occupied
21.6%
Vacancy Rate
2.2%
Median Home Value
$635,800
Median Gross Rent
$2,116
Owner Cost Burden (30%+)
19.5%
Renter Cost Burden (30%+)
30.3%
Home Value Distribution
< $50k
0.1%
$50–100k
0.3%
$100–200k
0.7%
$200–300k
3.1%
$300–500k
17.0%
$500k–$1M
73.7%
$1M+
4.7%
Gross Rent Distribution
< $500
8.3%
$500–1k
6.0%
$1–1.5k
6.2%
$1.5–2k
23.7%
$2–2.5k
24.6%
$2.5–3.5k
11.4%
$3.5k+
19.6%
Vehicle Availability
No vehicle
6.3%
1 vehicle
30.7%
2 vehicles
43.0%
3+
20.0%
Housing Type
Single-fam. det.
72.4%
Single-fam. att.
2.8%
2–4 units
7.7%
5–19 units
1.5%
20+ units
11.0%
Housing Age
Pre-1940
30.8%
1940–1969
16.1%
1970–1999
4.3%
2000–2009
2.5%
2010+
4.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
97.2%
Bachelor's or Higher
64.8%
Graduate Degree
27.1%
Some College / Associate
10.6%
Less Than High School
1.6%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
67.6%
Unemployment Rate
3.4%
Work from Home
22.7%
Self-Employed
3.4%
Government Workers
17.9%
Private For-Profit
78.7%
Industry
Edu/Health
25.2%
Prof. Services
17.2%
Finance
14.9%
Retail
7.5%
Manufacturing
6.8%
Public Admin
5.1%
Arts/Entmt.
5.0%
Construction
4.9%
Transportation
3.6%
Information
3.3%
Wholesale
3.2%
Agriculture
0.2%
Occupation
Management
65.4%
Sales
17.0%
Food Prep
9.2%
Production
4.4%
Construction
4.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
35.4 min
Drove Alone
58.5%
Carpool
3.8%
Public Transit
12.4%
Work from Home
22.7%
Walked
1.4%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
9,410
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
59.5%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
30.4%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.0%
5–9
6.9%
10–14
5.3%
15–19
6.0%
20–24
4.5%
25–34
10.3%
35–44
13.5%
45–54
14.8%
55–64
7.1%
65–74
5.9%
75–84
9.3%
85+
5.4%
Under 18: 22.5%
Working age (18–64): 77.5%
65 and over: 19.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
10.0%
Naturalized Citizen
75.4%
Speaks English Less Than Very Well
3.3%
Foreign-Born Origin
Europe
39.3%
Latin America
25.3%
Asia
24.3%
Africa
8.3%
Veterans & Disability
Veteran
4.1%
With a Disability
9.9%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
97.8%
Uninsured
2.2%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
91.2%
Has a Computer
96.5%
Same House 1 Year Ago
93.6%
Moved from Abroad
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023