ZIP Code 07040
ZIP / ZCTAPopulation: 25,406
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 — 07040
- What is the median household income in 07040?
- The median household income in 07040 is $167,428 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 07040?
- The poverty rate in 07040 is 1.0% (U.S. Census Bureau ACS 2023).
- What is the median home value in 07040?
- $684,600 (U.S. Census Bureau ACS 2023).
- What is the average rent in 07040?
- The median gross rent in 07040 is $2,184 per month (U.S. Census Bureau ACS 2023).
- What percentage of 07040 residents have a college degree?
- 69.4% of adults in 07040 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
25,406
Median Income
$167,428
Median Home Value
$684,600
Poverty Rate
1.0%
Unemployment (ACS 2023)
7.1%
Median Age
38.0 yrs
Since 2019
Median Income:
+$28,558 (+20.6%)
Home Value:
+$155,200 (+29.3%)
Poverty Rate:
-3.9 pp (-79.6%)
Bachelor's+:
+8.3 pp (+13.6%)
Unemployment:
+1.1 pp (+18.3%)
Demographics
Total Population
25,406
Median Age
38.0
Female
51.7%
Race & Ethnicity
Hispanic or Latino 8.7%
White (non-Hisp.) 52.9%
Black 31.1%
Asian 3.4%
Two or More 6.1%
Other 3.8%
Asian Subgroups (% of total pop.)
Indian
1.4%
Chinese
0.6%
Korean
0.4%
Filipino
0.3%
Japanese
0.3%
Vietnamese
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
1.7%
Puerto Rican
1.0%
Cuban
0.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$167,428
±$21,700
Per Capita Income
$213,374
Median Family Income
$205,000
Poverty Rate
1.0%
Child Poverty Rate
1.6%
Working-Age Poverty Rate
—
SNAP Recipients
3.7%
Social Security Income
—
Retirement Income
19.4%
Household Income Distribution
< $10k
2.4%
$10–15k
1.2%
$15–25k
2.0%
$25–35k
1.9%
$35–50k
4.9%
$50–75k
10.7%
$75–100k
8.9%
$100–150k
14.2%
$150–200k
11.8%
$200k+
42.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
8,981
Owner-Occupied
76.9%
Renter-Occupied
23.1%
Vacancy Rate
3.6%
Median Home Value
$684,600
Median Gross Rent
$2,184
Owner Cost Burden (30%+)
21.6%
Renter Cost Burden (30%+)
41.3%
Home Value Distribution
< $50k
0.7%
$50–100k
0.1%
$200–300k
7.3%
$300–500k
17.6%
$500k–$1M
54.1%
$1M+
19.0%
Gross Rent Distribution
< $500
4.4%
$500–1k
6.1%
$1–1.5k
15.0%
$1.5–2k
16.0%
$2–2.5k
22.8%
$2.5–3.5k
14.2%
$3.5k+
21.3%
Vehicle Availability
No vehicle
7.8%
1 vehicle
35.0%
2 vehicles
43.5%
3+
13.7%
Housing Type
Single-fam. det.
60.1%
Single-fam. att.
3.2%
2–4 units
18.1%
5–19 units
1.2%
20+ units
10.8%
Housing Age
Pre-1940
54.8%
1940–1969
7.0%
1970–1999
2.7%
2000–2009
2.3%
2010+
7.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
95.8%
Bachelor's or Higher
69.4%
Graduate Degree
31.9%
Some College / Associate
14.4%
Less Than High School
2.3%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
73.9%
Unemployment Rate
7.1%
Work from Home
26.6%
Self-Employed
5.8%
Government Workers
12.9%
Private For-Profit
81.2%
Industry
Edu/Health
25.0%
Prof. Services
19.0%
Finance
11.0%
Arts/Entmt.
8.7%
Retail
7.0%
Information
6.8%
Transportation
5.5%
Manufacturing
4.7%
Construction
4.1%
Public Admin
3.2%
Wholesale
1.4%
Occupation
Management
63.4%
Sales
15.9%
Food Prep
10.7%
Production
6.8%
Construction
3.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
39.0 min
Drove Alone
47.6%
Carpool
1.2%
Public Transit
20.5%
Work from Home
26.6%
Walked
0.5%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
8,659
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
58.1%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
33.3%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
7.1%
5–9
9.1%
10–14
7.4%
15–19
6.4%
20–24
4.6%
25–34
11.1%
35–44
13.7%
45–54
14.9%
55–64
7.4%
65–74
6.3%
75–84
6.1%
85+
4.2%
Under 18: 28.0%
Working age (18–64): 72.0%
65 and over: 12.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
23.3%
Naturalized Citizen
75.1%
Speaks English Less Than Very Well
2.9%
Foreign-Born Origin
Latin America
59.8%
Europe
16.6%
Africa
12.5%
Asia
7.8%
Veterans & Disability
Veteran
2.5%
With a Disability
6.0%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
95.8%
Uninsured
4.2%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
96.2%
Has a Computer
98.1%
Same House 1 Year Ago
90.9%
Moved from Abroad
0.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023