ZIP Code 07940
ZIP / ZCTAPopulation: 17,675
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 — 07940
- What is the median household income in 07940?
- The median household income in 07940 is $168,520 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 07940?
- The poverty rate in 07940 is 1.1% (U.S. Census Bureau ACS 2023).
- What is the median home value in 07940?
- $883,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in 07940?
- The median gross rent in 07940 is $2,248 per month (U.S. Census Bureau ACS 2023).
- What percentage of 07940 residents have a college degree?
- 70.7% of adults in 07940 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
17,675
Median Income
$168,520
Median Home Value
$883,200
Poverty Rate
1.1%
Unemployment (ACS 2023)
6.8%
Median Age
35.0 yrs
Since 2019
Median Income:
+$21,900 (+14.9%)
Home Value:
+$159,200 (+22%)
Poverty Rate:
-2.0 pp (-64.5%)
Bachelor's+:
+3.6 pp (+5.4%)
Unemployment:
+2.6 pp (+61.9%)
Demographics
Total Population
17,675
Median Age
35.0
Female
51.2%
Race & Ethnicity
Hispanic or Latino 14.4%
White (non-Hisp.) 72.9%
Black 2.5%
Asian 5.7%
Two or More 12.1%
Other 2.3%
Asian Subgroups (% of total pop.)
Chinese
2.0%
Indian
1.7%
Korean
0.7%
Filipino
0.4%
Vietnamese
0.4%
Hispanic Subgroups (% of total pop.)
Cuban
2.2%
Puerto Rican
1.4%
Mexican
1.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$168,520
±$19,893
Per Capita Income
$254,572
Median Family Income
$211,992
Poverty Rate
1.1%
Child Poverty Rate
2.3%
Working-Age Poverty Rate
—
SNAP Recipients
2.4%
Social Security Income
—
Retirement Income
21.7%
Household Income Distribution
< $10k
2.5%
$10–15k
0.8%
$15–25k
1.8%
$25–35k
3.3%
$35–50k
5.2%
$50–75k
9.1%
$75–100k
6.3%
$100–150k
16.2%
$150–200k
13.1%
$200k+
41.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
5,733
Owner-Occupied
64.2%
Renter-Occupied
35.8%
Vacancy Rate
2.9%
Median Home Value
$883,200
Median Gross Rent
$2,248
Owner Cost Burden (30%+)
16.7%
Renter Cost Burden (30%+)
39.2%
Home Value Distribution
< $50k
0.4%
$50–100k
2.1%
$100–200k
0.7%
$200–300k
0.6%
$300–500k
6.3%
$500k–$1M
50.8%
$1M+
39.0%
Gross Rent Distribution
< $500
3.2%
$500–1k
1.7%
$1–1.5k
4.7%
$1.5–2k
25.0%
$2–2.5k
31.0%
$2.5–3.5k
12.1%
$3.5k+
22.2%
Vehicle Availability
No vehicle
5.6%
1 vehicle
29.9%
2 vehicles
50.0%
3+
14.5%
Housing Type
Single-fam. det.
62.8%
Single-fam. att.
6.9%
2–4 units
10.7%
5–19 units
3.7%
20+ units
7.2%
Housing Age
Pre-1940
24.0%
1940–1969
7.9%
1970–1999
5.7%
2000–2009
4.7%
2010+
9.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
96.7%
Bachelor's or Higher
70.7%
Graduate Degree
30.8%
Some College / Associate
7.5%
Less Than High School
1.8%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
67.7%
Unemployment Rate
6.8%
Work from Home
24.7%
Self-Employed
5.0%
Government Workers
10.7%
Private For-Profit
84.3%
Industry
Edu/Health
22.9%
Finance
15.9%
Prof. Services
15.6%
Retail
9.3%
Arts/Entmt.
9.2%
Manufacturing
8.2%
Public Admin
3.9%
Construction
3.4%
Information
3.4%
Transportation
3.0%
Wholesale
1.7%
Occupation
Management
60.0%
Sales
19.2%
Food Prep
10.6%
Production
7.6%
Construction
2.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
26.3 min
Drove Alone
52.2%
Carpool
3.8%
Public Transit
7.7%
Work from Home
24.7%
Walked
9.5%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
5,566
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
60.6%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
30.9%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
5.0%
5–9
6.7%
10–14
6.1%
15–19
10.9%
20–24
12.2%
25–34
9.0%
35–44
11.3%
45–54
13.2%
55–64
7.9%
65–74
5.3%
75–84
6.5%
85+
4.2%
Under 18: 21.4%
Working age (18–64): 78.6%
65 and over: 12.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
14.7%
Naturalized Citizen
57.5%
Speaks English Less Than Very Well
6.8%
Foreign-Born Origin
Latin America
48.4%
Asia
23.5%
Europe
17.5%
Africa
3.1%
Veterans & Disability
Veteran
2.6%
With a Disability
7.2%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
96.3%
Uninsured
3.7%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.1%
Has a Computer
97.0%
Same House 1 Year Ago
90.4%
Moved from Abroad
0.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023