ZIP Code 08550
ZIP / ZCTAPopulation: 20,876
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 — 08550
- What is the median household income in 08550?
- The median household income in 08550 is $206,658 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 08550?
- The poverty rate in 08550 is 1.5% (U.S. Census Bureau ACS 2023).
- What is the median home value in 08550?
- $758,900 (U.S. Census Bureau ACS 2023).
- What is the average rent in 08550?
- The median gross rent in 08550 is $2,694 per month (U.S. Census Bureau ACS 2023).
- What percentage of 08550 residents have a college degree?
- 84.5% of adults in 08550 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
20,876
Median Income
$206,658
Median Home Value
$758,900
Poverty Rate
1.5%
Unemployment (ACS 2023)
3.1%
Median Age
45.0 yrs
Since 2019
Median Income:
+$14,427 (+7.5%)
Home Value:
+$132,100 (+21.1%)
Poverty Rate:
+0.9 pp (+150%)
Bachelor's+:
+2.4 pp (+2.9%)
Unemployment:
-2.7 pp (-46.6%)
Demographics
Total Population
20,876
Median Age
45.0
Female
49.9%
Race & Ethnicity
Hispanic or Latino 5.7%
White (non-Hisp.) 36.9%
Black 1.7%
Asian 52.5%
Two or More 5.9%
Other 0.9%
Asian Subgroups (% of total pop.)
Indian
37.7%
Chinese
10.6%
Korean
1.1%
Japanese
0.7%
Filipino
0.5%
Hispanic Subgroups (% of total pop.)
Puerto Rican
2.7%
Mexican
0.2%
Cuban
0.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$206,658
±$24,907
Per Capita Income
$273,235
Median Family Income
$246,471
Poverty Rate
1.5%
Child Poverty Rate
0.0%
Working-Age Poverty Rate
—
SNAP Recipients
2.1%
Social Security Income
—
Retirement Income
21.5%
Household Income Distribution
< $10k
2.9%
$10–15k
1.7%
$15–25k
0.8%
$25–35k
1.3%
$35–50k
4.4%
$50–75k
4.9%
$75–100k
6.4%
$100–150k
9.0%
$150–200k
15.8%
$200k+
52.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
7,839
Owner-Occupied
76.3%
Renter-Occupied
23.7%
Vacancy Rate
1.3%
Median Home Value
$758,900
Median Gross Rent
$2,694
Owner Cost Burden (30%+)
14.9%
Renter Cost Burden (30%+)
12.7%
Home Value Distribution
$50–100k
0.6%
$100–200k
0.8%
$200–300k
0.6%
$300–500k
11.7%
$500k–$1M
69.8%
$1M+
15.9%
Gross Rent Distribution
< $500
4.1%
$500–1k
4.6%
$1–1.5k
6.3%
$1.5–2k
19.2%
$2–2.5k
6.6%
$2.5–3.5k
23.6%
$3.5k+
35.5%
Vehicle Availability
No vehicle
5.7%
1 vehicle
29.0%
2 vehicles
49.1%
3+
16.1%
Housing Type
Single-fam. det.
72.6%
Single-fam. att.
7.9%
5–19 units
3.9%
20+ units
5.3%
Housing Age
Pre-1940
4.2%
1940–1969
1.6%
1970–1999
12.8%
2000–2009
17.1%
2010+
6.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
98.8%
Bachelor's or Higher
84.5%
Graduate Degree
53.7%
Some College / Associate
5.7%
Less Than High School
0.7%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
67.6%
Unemployment Rate
3.1%
Work from Home
40.8%
Self-Employed
4.8%
Government Workers
9.6%
Private For-Profit
85.5%
Industry
Prof. Services
27.7%
Edu/Health
22.4%
Finance
20.7%
Manufacturing
6.4%
Retail
5.5%
Information
4.9%
Arts/Entmt.
3.1%
Public Admin
2.7%
Wholesale
2.7%
Transportation
1.2%
Construction
1.1%
Agriculture
0.1%
Occupation
Management
82.3%
Sales
11.0%
Food Prep
3.8%
Production
2.5%
Construction
0.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
45.1 min
Drove Alone
37.9%
Carpool
3.8%
Public Transit
14.6%
Work from Home
40.8%
Walked
1.4%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
7,737
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
72.7%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
35.5%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
3.8%
5–9
5.4%
10–14
9.4%
15–19
6.9%
20–24
3.1%
25–34
5.7%
35–44
15.3%
45–54
19.1%
55–64
7.4%
65–74
6.6%
75–84
9.6%
85+
5.6%
Under 18: 23.6%
Working age (18–64): 76.4%
65 and over: 17.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
44.7%
Naturalized Citizen
60.5%
Speaks English Less Than Very Well
11.1%
Foreign-Born Origin
Asia
85.3%
Europe
9.5%
Latin America
3.5%
Africa
1.5%
Veterans & Disability
Veteran
1.7%
With a Disability
4.8%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.2%
Uninsured
1.8%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
99.2%
Has a Computer
99.7%
Same House 1 Year Ago
90.9%
Moved from Abroad
1.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023