07040 can be classified socioeconomically as Upper Middle Class class compared to other ZIP Codes in New Jersey based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 07040 is White. The majority race/ethnicity attending public schools in 07040 is White. The current unemployment level in 07040 is 7.9%.
| Population | 25,384 |
| Population Growth Rate | 3.57% |
| Population Density | 6,526 People per Square Mile |
| Total Households | 7,869 |
| Percentage High Income Households | 22.0% |
| Median Household Income (2021) | $156,477 |
| Average Adjusted Gross Income (2020) | $155,280 |
| Current Unemployment Rate (April 2024) | 7.9% |
| Majority Race/Ethnicty | White - 53.75% |
| Public School Majority Race/Ethnicty | White - 53.15% |
07040 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 13,609 | 53.75% |
| Black | 8,520 | 33.65% |
| Hispanic | 2,102 | 8.3% |
| Asian | 855 | 3.38% |
| Native American | 234 | 0.92% |
| Hawaiian/Pac. Islander | 0 | 0% |
07040 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 2,579 | 56.81% |
| Black | 1,357 | 29.89% |
| Hispanic | 415 | 9.14% |
| Asian | 178 | 3.92% |
| Native American | 7 | 0.15% |
| Hawaiian/Pac. Islander | 4 | 0.09% |
07040 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 421 | 2.94% |
| Bachelor Degree | 5,142 | 35.92% |
| High School Diploma | 1,967 | 13.74% |
| No High School Diploma | 181 | 1.26% |
| GED or Alternate | 308 | 2.15% |
| 1 or More Years of College | 1,640 | 11.46% |
| Associates Degree | 605 | 4.23% |
| Masters Degree | 2,664 | 18.61% |
| Professional Degree | 965 | 6.74% |
| Doctorate Degree | 423 | 2.95% |