08031 can be classified socioeconomically as Lower 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 08031 is White. The majority race/ethnicity attending public schools in 08031 is White. The current unemployment level in 08031 is 5.4%.
| Population | 11,677 |
| Population Growth Rate | 1.30% |
| Population Density | 3,687 People per Square Mile |
| Total Households | 4,433 |
| Percentage High Income Households | 1.3% |
| Median Household Income (2021) | $66,667 |
| Average Adjusted Gross Income (2021) | $313,390 |
| Current Unemployment Rate (October 2024) | 5.4% |
| Majority Race/Ethnicty | White - 74.61% |
| Public School Majority Race/Ethnicty | White - 57.55% |
08031 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 8,887 | 74.61% |
| Black | 361 | 3.03% |
| Hispanic | 1,413 | 11.86% |
| Asian | 1,250 | 10.49% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
08031 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 671 | 60.67% |
| Black | 48 | 4.34% |
| Hispanic | 256 | 23.15% |
| Asian | 130 | 11.75% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 1 | 0.09% |
08031 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 504 | 7.15% |
| Bachelor Degree | 680 | 9.64% |
| High School Diploma | 3,363 | 47.68% |
| No High School Diploma | 245 | 3.47% |
| GED or Alternate | 293 | 4.15% |
| 1 or More Years of College | 929 | 13.17% |
| Associates Degree | 555 | 7.87% |
| Masters Degree | 345 | 4.89% |
| Professional Degree | 46 | 0.65% |
| Doctorate Degree | 93 | 1.32% |