07005 Income Statistics

Comparison to Surrounding Areas

07005 Median Household Income

The median household income ($132,629) for 07005 is less than the median household income for 07834 ($156,902), 07045 ($185,078), 07046 ($250,001), 07082 ($205,023), 07405 ($135,169), Morris County ($137,326), Boonton township ($192,188), Denville township ($160,817), Montville township ($169,083), and Rockaway township ($141,868). But it's more than 07034 ($104,663), 07054 ($104,214), 07866 ($131,403), Parsippany-Troy Hills township ($112,327), and Boonton town ($114,302).

07005$132,629
Montville township$169,083
Boonton township$192,188
Denville township$160,817
Boonton town$114,302
Parsippany-Troy Hills township$112,327
Rockaway township$141,868
Morris County$137,326

Get Median Household Income for all Zip Codes in New Jersey.

07005 Average Household Income

The average household income ($168,824) for 07005 is less than the average household income for 07834 ($180,682), 07045 ($226,439), 07046 ($368,558), 07082 ($254,737), 07405 ($181,841), Morris County ($186,467), Boonton township ($238,149), Denville township ($183,889), Montville township ($218,537), and Rockaway township ($178,514). But it's more than 07034 ($130,396), 07054 ($140,505), 07866 ($165,655), Parsippany-Troy Hills township ($146,673), and Boonton town ($123,257).

07005$168,824
Montville township$218,537
Boonton township$238,149
Denville township$183,889
Boonton town$123,257
Parsippany-Troy Hills township$146,673
Rockaway township$178,514
Morris County$186,467

Get Average Household Income for all Zip Codes in New Jersey.

07005 Per-Capita Income

The per-capita income for 07005 is $65,082. The per capita income ($65,082) for 07005 is less than the per capita income for 07834 ($65,725), 07045 ($82,818), 07046 ($116,093), 07082 ($96,410), 07405 ($69,698), Morris County ($71,044), Boonton township ($78,464), Denville township ($66,884), and Montville township ($81,342). But it's more than 07034 ($54,549), 07054 ($59,281), 07866 ($63,997), Parsippany-Troy Hills township ($61,016), Rockaway township ($64,985), and Boonton town ($50,298).

07005$65,082
Montville township$81,342
Boonton township$78,464
Denville township$66,884
Boonton town$50,298
Parsippany-Troy Hills township$61,016
Rockaway township$64,985
Morris County$71,044

Get Per-Capita Income for all Zip Codes in New Jersey.

07005 High Income Households

28.6% of households make over $200,000 a year. The percent high income households (28.6%) for 07005 is less than the percent high income households for 07834 (34.9%), 07045 (48.5%), 07046 (66.6%), 07082 (50.2%), 07405 (31.1%), Morris County (32.3%), Boonton township (49.9%), Denville township (35.1%), Montville township (44.2%), and Rockaway township (28.9%). But it's more than 07034 (16.5%), 07054 (22.9%), 07866 (25.6%), Parsippany-Troy Hills township (24.0%), and Boonton town (16.3%).

0700528.6%
Montville township44.2%
Boonton township49.9%
Denville township35.1%
Boonton town16.3%
Parsippany-Troy Hills township24.0%
Rockaway township28.9%
Morris County32.3%

Get High Income Households for all Zip Codes in New Jersey.

07005 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07005$-1$168,708$153,388$88,529
Montville township$-1$183,798$246,803$104,009
Boonton township$-1$250,001$224,602$109,519
Denville township$-1$189,048$177,054$105,923
Boonton town$-1$147,946$117,188$62,065
Parsippany-Troy Hills township$93,652$120,333$152,388$75,556
Rockaway township$-1$160,724$160,586$87,560
Morris County$92,869$154,035$168,915$88,443

Get Median Household Income by Age of Householder for all Zip Codes in New Jersey.

07005 Map

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About the Data

Data Sources

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 07005 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

Margins of error for the income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
07005+/-$13,206+/-$13,146+/-$4,919+/-4.2%+/-$-1+/-$31,110+/-$23,679+/-$25,017
Montville township+/-$22,872+/-$18,552+/-$6,229+/-4.8%+/-$-1+/-$23,057+/-$22,387+/-$25,035
Boonton township+/-$65,328+/-$26,927+/-$7,961+/-9.0%+/-$-1+/-$-1+/-$85,460+/-$25,028
Denville township+/-$17,322+/-$12,910+/-$5,228+/-4.6%+/-$-1+/-$15,895+/-$30,790+/-$25,576
Boonton town+/-$23,372+/-$13,074+/-$5,109+/-5.1%+/-$-1+/-$30,896+/-$31,195+/-$46,988
Parsippany-Troy Hills township+/-$5,991+/-$5,510+/-$2,230+/-2.2%+/-$749+/-$8,935+/-$15,231+/-$6,659
Rockaway township+/-$4,783+/-$11,156+/-$4,223+/-3.2%+/-$-1+/-$12,836+/-$6,725+/-$13,186
Morris County+/-$2,991+/-$2,672+/-$1,025+/-0.7%+/-$10,068+/-$3,899+/-$5,453+/-$2,149