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07005 Income Statistics

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07005 Compared to Surrounding Areas

Median Household Income

The median household income ($110,350) for 07005 is less than the median household income for 65068 ($55,625), 01034 ($91,176), 18331 ($-666666,666), 31605 ($59,594), 99721 ($62,788), Portage County ($65,550), Plumas Lake CDP ($104,021), Merritt township ($70,714), Elizabethtown town ($21,066), Sierra Blanca CDP ($-666666,666), and Douglass city ($60,882). But it's more than Wasilla city ($62,292), Morrisville village ($48,095), Neylandville town ($34,167), and Morrisville village ($58,203).

07005$110,350
Montville township$151,003
Boonton township$151,500
Denville township$149,752
Boonton town$85,948
Parsippany-Troy Hills township$103,217
Rockaway township$131,313
Morris County$123,727

Average Household Income

The average household income ($145,485) for 07005 is less than the average household income for 65068 ($70,074), 01034 ($109,557), 18331 ($46,763), 31605 ($79,141), 99721 ($78,244), Portage County ($82,855), Plumas Lake CDP ($129,396), Merritt township ($82,871), Elizabethtown town ($34,963), Sierra Blanca CDP ($61,106), and Douglass city ($74,952). But it's more than Wasilla city ($80,498), Morrisville village ($49,180), Neylandville town ($39,362), and Morrisville village ($71,545).

07005$145,485
Montville township$185,227
Boonton township$209,499
Denville township$175,421
Boonton town$111,315
Parsippany-Troy Hills township$132,028
Rockaway township$158,169
Morris County$164,869

Per-Capita Income

The per-capita income for 07005 is $55,676. The per capita income ($55,676) for 07005 is less than the per capita income for 65068 ($29,491), 01034 ($45,893), 18331 ($23,202), 31605 ($29,830), 99721 ($20,654), Plumas Lake CDP ($38,849), Merritt township ($32,238), Elizabethtown town ($18,455), Sierra Blanca CDP ($11,674), and Douglass city ($29,083). But it's more than Portage County ($34,841), Wasilla city ($34,791), Morrisville village ($9,649), Neylandville town ($11,988), and Morrisville village ($30,658).

07005$55,676
Montville township$66,621
Boonton township$68,414
Denville township$67,800
Boonton town$44,946
Parsippany-Troy Hills township$52,266
Rockaway township$56,495
Morris County$61,915

High Income Households

% of households make over $200,000 a year. The percent high income households (21.9%) for 07005 is less than the percent high income households for 65068 (3.3%), 01034 (9.9%), 18331 (0.0%), 31605 (4.9%), 99721 (4.1%), Portage County (4.9%), Plumas Lake CDP (8.0%), Merritt township (3.8%), Elizabethtown town (1.1%), Sierra Blanca CDP (0.0%), and Douglass city (5.3%). But it's more than Wasilla city (5.6%), Morrisville village (0.0%), Neylandville town (0.0%), and Morrisville village (3.4%).

0700521.9%
Montville township34.4%
Boonton township40.4%
Denville township28.9%
Boonton town12.4%
Parsippany-Troy Hills township18.8%
Rockaway township24.2%
Morris County26.6%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07005$-666666,666$129,643$132,917$68,963
Montville township$-666666,666$153,700$187,337$86,750
Boonton township$-666666,666$250,001$158,000$96,528
Denville township$-666666,666$162,053$173,388$97,500
Boonton town$-666666,666$104,293$97,219$53,977
Parsippany-Troy Hills township$80,717$107,679$133,376$68,879
Rockaway township$-666666,666$143,539$147,056$77,540
Morris County$79,229$132,434$151,176$80,935

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2021 5-year estimates. These values are in 2021 inflation-adjusted dollars and were downloaded on 8 Dec 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above 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+/-$17,100+/-$11,371+/-$4,432+/-3.1%+/-$-222222,222+/-$27,972+/-$15,794+/-$13,447
Montville township+/-$9,090+/-$13,707+/-$4,950+/-4.3%+/-$-222222,222+/-$9,463+/-$10,877+/-$32,955
Boonton township+/-$34,106+/-$27,408+/-$9,168+/-8.4%+/-$-222222,222+/-$-333333,333+/-$45,297+/-$56,456
Denville township+/-$16,148+/-$11,516+/-$4,229+/-3.4%+/-$-222222,222+/-$24,258+/-$13,404+/-$19,580
Boonton town+/-$17,746+/-$12,363+/-$5,150+/-3.1%+/-$-222222,222+/-$16,910+/-$36,254+/-$31,314
Parsippany-Troy Hills township+/-$4,479+/-$5,443+/-$2,171+/-2.1%+/-$25,194+/-$12,454+/-$11,480+/-$9,214
Rockaway township+/-$9,969+/-$10,357+/-$3,849+/-3.2%+/-$-222222,222+/-$9,929+/-$23,582+/-$11,799
Morris County+/-$2,708+/-$2,745+/-$998+/-0.7%+/-$22,762+/-$4,191+/-$4,770+/-$2,745