07040 Map

07040 Income Statistics

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Comparison to Surrounding Areas

07040 Median Household Income

The median household income ($165,681) for 07040 is less than the median household income for 07041 ($199,602), 07078 ($250,001), and 07079 ($173,012). But it's more than 07088 ($86,556), 07052 ($127,931), 07106 ($48,983), 07111 ($57,293), 07083 ($114,938), and Essex County ($73,785). And it's the same as Maplewood township ($165,681).

07040$165,681
Maplewood township$165,681
Essex County$73,785

07040 Average Household Income

The average household income ($221,030) for 07040 is less than the average household income for 07041 ($258,289), 07078 ($486,153), and 07079 ($247,012). But it's more than 07088 ($100,594), 07052 ($163,034), 07106 ($70,149), 07111 ($69,428), 07083 ($137,099), and Essex County ($122,134). And it's the same as Maplewood township ($221,030).

07040$221,030
Maplewood township$221,030
Essex County$122,134

07040 Per-Capita Income

The per-capita income for 07040 is $74,936. The per capita income ($74,936) for 07040 is less than the per capita income for 07041 ($91,060), 07078 ($154,251), and 07079 ($77,719). But it's more than 07088 ($38,993), 07052 ($60,079), 07106 ($26,530), 07111 ($27,378), 07083 ($48,565), and Essex County ($45,946). And it's the same as Maplewood township ($74,936).

07040$74,936
Maplewood township$74,936
Essex County$45,946

07040 High Income Households

43.3% of households make over $200,000 a year. The percent high income households (43.3%) for 07040 is more than 07083 (19.3%), 07106 (3.7%), 07111 (2.8%), 07088 (8.6%), 07041 (49.9%), 07052 (27.3%), 07078 (73.5%), 07079 (42.2%), Essex County (16.2%), and Maplewood township (43.3%).

0704043.3%
Maplewood township43.3%
Essex County16.2%

07040 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07040$-1$214,698$183,044$105,000
Maplewood township$-1$214,698$183,044$105,000
Essex County$38,469$74,043$88,945$56,992

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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 2022 5-year estimates. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 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+
07040+/-$16,555+/-$15,340+/-$5,858+/-3.8%+/-$-1+/-$20,127+/-$30,283+/-$13,452
Maplewood township+/-$16,555+/-$15,340+/-$5,858+/-3.8%+/-$-1+/-$20,127+/-$30,283+/-$13,452
Essex County+/-$1,477+/-$2,020+/-$713+/-0.5%+/-$7,443+/-$2,592+/-$2,900+/-$3,206