Comparison to Surrounding Areas
The median household income ($104,214) for 07054 is less than 07981 ($149,893), 07936 ($149,583), 07950 ($153,762), 07005 ($132,629), 07034 ($104,663), 07046 ($250,001), 07058 ($127,805), 07834 ($156,902), 07927 ($170,400), Morris County ($137,326), and Parsippany-Troy Hills township ($112,327).
| 07054 | $104,214 |
| Parsippany-Troy Hills township | $112,327 |
| Morris County | $137,326 |
Get Median Household Income for all Zip Codes in New Jersey.
The average household income ($140,505) for 07054 is less than the average household income for 07981 ($182,251), 07936 ($202,237), 07950 ($186,145), 07005 ($168,824), 07046 ($368,558), 07058 ($159,869), 07834 ($180,682), 07927 ($190,007), Morris County ($186,467), and Parsippany-Troy Hills township ($146,673). But it's more than 07034 ($130,396).
| 07054 | $140,505 |
| Parsippany-Troy Hills township | $146,673 |
| Morris County | $186,467 |
Get Average Household Income for all Zip Codes in New Jersey.
The per-capita income for 07054 is $59,281. The per capita income ($59,281) for 07054 is less than the per capita income for 07981 ($75,777), 07936 ($72,871), 07950 ($73,079), 07005 ($65,082), 07046 ($116,093), 07058 ($61,006), 07834 ($65,725), 07927 ($69,692), Morris County ($71,044), and Parsippany-Troy Hills township ($61,016). But it's more than 07034 ($54,549).
| 07054 | $59,281 |
| Parsippany-Troy Hills township | $61,016 |
| Morris County | $71,044 |
Get Per-Capita Income for all Zip Codes in New Jersey.
22.9% of households make over $200,000 a year. The percent high income households (22.9%) for 07054 is less than the percent high income households for 07981 (31.3%), 07936 (37.8%), 07950 (36.0%), 07005 (28.6%), 07046 (66.6%), 07058 (28.3%), 07834 (34.9%), 07927 (39.3%), Morris County (32.3%), and Parsippany-Troy Hills township (24.0%). But it's more than 07034 (16.5%).
| 07054 | 22.9% |
| Parsippany-Troy Hills township | 24.0% |
| Morris County | 32.3% |
Get High Income Households for all Zip Codes in New Jersey.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 07054 | $93,717 | $121,129 | $135,442 | $67,847 |
| Parsippany-Troy Hills township | $93,652 | $120,333 | $152,388 | $75,556 |
| 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.
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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 07054 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
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+ | |||||
| 07054 | +/-$8,167 | +/-$7,276 | +/-$2,599 | +/-2.7% | +/-$609 | +/-$6,413 | +/-$18,787 | +/-$8,015 |
| Parsippany-Troy Hills township | +/-$5,991 | +/-$5,510 | +/-$2,230 | +/-2.2% | +/-$749 | +/-$8,935 | +/-$15,231 | +/-$6,659 |
| Morris County | +/-$2,991 | +/-$2,672 | +/-$1,025 | +/-0.7% | +/-$10,068 | +/-$3,899 | +/-$5,453 | +/-$2,149 |