07078 Income Statistics

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Median Household Income

The median household income ($250,001) for 07078 is more than the median household income for 07052 ($99,845), 07041 ($109,167), 07081 ($114,296), 07928 ($177,564), 07039 ($163,403), 07932 ($126,492), 07901 ($139,919), Livingston ($163,403), Millburn ($214,449), and Essex County ($59,302).

07078 Livingston Millburn Essex County
$250,001 $163,403 $214,449 $59,302

Average Household Income

The average household income ($388,136) for 07078 is less than the average household income for Essex County ($99,512). But it's more than 07052 ($135,965), 07041 ($189,098), 07081 ($137,939), 07928 ($269,741), 07039 ($215,158), 07932 ($168,828), 07901 ($234,258), Livingston ($215,158), and Millburn ($311,630).

07078 Livingston Millburn Essex County
$388,136 $215,158 $311,630 $99,512

Per-Capita Income

The per-capita income for 07078 is $120,224. The per-capita income for 07078 is less than the per-capita income for 07052 ($49,276), 07041 ($68,521), 07081 ($57,265), 07928 ($92,363), 07039 ($73,641), 07932 ($68,174), 07901 ($84,376), Livingston ($73,641), and Essex County ($37,141). But it's more than Millburn ($102,110).

07078 Livingston Millburn Essex County
$120,224 $73,641 $102,110 $37,141

High Income Households

65.6% of households make over $200,000 a year. The percent high income households for 07078 is more than the percent high income households for 07052 (18.9%), 07041 (33.3%), 07081 (21.4%), 07928 (43.6%), 07039 (41.0%), 07932 (29.0%), 07901 (37.0%), Livingston (41.0%), Millburn (53.2%), and Essex County (11.8%).

07078 Livingston Millburn Essex County
65.6% 41.0% 53.2% 11.8%

Median Household Income by Age of Householder

07078 Livingston Millburn Essex County
Householder under 25 years -$1 -$1 -$1 $27,156
Householder 25 to 44 years $250,001 $208,621 $240,833 $59,180
Householder 45 to 64 years $250,001 $194,063 $250,001 $72,982
Householder 65 years and over $164,000 $87,882 $111,771 $42,327

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About the Data

Sources & Margins of Error

All income statistics above for 07078, Livingston, Millburn, and Essex County are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2018 5-year estimates. These values are in 2018 inflation-adjusted dollars and were downloaded on 19 December 2019.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2018 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2018 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2018 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2018 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2018 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data for 07078, Livingston, Millburn, and Essex County, are respectively:

  • Median Household Income: ., +/-11,942, +/-19,318, and +/-1,069
  • Average Household Income: +/-26,155, +/-11,860, +/-16,828, and +/-1,167
  • Per Capital Income: +/-8,795, +/-3,868, +/-5,872, and +/-421
  • High Income Households: +/-4.0, +/-2.6, +/-2.9, and +/-0.3
  • Median Household Income: Householders under 25: ., ., ., and +/-2,609
  • Median Household Income: Householders 25 to 44: ., +/-16,594, +/-38,462, and +/-2,078
  • Median Household Income: Householders 45 to 64: ., +/-14,839, ., and +/-1,653
  • Median Household Income: Householders 65+: +/-39,914, +/-19,661, +/-16,573, and +/-1,583

For MOEs for neighboring zip codes see: 07052, 07041, 07081, 07928, 07039, 07932, and 07901.

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