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07078 Income Statistics

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07078 Compared to Surrounding Areas

Median Household Income

The median household income ($250,001) for 07078 is more than 07932 ($120,550), 07928 ($201,123), 07081 ($123,212), 07052 ($103,956), 07041 ($160,469), 07039 ($168,120), 07901 ($142,909), and Essex County ($63,959).And it's the same as Millburn ($250,001).

07078$250,001
Millburn$250,001
Essex County$63,959

Average Household Income

The average household income ($413,088) for 07078 is more than 07932 ($151,840), 07039 ($224,785), 07901 ($243,821), 07928 ($284,554), 07081 ($140,489), 07052 ($136,267), 07041 ($213,215), Essex County ($105,660), and Millburn ($337,483).

07078$413,088
Millburn$337,483
Essex County$105,660

Per-Capita Income

The per-capita income for 07078 is $130,517. The per capita income ($130,517) for 07078 is more than 07932 ($64,347), 07039 ($77,371), 07901 ($88,061), 07928 ($97,546), 07081 ($55,747), 07052 ($49,913), 07041 ($79,554), Essex County ($39,695), and Millburn ($113,194).

07078$130,517
Millburn$113,194
Essex County$39,695

High Income Households

% of households make over $200,000 a year. The percent high income households (70.8%) for 07078 is more than 07932 (23.1%), 07039 (43.1%), 07901 (39.9%), 07928 (50.5%), 07081 (21.0%), 07052 (21.2%), 07041 (41.4%), Essex County (13.1%), and Millburn (59.7%).

0707870.8%
Millburn59.7%
Essex County13.1%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07078 $-1 $250,001 $250,001 $196,477
Millburn $-1 $250,001 $250,001 $160,804
Essex County $33,972 $62,513 $78,147 $50,469

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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 2020 5-year estimates. These values are in 2020 inflation-adjusted dollars and were downloaded on 17 March 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2020 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+
07078 +/-$-1 +/-$28,201 +/-$9,908 +/-4.3% +/-$-1 +/-$-1 +/-$-1 +/-$56,109
Millburn +/-$-1 +/-$20,012 +/-$7,696 +/-3.5% +/-$-1 +/-$-1 +/-$-1 +/-$53,513
Essex County +/-$1,212 +/-$1,573 +/-$555 +/-0.4% +/-$4,682 +/-$2,151 +/-$2,965 +/-$2,236