07438 Income Statistics

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Comparison to Surrounding Areas

07438 Median Household Income

The median household income ($120,242) for 07438 is less than the median household income for 07871 ($159,924), 07435 ($136,600), Morris County ($130,808), and West Milford township ($120,465). But it's more than 07801 ($70,942), 07885 ($102,578), 07849 ($115,670), 07460 ($105,787), 07480 ($111,786), Passaic County ($84,465), and Jefferson township ($120,060).

07438	$120,242
West Milford township	$120,465
Jefferson township	$120,060
Morris County	$130,808
Passaic County	$84,465

07438 Average Household Income

The average household income ($136,902) for 07438 is less than the average household income for 07849 ($144,732), 07871 ($197,425), 07435 ($184,504), Morris County ($178,045), West Milford township ($144,821), and Jefferson township ($138,484). But it's more than 07885 ($119,718), 07460 ($128,655), 07480 ($133,677), 07801 ($111,329), and Passaic County ($112,562).

07438	$136,902
West Milford township	$144,821
Jefferson township	$138,484
Morris County	$178,045
Passaic County	$112,562

07438 Per-Capita Income

The per-capita income for 07438 is $53,224. The per capita income ($53,224) for 07438 is less than the per capita income for 07480 ($53,271), 07435 ($74,350), 07849 ($56,492), 07871 ($71,983), Morris County ($67,555), Jefferson township ($54,765), and West Milford township ($56,631). But it's more than 07885 ($48,610), 07460 ($52,851), 07801 ($37,775), and Passaic County ($38,932).

07438	$53,224
West Milford township	$56,631
Jefferson township	$54,765
Morris County	$67,555
Passaic County	$38,932

07438 High Income Households

20.8% of households make over $200,000 a year. The percent high income households (20.8%) for 07438 is more than 07849 (23.8%), 07871 (38.3%), 07480 (19.7%), 07801 (10.8%), 07435 (23.2%), 07885 (12.4%), 07460 (22.5%), Morris County (29.8%), Passaic County (14.7%), Jefferson township (20.8%), and West Milford township (24.2%).

07438	20.8%
West Milford township	24.2%
Jefferson township	20.8%
Morris County	29.8%
Passaic County	14.7%

07438 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
07438	$-1	$140,060	$146,643	$57,989
West Milford township	$-1	$144,309	$144,814	$76,591
Jefferson township	$-1	$137,647	$147,283	$62,563
Morris County	$85,508	$140,890	$163,973	$85,541
Passaic County	$44,665	$85,773	$100,746	$62,989

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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 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
07438	+/-$14,489	+/-$15,846	+/-$4,660	+/-5.5%	+/-$-1	+/-$21,048	+/-$29,973	+/-$30,505
West Milford township	+/-$9,159	+/-$9,308	+/-$2,789	+/-3.6%	+/-$-1	+/-$19,979	+/-$15,282	+/-$14,969
Jefferson township	+/-$12,240	+/-$10,362	+/-$3,504	+/-3.7%	+/-$-1	+/-$24,029	+/-$16,792	+/-$20,661
Morris County	+/-$2,727	+/-$3,246	+/-$1,164	+/-0.8%	+/-$25,035	+/-$2,984	+/-$5,748	+/-$3,633
Passaic County	+/-$1,564	+/-$1,953	+/-$675	+/-0.7%	+/-$9,537	+/-$3,207	+/-$3,217	+/-$2,234