07834 Income Statistics

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07834 Compared to Surrounding Areas

Median Household Income

The median household income ($148,716) for 07834 is less than the median household income for 07046 ($250,001), 07869 ($151,346), and Denville township ($149,752). But it's more than 07950 ($134,726), 07054 ($100,778), 07866 ($119,255), 07878 ($92,738), 07005 ($110,350), Morris County ($123,727), Parsippany-Troy Hills township ($103,217), and Rockaway township ($131,313).

07834$148,716
Denville township$149,752
Parsippany-Troy Hills township$103,217
Rockaway township$131,313
Morris County$123,727

Average Household Income

The average household income ($172,715) for 07834 is less than the average household income for 07046 ($315,791), 07869 ($188,399), and Denville township ($175,421). But it's more than 07950 ($160,697), 07054 ($130,383), 07866 ($149,182), 07878 ($104,546), 07005 ($145,485), Morris County ($164,869), Parsippany-Troy Hills township ($132,028), and Rockaway township ($158,169).

07834$172,715
Denville township$175,421
Parsippany-Troy Hills township$132,028
Rockaway township$158,169
Morris County$164,869

Per-Capita Income

The per-capita income for 07834 is $66,018. The per capita income ($66,018) for 07834 is less than the per capita income for 07046 ($99,761), 07869 ($66,584), and Denville township ($67,800). But it's more than 07950 ($62,123), 07054 ($51,188), 07866 ($55,407), 07878 ($49,829), 07005 ($55,676), Morris County ($61,915), Parsippany-Troy Hills township ($52,266), and Rockaway township ($56,495).

07834$66,018
Denville township$67,800
Parsippany-Troy Hills township$52,266
Rockaway township$56,495
Morris County$61,915

High Income Households

28.3% of households make over $200,000 a year. The percent high income households (28.3%) for 07834 is less than the percent high income households for 07046 (60.5%), 07869 (37.7%), and Denville township (28.9%). But it's more than 07950 (26.9%), 07054 (19.2%), 07866 (23.5%), 07878 (15.4%), 07005 (21.9%), Morris County (26.6%), Parsippany-Troy Hills township (18.8%), and Rockaway township (24.2%).

0783428.3%
Denville township28.9%
Parsippany-Troy Hills township18.8%
Rockaway township24.2%
Morris County26.6%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07834$-1$161,908$169,304$97,414
Denville township$-1$162,053$173,388$97,500
Parsippany-Troy Hills township$80,717$107,679$133,376$68,879
Rockaway township$-1$143,539$147,056$77,540
Morris County$79,229$132,434$151,176$80,935

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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 2021 5-year estimates. These values are in 2021 inflation-adjusted dollars and were downloaded on 8 Dec 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2021 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2021 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+
07834+/-$13,671+/-$10,930+/-$4,060+/-3.3%+/-$-1+/-$25,150+/-$17,393+/-$18,243
Denville township+/-$16,148+/-$11,516+/-$4,229+/-3.4%+/-$-1+/-$24,258+/-$13,404+/-$19,580
Parsippany-Troy Hills township+/-$4,479+/-$5,443+/-$2,171+/-2.1%+/-$25,194+/-$12,454+/-$11,480+/-$9,214
Rockaway township+/-$9,969+/-$10,357+/-$3,849+/-3.2%+/-$-1+/-$9,929+/-$23,582+/-$11,799
Morris County+/-$2,708+/-$2,745+/-$998+/-0.7%+/-$22,762+/-$4,191+/-$4,770+/-$2,745