07878 Income Statistics

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07878 Compared to Surrounding Areas

Median Household Income

The median household income ($92,738) for 07878 is less than 07834 ($148,716), 07950 ($134,726), Morris County ($123,727), and Parsippany-Troy Hills township ($103,217).

07878$92,738
Parsippany-Troy Hills township$103,217
Morris County$123,727

Average Household Income

The average household income ($104,546) for 07878 is less than 07834 ($172,715), 07950 ($160,697), Morris County ($164,869), and Parsippany-Troy Hills township ($132,028).

07878$104,546
Parsippany-Troy Hills township$132,028
Morris County$164,869

Per-Capita Income

The per-capita income for 07878 is $49,829. The per capita income ($49,829) for 07878 is less than 07834 ($66,018), 07950 ($62,123), Morris County ($61,915), and Parsippany-Troy Hills township ($52,266).

07878$49,829
Parsippany-Troy Hills township$52,266
Morris County$61,915

High Income Households

15.4% of households make over $200,000 a year. The percent high income households (15.4%) for 07878 is less than 07834 (28.3%), 07950 (26.9%), Morris County (26.6%), and Parsippany-Troy Hills township (18.8%).

0787815.4%
Parsippany-Troy Hills township18.8%
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
07878$-1$-1$71,442$93,036
Parsippany-Troy Hills township$80,717$107,679$133,376$68,879
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+
07878+/-$18,485+/-$25,198+/-$13,499+/-16.0%+/-$-1+/-$-1+/-$59,918+/-$34,588
Parsippany-Troy Hills township+/-$4,479+/-$5,443+/-$2,171+/-2.1%+/-$25,194+/-$12,454+/-$11,480+/-$9,214
Morris County+/-$2,708+/-$2,745+/-$998+/-0.7%+/-$22,762+/-$4,191+/-$4,770+/-$2,745