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07920 Income Statistics

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07920 Compared to Surrounding Areas

Median Household Income

The median household income ($160,180) for 07920 is less than the median household income for 07059 ($180,708), 07924 ($200,438), 07946 ($198,000), 08836 ($187,625), and Bernards township ($160,286). But it's more than 08807 ($138,549), 07933 ($147,813), 07939 ($-1), 07960 ($147,949), 07976 ($63,125), 07921 ($118,382), 07931 ($143,140), Somerset County ($121,695), Morris County ($123,727), Harding township ($157,750), and Bridgewater township ($142,707).

07920$160,180
Harding township$157,750
Bernards township$160,286
Bridgewater township$142,707
Morris County$123,727
Somerset County$121,695

Average Household Income

The average household income ($239,805) for 07920 is less than the average household income for 07059 ($275,385), 07924 ($289,415), 07931 ($299,155), 08836 ($289,856), Harding township ($283,024), and Bernards township ($243,403). But it's more than 08807 ($158,357), 07946 ($232,947), 07960 ($201,698), 07976 ($140,395), 07921 ($156,788), 07933 ($187,559), 07939 ($-1), Somerset County ($166,503), Morris County ($164,869), and Bridgewater township ($168,911).

07920$239,805
Harding township$283,024
Bernards township$243,403
Bridgewater township$168,911
Morris County$164,869
Somerset County$166,503

Per-Capita Income

The per-capita income for 07920 is $87,539. The per capita income ($87,539) for 07920 is less than the per capita income for 07059 ($94,148), 07924 ($100,412), 07931 ($103,756), 08836 ($91,905), Harding township ($108,471), and Bernards township ($88,144). But it's more than 08807 ($57,306), 07946 ($79,383), 07960 ($80,366), 07976 ($61,314), 07921 ($79,687), 07933 ($69,962), 07939 ($13,822), Somerset County ($61,805), Morris County ($61,915), and Bridgewater township ($60,181).

07920$87,539
Harding township$108,471
Bernards township$88,144
Bridgewater township$60,181
Morris County$61,915
Somerset County$61,805

High Income Households

43.2% of households make over $200,000 a year. The percent high income households (43.2%) for 07920 is less than the percent high income households for 07059 (46.9%), 07924 (50.3%), 07946 (48.5%), 08836 (47.6%), and Harding township (45.5%). But it's more than 08807 (29.9%), 07933 (39.0%), 07939 (0.0%), 07960 (34.8%), 07976 (13.2%), 07921 (26.5%), 07931 (35.8%), Somerset County (27.3%), Morris County (26.6%), Bernards township (42.9%), and Bridgewater township (31.1%).

0792043.2%
Harding township45.5%
Bernards township42.9%
Bridgewater township31.1%
Morris County26.6%
Somerset County27.3%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07920$-1$184,417$215,250$92,344
Harding township$-1$-1$158,125$158,000
Bernards township$-1$180,530$215,741$93,641
Bridgewater township$2,499$158,411$176,301$74,667
Morris County$79,229$132,434$151,176$80,935
Somerset County$41,658$121,772$153,910$78,753

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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+
07920+/-$8,697+/-$21,158+/-$8,602+/-3.3%+/-$-1+/-$49,920+/-$12,294+/-$21,386
Harding township+/-$43,346+/-$52,560+/-$21,615+/-7.8%+/-$-1+/-$-1+/-$51,023+/-$81,141
Bernards township+/-$8,981+/-$22,190+/-$8,946+/-3.2%+/-$-1+/-$35,766+/-$10,237+/-$20,088
Bridgewater township+/-$6,778+/-$6,237+/-$2,474+/-2.2%+/-$-1+/-$14,403+/-$12,347+/-$11,800
Morris County+/-$2,708+/-$2,745+/-$998+/-0.7%+/-$22,762+/-$4,191+/-$4,770+/-$2,745
Somerset County+/-$3,494+/-$3,344+/-$1,248+/-0.9%+/-$14,429+/-$5,454+/-$5,795+/-$4,459