07931 Income Statistics

Comparison to Surrounding Areas

07931 Median Household Income

The median household income ($201,078) for 07931 is less than the median household income for 07945 ($250,001), 07924 ($236,042), 07930 ($240,954), 07934 ($245,429), Chester township ($241,856), Mendham township ($250,001), Bernardsville borough ($236,115), and Peapack and Gladstone borough ($202,578). But it's more than 08858 ($-1), 07830 ($180,852), 07920 ($192,857), 07921 ($123,104), 07977 ($150,875), 07979 ($-1), Somerset County ($140,374), Morris County ($137,326), Bedminster township ($123,709), Bernards township ($194,107), and Far Hills borough ($143,250).

07931$201,078
Peapack and Gladstone borough$202,578
Bernardsville borough$236,115
Far Hills borough$143,250
Chester township$241,856
Mendham township$250,001
Bedminster township$123,709
Bernards township$194,107
Somerset County$140,374
Morris County$137,326

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07931 Average Household Income

The average household income ($328,980) for 07931 is less than the average household income for 07924 ($330,463), 07934 ($346,457), Mendham township ($354,067), and Bernardsville borough ($336,861). But it's more than 08858 ($-1), 07830 ($209,926), 07920 ($285,711), 07921 ($157,386), 07930 ($276,899), 07945 ($321,621), 07977 ($172,831), 07979 ($-1), Somerset County ($191,543), Morris County ($186,467), Bedminster township ($171,272), Far Hills borough ($255,895), Peapack and Gladstone borough ($265,052), Bernards township ($289,240), and Chester township ($285,258).

07931$328,980
Peapack and Gladstone borough$265,052
Bernardsville borough$336,861
Far Hills borough$255,895
Chester township$285,258
Mendham township$354,067
Bedminster township$171,272
Bernards township$289,240
Somerset County$191,543
Morris County$186,467

Get Average Household Income for all Zip Codes in New Jersey.

07931 Per-Capita Income

The per-capita income for 07931 is $132,464. The per capita income ($132,464) for 07931 is less than the per capita income for 07934 ($139,507). But it's more than 08858 ($-1), 07830 ($79,062), 07920 ($109,007), 07921 ($79,546), 07924 ($112,114), 07930 ($92,050), 07945 ($117,181), 07977 ($59,668), 07979 ($74,919), Morris County ($71,044), Somerset County ($72,193), Chester township ($93,250), Mendham township ($122,016), Bedminster township ($85,065), Bernards township ($109,797), Bernardsville borough ($114,810), Far Hills borough ($115,732), and Peapack and Gladstone borough ($100,805).

07931$132,464
Peapack and Gladstone borough$100,805
Bernardsville borough$114,810
Far Hills borough$115,732
Chester township$93,250
Mendham township$122,016
Bedminster township$85,065
Bernards township$109,797
Somerset County$72,193
Morris County$71,044

Get Per-Capita Income for all Zip Codes in New Jersey.

07931 High Income Households

51% of households make over $200,000 a year. The percent high income households (51.0%) for 07931 is less than the percent high income households for 07924 (58.2%), 07930 (61.9%), 07934 (66.5%), 07945 (59.7%), Mendham township (65.2%), Bernardsville borough (58.7%), and Chester township (63.0%). But it's more than 08858 (0.0%), 07830 (38.8%), 07920 (48.0%), 07921 (27.0%), 07977 (26.7%), 07979 (23.4%), Morris County (32.3%), Somerset County (33.8%), Bedminster township (28.3%), Bernards township (48.3%), Far Hills borough (40.3%), and Peapack and Gladstone borough (50.1%).

0793151.0%
Peapack and Gladstone borough50.1%
Bernardsville borough58.7%
Far Hills borough40.3%
Chester township63.0%
Mendham township65.2%
Bedminster township28.3%
Bernards township48.3%
Somerset County33.8%
Morris County32.3%

Get High Income Households for all Zip Codes in New Jersey.

07931 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07931$-1$206,944$250,001$140,547
Peapack and Gladstone borough$-1$207,389$226,696$146,198
Bernardsville borough$-1$247,114$238,333$211,047
Far Hills borough$-1$144,500$209,375$73,571
Chester township$-1$250,001$250,001$157,750
Mendham township$-1$250,001$250,001$210,714
Bedminster township$-1$161,458$124,013$97,500
Bernards township$-1$233,750$250,001$97,188
Somerset County$72,361$148,561$175,782$92,278
Morris County$92,869$154,035$168,915$88,443

Get Median Household Income by Age of Householder for all Zip Codes in New Jersey.

07931 Map

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About the Data

Data Sources

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 07931 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

Margins of error for the 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+
07931+/-$43,924+/-$48,962+/-$22,065+/-8.0%+/-$-1+/-$6,796+/-$-1+/-$40,947
Peapack and Gladstone borough+/-$29,051+/-$44,957+/-$16,673+/-10.7%+/-$-1+/-$66,934+/-$59,928+/-$1,486
Bernardsville borough+/-$32,313+/-$46,788+/-$19,773+/-7.3%+/-$-1+/-$41,293+/-$61,473+/-$47,511
Far Hills borough+/-$38,289+/-$37,877+/-$18,824+/-7.1%+/-$-1+/-$101,795+/-$67,382+/-$29,365
Chester township+/-$20,424+/-$26,721+/-$10,749+/-6.4%+/-$-1+/-$-1+/-$-1+/-$37,764
Mendham township+/-$-1+/-$40,222+/-$14,945+/-9.6%+/-$-1+/-$-1+/-$-1+/-$87,856
Bedminster township+/-$11,614+/-$18,658+/-$7,896+/-5.5%+/-$-1+/-$17,528+/-$19,904+/-$26,870
Bernards township+/-$16,793+/-$23,661+/-$9,235+/-3.5%+/-$-1+/-$42,652+/-$-1+/-$30,763
Somerset County+/-$3,294+/-$3,211+/-$1,184+/-0.9%+/-$12,172+/-$4,338+/-$5,051+/-$4,601
Morris County+/-$2,991+/-$2,672+/-$1,025+/-0.7%+/-$10,068+/-$3,899+/-$5,453+/-$2,149