07931 Income Statistics

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07931 Compared to Surrounding Areas

Median Household Income

The median household income ($137,472) for 07931 is less than the median household income for 07934 ($157,750), 07945 ($191,071), 07930 ($164,186), 07920 ($151,954), 07924 ($161,989), Mendham ($197,950), Bernards ($151,973), Bernardsville ($161,655), and Chester ($184,500). But it's more than 07977 ($88,421), 07921 ($114,924), 07979 ($134,236), Morris County ($117,298), Somerset County ($116,510), Bedminster ($119,542), Far Hills ($124,219), and Peapack and Gladstone ($122,321).

07931$137,472
Peapack and Gladstone$122,321
Bernardsville$161,655
Far Hills$124,219
Chester$184,500
Mendham$197,950
Bedminster$119,542
Bernards$151,973
Somerset County$116,510
Morris County$117,298

Average Household Income

The average household income ($283,465) for 07931 is less than the average household income for Mendham ($324,915). But it's more than 07977 ($144,723), 07921 ($151,661), 07945 ($265,627), 07930 ($206,563), 07979 ($139,268), 07920 ($219,603), 07924 ($246,828), 07934 ($225,765), Somerset County ($157,405), Morris County ($156,161), Bedminster ($154,024), Bernardsville ($246,106), Chester ($222,442), Far Hills ($216,676), Peapack and Gladstone ($221,366), and Bernards ($223,494).

07931$283,465
Peapack and Gladstone$221,366
Bernardsville$246,106
Far Hills$216,676
Chester$222,442
Mendham$324,915
Bedminster$154,024
Bernards$223,494
Somerset County$157,405
Morris County$156,161

Per-Capita Income

The per-capita income for 07931 is $89,669. The per capita income ($89,669) for 07931 is less than the per capita income for 07945 ($95,465) and Mendham ($112,072). But it's more than 07930 ($72,918), 07921 ($79,327), 07934 ($81,354), 07924 ($82,925), 07920 ($80,176), 07979 ($54,122), 07977 ($58,628), Morris County ($58,981), Somerset County ($58,021), Chester ($75,941), Far Hills ($84,580), Peapack and Gladstone ($72,374), Bernardsville ($82,679), Bedminster ($79,252), and Bernards ($80,720).

07931$89,669
Peapack and Gladstone$72,374
Bernardsville$82,679
Far Hills$84,580
Chester$75,941
Mendham$112,072
Bedminster$79,252
Bernards$80,720
Somerset County$58,021
Morris County$58,981

High Income Households

% of households make over $200,000 a year. The percent high income households (35.8%) for 07931 is less than the percent high income households for 07934 (39.4%), 07945 (48.2%), 07930 (41.1%), 07920 (41.1%), 07924 (40.9%), Mendham (49.0%), Bernards (41.1%), Bernardsville (40.6%), and Chester (45.6%). But it's more than 07977 (23.3%), 07921 (22.2%), 07979 (11.1%), Morris County (24.2%), Somerset County (25.3%), Bedminster (22.6%), Far Hills (29.7%), and Peapack and Gladstone (33.8%).

0793135.8%
Peapack and Gladstone33.8%
Bernardsville40.6%
Far Hills29.7%
Chester45.6%
Mendham49.0%
Bedminster22.6%
Bernards41.1%
Somerset County25.3%
Morris County24.2%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07931 $-1 $-1 $201,875 $124,688
Peapack and Gladstone $-1 $-1 $143,250 $120,438
Bernardsville $-1 $192,574 $217,552 $115,703
Far Hills $-1 $92,083 $129,375 $123,281
Chester $-1 $250,001 $211,164 $109,611
Mendham $-1 $171,290 $243,047 $146,648
Bedminster $-1 $131,651 $155,042 $83,550
Bernards $-1 $166,607 $206,475 $86,250
Somerset County $26,989 $117,120 $150,595 $71,907
Morris County $66,485 $125,612 $143,962 $75,529

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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 2020 5-year estimates. These values are in 2020 inflation-adjusted dollars and were downloaded on 17 March 2022.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2020 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2020 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+
07931 +/-$31,369 +/-$62,527 +/-$20,078 +/-8.3% +/-$-1 +/-$-1 +/-$67,734 +/-$24,399
Peapack and Gladstone +/-$31,464 +/-$47,073 +/-$14,543 +/-8.1% +/-$-1 +/-$-1 +/-$95,974 +/-$36,114
Bernardsville +/-$27,694 +/-$31,822 +/-$12,696 +/-7.3% +/-$-1 +/-$64,213 +/-$134,421 +/-$47,008
Far Hills +/-$29,335 +/-$39,942 +/-$14,581 +/-6.6% +/-$-1 +/-$72,263 +/-$28,145 +/-$48,825
Chester +/-$41,920 +/-$29,598 +/-$12,720 +/-9.7% +/-$-1 +/-$-1 +/-$45,503 +/-$28,031
Mendham +/-$51,045 +/-$53,826 +/-$18,094 +/-8.7% +/-$-1 +/-$24,346 +/-$65,607 +/-$68,698
Bedminster +/-$19,346 +/-$14,399 +/-$7,463 +/-3.9% +/-$-1 +/-$24,888 +/-$32,532 +/-$23,554
Bernards +/-$8,985 +/-$23,849 +/-$8,570 +/-4.1% +/-$-1 +/-$21,848 +/-$18,110 +/-$20,633
Somerset County +/-$2,194 +/-$3,385 +/-$1,152 +/-0.9% +/-$10,175 +/-$4,257 +/-$5,183 +/-$4,351
Morris County +/-$2,241 +/-$2,146 +/-$828 +/-0.6% +/-$18,030 +/-$3,030 +/-$2,777 +/-$2,844