07950 Income Statistics

Comparison to Surrounding Areas

07950 Median Household Income

The median household income ($153,762) for 07950 is less than the median household income for 07960 ($160,334), 07834 ($156,902), 07869 ($169,497), 07927 ($170,400), Denville township ($160,817), Hanover township ($156,956), Morris township ($204,951), and Morris Plains borough ($154,923). But it's more than 07054 ($104,214), 07878 ($116,445), Morris County ($137,326), and Parsippany-Troy Hills township ($112,327).

07950$153,762
Denville township$160,817
Hanover township$156,956
Morris township$204,951
Parsippany-Troy Hills township$112,327
Morris Plains borough$154,923
Morris County$137,326

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

07950 Average Household Income

The average household income ($186,145) for 07950 is less than the average household income for 07869 ($213,883), 07927 ($190,007), 07960 ($225,910), Morris County ($186,467), Morris Plains borough ($201,893), Hanover township ($188,444), and Morris township ($255,209). But it's more than 07054 ($140,505), 07834 ($180,682), 07878 ($122,696), Denville township ($183,889), and Parsippany-Troy Hills township ($146,673).

07950$186,145
Denville township$183,889
Hanover township$188,444
Morris township$255,209
Parsippany-Troy Hills township$146,673
Morris Plains borough$201,893
Morris County$186,467

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

07950 Per-Capita Income

The per-capita income for 07950 is $73,079. The per capita income ($73,079) for 07950 is less than the per capita income for 07869 ($74,672), 07960 ($90,631), Hanover township ($74,541), Morris township ($93,249), and Morris Plains borough ($83,212). But it's more than 07054 ($59,281), 07834 ($65,725), 07878 ($49,174), 07927 ($69,692), Morris County ($71,044), Denville township ($66,884), and Parsippany-Troy Hills township ($61,016).

07950$73,079
Denville township$66,884
Hanover township$74,541
Morris township$93,249
Parsippany-Troy Hills township$61,016
Morris Plains borough$83,212
Morris County$71,044

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

07950 High Income Households

36% of households make over $200,000 a year. The percent high income households (36.0%) for 07950 is less than the percent high income households for 07869 (42.8%), 07927 (39.3%), 07960 (39.7%), Morris township (51.3%), and Morris Plains borough (38.0%). But it's more than 07054 (22.9%), 07834 (34.9%), 07878 (14.8%), Morris County (32.3%), Parsippany-Troy Hills township (24.0%), Denville township (35.1%), and Hanover township (35.2%).

0795036.0%
Denville township35.1%
Hanover township35.2%
Morris township51.3%
Parsippany-Troy Hills township24.0%
Morris Plains borough38.0%
Morris County32.3%

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

07950 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07950$-1$154,243$189,048$87,852
Denville township$-1$189,048$177,054$105,923
Hanover township$-1$176,792$178,490$105,455
Morris township$-1$223,309$244,806$136,250
Parsippany-Troy Hills township$93,652$120,333$152,388$75,556
Morris Plains borough$-1$169,464$182,438$113,365
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.

07950 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 07950 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+
07950+/-$4,189+/-$11,095+/-$4,317+/-3.5%+/-$-1+/-$6,942+/-$8,943+/-$13,884
Denville township+/-$17,322+/-$12,910+/-$5,228+/-4.6%+/-$-1+/-$15,895+/-$30,790+/-$25,576
Hanover township+/-$11,111+/-$13,317+/-$5,996+/-4.8%+/-$-1+/-$29,083+/-$28,495+/-$16,352
Morris township+/-$15,341+/-$23,980+/-$7,716+/-4.2%+/-$-1+/-$24,058+/-$25,686+/-$27,514
Parsippany-Troy Hills township+/-$5,991+/-$5,510+/-$2,230+/-2.2%+/-$749+/-$8,935+/-$15,231+/-$6,659
Morris Plains borough+/-$17,133+/-$17,801+/-$7,017+/-5.7%+/-$-1+/-$38,150+/-$36,121+/-$4,682
Morris County+/-$2,991+/-$2,672+/-$1,025+/-0.7%+/-$10,068+/-$3,899+/-$5,453+/-$2,149