07950 Compared to Surrounding Areas
Median Household Income
The median household income ($134,726) for 07950 is less than the median household income for 07834 ($148,716), 07869 ($151,346), 07960 ($147,949), Denville township ($149,752), and Morris township ($180,373). But it's more than 07054 ($100,778), 07878 ($92,738), 07927 ($134,054), Morris County ($123,727), Morris Plains borough ($131,731), Hanover township ($132,563), and Parsippany-Troy Hills township ($103,217).
| 07950 | $134,726 |
| Denville township | $149,752 |
| Hanover township | $132,563 |
| Morris township | $180,373 |
| Parsippany-Troy Hills township | $103,217 |
| Morris Plains borough | $131,731 |
| Morris County | $123,727 |
Average Household Income
The average household income ($160,697) for 07950 is less than the average household income for 07834 ($172,715), 07869 ($188,399), 07960 ($201,698), Morris County ($164,869), Denville township ($175,421), and Morris township ($229,443). But it's more than 07054 ($130,383), 07878 ($104,546), 07927 ($159,083), Hanover township ($157,407), Parsippany-Troy Hills township ($132,028), and Morris Plains borough ($155,169).
| 07950 | $160,697 |
| Denville township | $175,421 |
| Hanover township | $157,407 |
| Morris township | $229,443 |
| Parsippany-Troy Hills township | $132,028 |
| Morris Plains borough | $155,169 |
| Morris County | $164,869 |
Per-Capita Income
The per-capita income for 07950 is $62,123. The per capita income ($62,123) for 07950 is less than the per capita income for 07960 ($80,366), 07834 ($66,018), 07869 ($66,584), 07927 ($66,976), Denville township ($67,800), Hanover township ($65,394), Morris township ($84,093), and Morris Plains borough ($64,051). But it's more than 07054 ($51,188), 07878 ($49,829), Morris County ($61,915), and Parsippany-Troy Hills township ($52,266).
| 07950 | $62,123 |
| Denville township | $67,800 |
| Hanover township | $65,394 |
| Morris township | $84,093 |
| Parsippany-Troy Hills township | $52,266 |
| Morris Plains borough | $64,051 |
| Morris County | $61,915 |
High Income Households
26.9% of households make over $200,000 a year. The percent high income households (26.9%) for 07950 is less than the percent high income households for 07834 (28.3%), 07869 (37.7%), 07960 (34.8%), Denville township (28.9%), and Morris township (45.0%). But it's more than 07054 (19.2%), 07878 (15.4%), 07927 (24.9%), Morris County (26.6%), Morris Plains borough (24.2%), Hanover township (26.4%), and Parsippany-Troy Hills township (18.8%).
| 07950 | 26.9% |
| Denville township | 28.9% |
| Hanover township | 26.4% |
| Morris township | 45.0% |
| Parsippany-Troy Hills township | 18.8% |
| Morris Plains borough | 24.2% |
| Morris County | 26.6% |
Median Household Income by Age of Householder
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 07950 | $-1 | $151,339 | $153,832 | $95,486 |
| Denville township | $-1 | $162,053 | $173,388 | $97,500 |
| Hanover township | $-1 | $167,200 | $146,694 | $90,808 |
| Morris township | $133,750 | $184,721 | $216,442 | $118,750 |
| Parsippany-Troy Hills township | $80,717 | $107,679 | $133,376 | $68,879 |
| Morris Plains borough | $-1 | $138,250 | $137,813 | $101,905 |
| Morris County | $79,229 | $132,434 | $151,176 | $80,935 |
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