07950 Map

07950 Income Statistics

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07950 Compared to Surrounding Areas

Median Household Income

The median household income ($146,903) for 07950 is less than the median household income for Denville township ($156,406) and Morris township ($186,783). But it's more than Morris County ($130,808), Hanover township ($146,063), Parsippany-Troy Hills township ($109,308), and Morris Plains borough ($144,540).

07950$146,903
Denville township$156,406
Hanover township$146,063
Morris township$186,783
Parsippany-Troy Hills township$109,308
Morris Plains borough$144,540
Morris County$130,808

Average Household Income

The average household income ($179,762) for 07950 is less than the average household income for Denville township ($181,749) and Morris township ($247,415). But it's more than Morris County ($178,045), Hanover township ($175,058), Parsippany-Troy Hills township ($143,405), and Morris Plains borough ($170,400).

07950$179,762
Denville township$181,749
Hanover township$175,058
Morris township$247,415
Parsippany-Troy Hills township$143,405
Morris Plains borough$170,400
Morris County$178,045

Per-Capita Income

The per-capita income for 07950 is $69,383. The per capita income ($69,383) for 07950 is less than the per capita income for Hanover township ($71,338), Morris township ($91,497), and Morris Plains borough ($70,117). But it's more than Morris County ($67,555), Denville township ($69,270), and Parsippany-Troy Hills township ($57,762).

07950$69,383
Denville township$69,270
Hanover township$71,338
Morris township$91,497
Parsippany-Troy Hills township$57,762
Morris Plains borough$70,117
Morris County$67,555

High Income Households

33.3% of households make over $200,000 a year. The percent high income households (33.3%) for 07950 is more than Morris County (29.8%), Denville township (30.6%), Hanover township (31.9%), Morris township (46.4%), Parsippany-Troy Hills township (22.3%), and Morris Plains borough (29.1%).

0795033.3%
Denville township30.6%
Hanover township31.9%
Morris township46.4%
Parsippany-Troy Hills township22.3%
Morris Plains borough29.1%
Morris County29.8%

Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07950$-1$156,365$166,526$104,321
Denville township$-1$176,817$181,637$98,178
Hanover township$-1$174,704$163,382$98,430
Morris township$-1$199,490$227,778$130,117
Parsippany-Troy Hills township$85,684$114,857$141,985$77,581
Morris Plains borough$-1$155,023$154,118$108,417
Morris County$85,508$140,890$163,973$85,541

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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 2022 5-year estimates. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 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+
07950+/-$7,270+/-$9,326+/-$4,573+/-3.3%+/-$-1+/-$22,837+/-$21,854+/-$10,736
Denville township+/-$16,802+/-$13,389+/-$5,052+/-4.4%+/-$-1+/-$16,039+/-$19,445+/-$17,998
Hanover township+/-$12,634+/-$11,195+/-$4,697+/-5.2%+/-$-1+/-$20,130+/-$25,002+/-$8,100
Morris township+/-$12,950+/-$20,174+/-$7,489+/-3.6%+/-$-1+/-$15,611+/-$25,881+/-$15,976
Parsippany-Troy Hills township+/-$6,608+/-$5,477+/-$2,255+/-1.8%+/-$32,460+/-$11,221+/-$15,269+/-$9,655
Morris Plains borough+/-$7,127+/-$12,110+/-$5,735+/-5.0%+/-$-1+/-$22,375+/-$24,226+/-$25,344
Morris County+/-$2,727+/-$3,246+/-$1,164+/-0.8%+/-$25,035+/-$2,984+/-$5,748+/-$3,633