07005 Map

07005 Income Statistics

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Comparison to Surrounding Areas

07005 Median Household Income

The median household income ($126,411) for 07005 is less than the median household income for 07082 ($194,464), 07046 ($250,001), 07045 ($179,279), 07834 ($162,644), 07405 ($127,500), Morris County ($134,929), Boonton township ($186,964), Montville township ($170,472), Denville township ($163,276), and Rockaway township ($139,383). But it's more than 07034 ($101,500), 07054 ($107,955), 07866 ($123,828), Boonton town ($100,417), and Parsippany-Troy Hills township ($112,923).

07005$126,411
Denville township$163,276
Montville township$170,472
Parsippany-Troy Hills township$112,923
Boonton town$100,417
Boonton township$186,964
Rockaway township$139,383
Morris County$134,929

07005 Average Household Income

The average household income ($165,659) for 07005 is less than the average household income for 07082 ($242,702), 07046 ($327,881), 07045 ($221,340), 07834 ($184,356), 07405 ($174,788), Morris County ($181,402), Boonton township ($242,540), Montville township ($212,609), Denville township ($186,450), and Rockaway township ($172,010). But it's more than 07034 ($128,234), 07054 ($138,520), 07866 ($160,573), Boonton town ($121,402), and Parsippany-Troy Hills township ($145,106).

07005$165,659
Denville township$186,450
Montville township$212,609
Parsippany-Troy Hills township$145,106
Boonton town$121,402
Boonton township$242,540
Rockaway township$172,010
Morris County$181,402

07005 Per-Capita Income

The per-capita income for 07005 is $63,569. The per capita income ($63,569) for 07005 is less than the per capita income for 07082 ($91,031), 07046 ($102,826), 07045 ($79,003), 07834 ($68,832), 07405 ($67,574), Morris County ($69,226), Boonton township ($77,590), Montville township ($77,854), Denville township ($70,355), and Rockaway township ($63,657). But it's more than 07034 ($54,688), 07054 ($56,514), 07866 ($62,446), Boonton town ($49,829), and Parsippany-Troy Hills township ($59,526).

07005$63,569
Denville township$70,355
Montville township$77,854
Parsippany-Troy Hills township$59,526
Boonton town$49,829
Boonton township$77,590
Rockaway township$63,657
Morris County$69,226

07005 High Income Households

28.6% of households make over $200,000 a year. The percent high income households (28.6%) for 07005 is less than the percent high income households for 07082 (47.5%), 07046 (62.8%), 07045 (47.5%), 07834 (35.1%), 07405 (29.1%), Morris County (31.2%), Montville township (41.9%), Denville township (35.5%), and Boonton township (49.8%). But it's more than 07034 (15.6%), 07054 (22.0%), 07866 (25.6%), Boonton town (16.1%), Parsippany-Troy Hills township (23.1%), and Rockaway township (27.9%).

0700528.6%
Denville township35.5%
Montville township41.9%
Parsippany-Troy Hills township23.1%
Boonton town16.1%
Boonton township49.8%
Rockaway township27.9%
Morris County31.2%

07005 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07005$-1$178,455$136,691$77,417
Denville township$-1$183,505$189,340$104,591
Montville township$-1$180,746$213,750$108,657
Parsippany-Troy Hills township$90,985$120,223$135,785$75,868
Boonton town$33,125$135,750$102,100$58,750
Boonton township$-1$250,001$217,692$109,583
Rockaway township$-1$159,871$155,783$84,706
Morris County$90,975$148,209$166,659$87,105

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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 2023 5-year estimates. You can find this information and other demographics for 07005 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 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+
07005+/-$8,407+/-$10,262+/-$3,892+/-4.0%+/-$-1+/-$23,136+/-$18,311+/-$14,041
Denville township+/-$16,626+/-$13,035+/-$4,905+/-5.1%+/-$-1+/-$20,097+/-$21,719+/-$12,069
Montville township+/-$16,827+/-$14,880+/-$5,362+/-4.3%+/-$-1+/-$15,381+/-$26,332+/-$26,199
Parsippany-Troy Hills township+/-$5,651+/-$6,018+/-$2,188+/-2.0%+/-$5,246+/-$8,972+/-$13,974+/-$6,067
Boonton town+/-$20,715+/-$12,959+/-$4,578+/-4.0%+/-$30,545+/-$39,732+/-$21,049+/-$27,296
Boonton township+/-$59,850+/-$27,299+/-$8,612+/-8.8%+/-$-1+/-$-1+/-$72,556+/-$40,434
Rockaway township+/-$5,289+/-$9,990+/-$3,727+/-2.7%+/-$-1+/-$14,974+/-$2,671+/-$13,423
Morris County+/-$2,240+/-$2,814+/-$1,093+/-0.8%+/-$5,495+/-$3,188+/-$4,039+/-$3,790