07041 Income Statistics

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Comparison to Surrounding Areas

07041 Median Household Income

The median household income ($199,602) for 07041 is less than the median household income for 07078 ($250,001) and Millburn township ($250,001). But it's more than 07088 ($86,556), 07081 ($141,759), 07040 ($165,681), 07083 ($114,938), and Essex County ($73,785).

07041	$199,602
Millburn township	$250,001
Essex County	$73,785

07041 Average Household Income

The average household income ($258,289) for 07041 is less than the average household income for 07078 ($486,153) and Millburn township ($403,086). But it's more than 07088 ($100,594), 07081 ($159,671), 07040 ($221,030), 07083 ($137,099), and Essex County ($122,134).

07041	$258,289
Millburn township	$403,086
Essex County	$122,134

07041 Per-Capita Income

The per-capita income for 07041 is $91,060. The per capita income ($91,060) for 07041 is less than the per capita income for 07078 ($154,251) and Millburn township ($132,666). But it's more than 07088 ($38,993), 07081 ($63,061), 07040 ($74,936), 07083 ($48,565), and Essex County ($45,946).

07041	$91,060
Millburn township	$132,666
Essex County	$45,946

07041 High Income Households

49.9% of households make over $200,000 a year. The percent high income households (49.9%) for 07041 is more than 07078 (73.5%), 07040 (43.3%), 07083 (19.3%), 07088 (8.6%), 07081 (28.9%), Essex County (16.2%), and Millburn township (64.9%).

07041	49.9%
Millburn township	64.9%
Essex County	16.2%

07041 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
07041	$-1	$206,875	$250,001	$101,591
Millburn township	$-1	$250,001	$250,001	$190,078
Essex County	$38,469	$74,043	$88,945	$56,992

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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. You can find this information and other demographics for 07041 on the US Census Bureau’s website. 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
07041	+/-$24,440	+/-$23,632	+/-$7,943	+/-5.9%	+/-$-1	+/-$108,782	+/-$-1	+/-$74,498
Millburn township	+/-$-1	+/-$23,883	+/-$7,959	+/-3.5%	+/-$-1	+/-$-1	+/-$-1	+/-$20,728
Essex County	+/-$1,477	+/-$2,020	+/-$713	+/-0.5%	+/-$7,443	+/-$2,592	+/-$2,900	+/-$3,206