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07042 Map

07042 Income Statistics

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Comparison to Surrounding Areas

07042 Median Household Income

The median household income ($130,329) for 07042 is less than the median household income for 07028 ($239,192), 07043 ($231,214), 07044 ($153,236), 07009 ($152,813), and Montclair township ($158,765). But it's more than 07017 ($60,137), 07050 ($50,498), 07052 ($127,931), and Essex County ($73,785).

07042$130,329
Montclair township$158,765
Essex County$73,785

07042 Average Household Income

The average household income ($197,309) for 07042 is less than the average household income for 07028 ($313,104), 07043 ($304,084), and Montclair township ($227,380). But it's more than 07017 ($75,097), 07044 ($193,183), 07050 ($71,450), 07052 ($163,034), 07009 ($170,807), and Essex County ($122,134).

07042$197,309
Montclair township$227,380
Essex County$122,134

07042 Per-Capita Income

The per-capita income for 07042 is $81,771. The per capita income ($81,771) for 07042 is less than the per capita income for 07028 ($100,754), 07043 ($98,370), and Montclair township ($87,955). But it's more than 07017 ($30,216), 07044 ($80,102), 07050 ($27,648), 07052 ($60,079), 07009 ($62,963), and Essex County ($45,946).

07042$81,771
Montclair township$87,955
Essex County$45,946

07042 High Income Households

34.3% of households make over $200,000 a year. The percent high income households (34.3%) for 07042 is more than 07009 (33.2%), 07050 (5.2%), 07052 (27.3%), 07017 (4.5%), 07028 (60.0%), 07043 (56.0%), 07044 (35.6%), Essex County (16.2%), and Montclair township (40.3%).

0704234.3%
Montclair township40.3%
Essex County16.2%

07042 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07042$-1$118,974$162,429$102,813
Montclair township$-1$132,438$186,737$129,792
Essex County$38,469$74,043$88,945$56,992

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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. You can find this information and other demographics for 07042 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
under 25 25 to 44 45 to 64 65+
07042+/-$10,836+/-$13,452+/-$5,710+/-3.1%+/-$-1+/-$14,103+/-$17,341+/-$16,494
Montclair township+/-$11,562+/-$11,231+/-$4,421+/-2.7%+/-$-1+/-$19,773+/-$10,838+/-$18,588
Essex County+/-$1,477+/-$2,020+/-$713+/-0.5%+/-$7,443+/-$2,592+/-$2,900+/-$3,206