07042 Map

07042 Income Statistics

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Comparison to Surrounding Areas

07042 Median Household Income

The median household income ($127,083) for 07042 is less than the median household income for 07009 ($153,654), 07043 ($250,001), 07044 ($159,044), 07052 ($131,456), 07028 ($246,500), and Montclair township ($166,765). But it's more than 07017 ($61,552), 07050 ($53,109), and Essex County ($76,712).

07042$127,083
Montclair township$166,765
Essex County$76,712

07042 Average Household Income

The average household income ($204,389) for 07042 is less than the average household income for 07043 ($349,644), 07028 ($296,894), and Montclair township ($243,751). But it's more than 07009 ($179,569), 07017 ($77,682), 07044 ($200,840), 07050 ($74,170), 07052 ($172,996), and Essex County ($127,323).

07042$204,389
Montclair township$243,751
Essex County$127,323

07042 Per-Capita Income

The per-capita income for 07042 is $84,959. The per capita income ($84,959) for 07042 is less than the per capita income for 07043 ($109,688), 07028 ($96,244), and Montclair township ($94,035). But it's more than 07009 ($66,707), 07017 ($31,793), 07044 ($82,020), 07050 ($28,488), 07052 ($63,622), and Essex County ($48,021).

07042$84,959
Montclair township$94,035
Essex County$48,021

07042 High Income Households

33.5% of households make over $200,000 a year. The percent high income households (33.5%) for 07042 is less than the percent high income households for 07009 (34.1%), 07043 (64.9%), 07044 (38.1%), 07028 (61.2%), and Montclair township (41.7%). But it's more than 07017 (5.1%), 07050 (5.4%), 07052 (29.9%), and Essex County (17.6%).

0704233.5%
Montclair township41.7%
Essex County17.6%

07042 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07042$32,875$118,945$168,620$86,536
Montclair township$-1$136,122$201,875$126,467
Essex County$43,604$78,009$93,327$57,352

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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 07042 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+
07042+/-$10,771+/-$14,617+/-$6,525+/-3.3%+/-$27,375+/-$17,973+/-$11,808+/-$26,685
Montclair township+/-$12,765+/-$12,801+/-$4,995+/-2.8%+/-$-1+/-$17,006+/-$21,904+/-$19,543
Essex County+/-$1,583+/-$2,023+/-$762+/-0.5%+/-$4,181+/-$2,999+/-$3,338+/-$3,510