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07054 Map

07054 Income Statistics

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Comparison to Surrounding Areas

07054 Median Household Income

The median household income ($105,434) for 07054 is less than the median household income for 07046 ($250,001), 07058 ($152,422), 07005 ($120,783), 07981 ($144,573), 07927 ($138,304), 07834 ($155,356), 07936 ($143,365), 07950 ($146,903), Morris County ($130,808), and Parsippany-Troy Hills township ($109,308). But it's more than 07034 ($95,673).

07054$105,434
Parsippany-Troy Hills township$109,308
Morris County$130,808

07054 Average Household Income

The average household income ($140,049) for 07054 is less than the average household income for 07046 ($327,082), 07058 ($164,550), 07005 ($156,041), 07981 ($169,457), 07927 ($162,359), 07834 ($179,304), 07936 ($179,641), 07950 ($179,762), Morris County ($178,045), and Parsippany-Troy Hills township ($143,405). But it's more than 07034 ($119,375).

07054$140,049
Parsippany-Troy Hills township$143,405
Morris County$178,045

07054 Per-Capita Income

The per-capita income for 07054 is $55,917. The per capita income ($55,917) for 07054 is less than the per capita income for 07046 ($104,161), 07058 ($60,102), 07005 ($59,223), 07981 ($71,670), 07927 ($66,345), 07834 ($68,100), 07936 ($64,500), 07950 ($69,383), Morris County ($67,555), and Parsippany-Troy Hills township ($57,762). But it's more than 07034 ($50,524).

07054$55,917
Parsippany-Troy Hills township$57,762
Morris County$67,555

07054 High Income Households

21.8% of households make over $200,000 a year. The percent high income households (21.8%) for 07054 is more than 07046 (63.3%), 07058 (27.1%), 07005 (25.2%), 07034 (13.8%), 07981 (27.8%), 07927 (32.9%), 07834 (30.1%), 07936 (33.3%), 07950 (33.3%), Morris County (29.8%), and Parsippany-Troy Hills township (22.3%).

0705421.8%
Parsippany-Troy Hills township22.3%
Morris County29.8%

07054 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07054$86,000$115,807$130,881$67,140
Parsippany-Troy Hills township$85,684$114,857$141,985$77,581
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. You can find this information and other demographics for 07054 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+
07054+/-$6,613+/-$7,749+/-$2,755+/-2.5%+/-$15,956+/-$11,274+/-$12,954+/-$9,399
Parsippany-Troy Hills township+/-$6,608+/-$5,477+/-$2,255+/-1.8%+/-$32,460+/-$11,221+/-$15,269+/-$9,655
Morris County+/-$2,727+/-$3,246+/-$1,164+/-0.8%+/-$25,035+/-$2,984+/-$5,748+/-$3,633