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07405 Map

07405 Income Statistics

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Comparison to Surrounding Areas

07405 Median Household Income

The median household income ($125,896) for 07405 is less than the median household income for 07435 ($136,600), 07082 ($153,977), Morris County ($130,808), and Kinnelon borough ($170,905). But it's more than 07035 ($112,579), 07403 ($125,865), 07457 ($103,214), 07444 ($111,503), 07866 ($123,710), 07480 ($111,786), 07005 ($120,783), and Butler borough ($108,378).

07405$125,896
Butler borough$108,378
Kinnelon borough$170,905
Morris County$130,808

07405 Average Household Income

The average household income ($168,570) for 07405 is less than the average household income for 07435 ($184,504), 07082 ($218,945), Morris County ($178,045), and Kinnelon borough ($220,367). But it's more than 07035 ($128,602), 07403 ($153,373), 07457 ($120,912), 07444 ($147,313), 07866 ($158,754), 07480 ($133,677), 07005 ($156,041), and Butler borough ($118,543).

07405$168,570
Butler borough$118,543
Kinnelon borough$220,367
Morris County$178,045

07405 Per-Capita Income

The per-capita income for 07405 is $65,034. The per capita income ($65,034) for 07405 is less than the per capita income for 07435 ($74,350), 07082 ($79,712), Morris County ($67,555), and Kinnelon borough ($75,346). But it's more than 07035 ($50,480), 07403 ($57,902), 07457 ($57,148), 07444 ($64,465), 07866 ($60,494), 07480 ($53,271), 07005 ($59,223), and Butler borough ($52,221).

07405$65,034
Butler borough$52,221
Kinnelon borough$75,346
Morris County$67,555

07405 High Income Households

27.3% of households make over $200,000 a year. The percent high income households (27.3%) for 07405 is more than 07035 (13.4%), 07082 (44.9%), 07480 (19.7%), 07005 (25.2%), 07403 (26.3%), 07435 (23.2%), 07457 (17.3%), 07444 (25.9%), 07866 (26.1%), Morris County (29.8%), Butler borough (14.8%), and Kinnelon borough (40.3%).

0740527.3%
Butler borough14.8%
Kinnelon borough40.3%
Morris County29.8%

07405 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07405$-1$141,827$157,292$79,917
Butler borough$-1$124,593$119,395$59,663
Kinnelon borough$-1$196,607$199,176$109,744
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 07405 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+
07405+/-$13,798+/-$13,689+/-$4,852+/-3.3%+/-$-1+/-$23,228+/-$29,133+/-$7,912
Butler borough+/-$8,873+/-$7,755+/-$3,519+/-3.4%+/-$-1+/-$20,431+/-$19,097+/-$16,570
Kinnelon borough+/-$26,239+/-$25,876+/-$8,100+/-5.8%+/-$-1+/-$36,604+/-$48,903+/-$15,474
Morris County+/-$2,727+/-$3,246+/-$1,164+/-0.8%+/-$25,035+/-$2,984+/-$5,748+/-$3,633