07405 Map

07405 Income Statistics

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Comparison to Surrounding Areas

07405 Median Household Income

The median household income ($127,500) for 07405 is less than the median household income for 07082 ($194,464), 07435 ($143,191), Morris County ($134,929), and Kinnelon borough ($178,102). But it's more than 07403 ($126,825), 07444 ($113,661), 07457 ($96,667), 07480 ($114,056), 07866 ($123,828), 07005 ($126,411), 07035 ($117,929), and Butler borough ($110,375).

07405$127,500
Butler borough$110,375
Kinnelon borough$178,102
Morris County$134,929

07405 Average Household Income

The average household income ($174,788) for 07405 is less than the average household income for 07082 ($242,702), Morris County ($181,402), and Kinnelon borough ($232,704). But it's more than 07403 ($158,680), 07435 ($167,193), 07444 ($150,062), 07457 ($112,976), 07480 ($137,407), 07866 ($160,573), 07005 ($165,659), 07035 ($146,139), and Butler borough ($118,967).

07405$174,788
Butler borough$118,967
Kinnelon borough$232,704
Morris County$181,402

07405 Per-Capita Income

The per-capita income for 07405 is $67,574. The per capita income ($67,574) for 07405 is less than the per capita income for 07082 ($91,031), 07435 ($71,509), Morris County ($69,226), and Kinnelon borough ($79,136). But it's more than 07403 ($60,357), 07444 ($66,163), 07457 ($55,102), 07480 ($55,562), 07866 ($62,446), 07005 ($63,569), 07035 ($57,052), and Butler borough ($52,386).

07405$67,574
Butler borough$52,386
Kinnelon borough$79,136
Morris County$69,226

07405 High Income Households

29.1% of households make over $200,000 a year. The percent high income households (29.1%) for 07405 is less than the percent high income households for 07082 (47.5%), Morris County (31.2%), and Kinnelon borough (43.0%). But it's more than 07403 (25.8%), 07435 (22.5%), 07444 (27.5%), 07457 (15.1%), 07480 (22.8%), 07866 (25.6%), 07005 (28.6%), 07035 (18.9%), and Butler borough (15.4%).

0740529.1%
Butler borough15.4%
Kinnelon borough43.0%
Morris County31.2%

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$149,430$159,239$83,636
Butler borough$-1$122,202$118,156$53,145
Kinnelon borough$-1$207,273$202,958$124,193
Morris County$90,975$148,209$166,659$87,105

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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 07405 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+
07405+/-$17,200+/-$14,722+/-$5,800+/-3.6%+/-$-1+/-$28,068+/-$40,382+/-$11,821
Butler borough+/-$11,896+/-$7,272+/-$3,581+/-3.5%+/-$-1+/-$39,626+/-$9,349+/-$16,238
Kinnelon borough+/-$25,368+/-$29,701+/-$10,046+/-6.7%+/-$-1+/-$34,729+/-$53,156+/-$10,662
Morris County+/-$2,240+/-$2,814+/-$1,093+/-0.8%+/-$5,495+/-$3,188+/-$4,039+/-$3,790