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07416 Map

07416 Income Statistics

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Comparison to Surrounding Areas

07416 Median Household Income

The median household income ($88,557) for 07416 is less than the median household income for 07460 ($105,787), 07419 ($112,555), 07848 ($107,500), 07439 ($107,569), 07871 ($159,924), Sussex County ($111,094), and Hardyston township ($115,579). But it's more than Franklin borough ($87,558).

07416$88,557
Hardyston township$115,579
Franklin borough$87,558
Sussex County$111,094

07416 Average Household Income

The average household income ($96,885) for 07416 is less than the average household income for 07460 ($128,655), 07419 ($116,634), 07848 ($139,507), 07439 ($122,226), 07871 ($197,425), Sussex County ($138,507), and Hardyston township ($125,737). But it's more than Franklin borough ($87,787).

07416$96,885
Hardyston township$125,737
Franklin borough$87,787
Sussex County$138,507

07416 Per-Capita Income

The per-capita income for 07416 is $44,397. The per capita income ($44,397) for 07416 is less than the per capita income for 07460 ($52,851), 07419 ($48,376), 07848 ($50,648), 07439 ($46,674), 07871 ($71,983), Sussex County ($54,124), and Hardyston township ($52,405). But it's more than Franklin borough ($40,764).

07416$44,397
Hardyston township$52,405
Franklin borough$40,764
Sussex County$54,124

07416 High Income Households

6.4% of households make over $200,000 a year. The percent high income households (6.4%) for 07416 is more than 07848 (23.7%), 07460 (22.5%), 07871 (38.3%), 07419 (16.0%), 07439 (13.2%), Sussex County (19.0%), Franklin borough (4.8%), and Hardyston township (19.1%).

074166.4%
Hardyston township19.1%
Franklin borough4.8%
Sussex County19.0%

07416 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07416$-1$97,250$99,673$70,208
Hardyston township$-1$125,526$160,341$67,727
Franklin borough$-1$91,350$93,380$68,029
Sussex County$58,354$119,508$132,941$79,514

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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 07416 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+
07416+/-$3,553+/-$8,571+/-$4,960+/-2.9%+/-$-1+/-$39,995+/-$13,681+/-$34,128
Hardyston township+/-$16,493+/-$11,300+/-$4,604+/-4.9%+/-$-1+/-$31,551+/-$32,375+/-$33,116
Franklin borough+/-$14,402+/-$8,149+/-$4,754+/-2.2%+/-$-1+/-$19,451+/-$11,828+/-$39,299
Sussex County+/-$2,734+/-$4,011+/-$1,552+/-1.0%+/-$5,767+/-$6,911+/-$5,269+/-$4,053