07416 Map

07416 Income Statistics

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Comparison to Surrounding Areas

07416 Median Household Income

The median household income ($90,869) for 07416 is less than the median household income for 07439 ($104,946), 07848 ($116,042), 07871 ($167,443), 07419 ($109,325), 07460 ($118,229), Sussex County ($114,316), and Hardyston township ($119,103). But it's more than Franklin borough ($90,152).

07416$90,869
Hardyston township$119,103
Franklin borough$90,152
Sussex County$114,316

07416 Average Household Income

The average household income ($99,018) for 07416 is less than the average household income for 07439 ($123,644), 07848 ($150,941), 07871 ($204,029), 07419 ($131,635), 07460 ($130,484), Sussex County ($143,320), and Hardyston township ($139,896). But it's more than Franklin borough ($91,075).

07416$99,018
Hardyston township$139,896
Franklin borough$91,075
Sussex County$143,320

07416 Per-Capita Income

The per-capita income for 07416 is $45,150. The per capita income ($45,150) for 07416 is less than the per capita income for 07439 ($48,506), 07848 ($54,892), 07871 ($75,916), 07419 ($57,329), 07460 ($51,837), Sussex County ($56,471), and Hardyston township ($59,920). But it's more than Franklin borough ($42,217).

07416$45,150
Hardyston township$59,920
Franklin borough$42,217
Sussex County$56,471

07416 High Income Households

7.3% of households make over $200,000 a year. The percent high income households (7.3%) for 07416 is less than the percent high income households for 07439 (14.0%), 07848 (26.1%), 07871 (39.9%), 07419 (16.3%), 07460 (18.5%), Sussex County (20.6%), and Hardyston township (17.2%). But it's more than Franklin borough (5.4%).

074167.3%
Hardyston township17.2%
Franklin borough5.4%
Sussex County20.6%

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$117,813$103,750$70,242
Hardyston township$-1$131,316$152,311$65,541
Franklin borough$-1$101,734$96,875$60,921
Sussex County$60,906$126,400$136,300$82,037

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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 07416 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+
07416+/-$3,993+/-$8,767+/-$4,476+/-3.2%+/-$-1+/-$36,675+/-$14,939+/-$36,678
Hardyston township+/-$19,424+/-$22,068+/-$10,329+/-4.9%+/-$-1+/-$36,216+/-$20,223+/-$19,537
Franklin borough+/-$12,831+/-$9,364+/-$5,226+/-2.4%+/-$-1+/-$24,872+/-$12,601+/-$44,837
Sussex County+/-$2,893+/-$4,485+/-$1,723+/-1.1%+/-$8,365+/-$5,898+/-$5,819+/-$4,711