07834 Income Statistics

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Comparison to Surrounding Areas

07834 Median Household Income

The median household income ($155,356) for 07834 is less than the median household income for 07869 ($166,618), 07046 ($250,001), and Denville township ($156,406). But it's more than 07054 ($105,434), 07866 ($123,710), 07950 ($146,903), 07005 ($120,783), 07878 ($99,684), Morris County ($130,808), Parsippany-Troy Hills township ($109,308), and Rockaway township ($137,260).

07834	$155,356
Denville township	$156,406
Parsippany-Troy Hills township	$109,308
Rockaway township	$137,260
Morris County	$130,808

07834 Average Household Income

The average household income ($179,304) for 07834 is less than the average household income for 07869 ($202,226), 07950 ($179,762), 07046 ($327,082), and Denville township ($181,749). But it's more than 07878 ($105,901), 07866 ($158,754), 07005 ($156,041), 07054 ($140,049), Morris County ($178,045), Parsippany-Troy Hills township ($143,405), and Rockaway township ($169,457).

07834	$179,304
Denville township	$181,749
Parsippany-Troy Hills township	$143,405
Rockaway township	$169,457
Morris County	$178,045

07834 Per-Capita Income

The per-capita income for 07834 is $68,100. The per capita income ($68,100) for 07834 is less than the per capita income for 07869 ($71,490), 07950 ($69,383), 07046 ($104,161), and Denville township ($69,270). But it's more than 07878 ($46,573), 07866 ($60,494), 07005 ($59,223), 07054 ($55,917), Morris County ($67,555), Parsippany-Troy Hills township ($57,762), and Rockaway township ($61,823).

07834	$68,100
Denville township	$69,270
Parsippany-Troy Hills township	$57,762
Rockaway township	$61,823
Morris County	$67,555

07834 High Income Households

30.1% of households make over $200,000 a year. The percent high income households (30.1%) for 07834 is more than 07054 (21.8%), 07869 (41.5%), 07950 (33.3%), 07005 (25.2%), 07046 (63.3%), 07878 (2.9%), 07866 (26.1%), Morris County (29.8%), Denville township (30.6%), Parsippany-Troy Hills township (22.3%), and Rockaway township (27.6%).

07834	30.1%
Denville township	30.6%
Parsippany-Troy Hills township	22.3%
Rockaway township	27.6%
Morris County	29.8%

07834 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
07834	$-1	$177,165	$180,089	$97,564
Denville township	$-1	$176,817	$181,637	$98,178
Parsippany-Troy Hills township	$85,684	$114,857	$141,985	$77,581
Rockaway township	$-1	$153,393	$152,329	$79,244
Morris County	$85,508	$140,890	$163,973	$85,541

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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 07834 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
07834	+/-$14,057	+/-$13,170	+/-$4,879	+/-4.5%	+/-$-1	+/-$10,931	+/-$25,210	+/-$17,111
Denville township	+/-$16,802	+/-$13,389	+/-$5,052	+/-4.4%	+/-$-1	+/-$16,039	+/-$19,445	+/-$17,998
Parsippany-Troy Hills township	+/-$6,608	+/-$5,477	+/-$2,255	+/-1.8%	+/-$32,460	+/-$11,221	+/-$15,269	+/-$9,655
Rockaway township	+/-$7,207	+/-$10,932	+/-$4,008	+/-3.3%	+/-$-1	+/-$20,186	+/-$13,745	+/-$16,919
Morris County	+/-$2,727	+/-$3,246	+/-$1,164	+/-0.8%	+/-$25,035	+/-$2,984	+/-$5,748	+/-$3,633