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07931 Income Statistics

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Comparison to Surrounding Areas

07931 Median Household Income

The median household income ($155,703) for 07931 is less than the median household income for 07930 ($208,750), 07920 ($174,754), 07934 ($211,250), 07945 ($234,150), 07830 ($168,900), 07924 ($218,971), Peapack and Gladstone borough ($183,125), Chester township ($221,176), Bernards township ($174,072), Mendham township ($240,962), and Bernardsville borough ($220,060). But it's more than 08858 ($-1), 07977 ($-1), 07921 ($125,893), 07979 ($-1), Somerset County ($131,948), Morris County ($130,808), Far Hills borough ($145,139), and Bedminster township ($126,190).

07931$155,703
Mendham township$240,962
Far Hills borough$145,139
Bedminster township$126,190
Bernardsville borough$220,060
Peapack and Gladstone borough$183,125
Chester township$221,176
Bernards township$174,072
Morris County$130,808
Somerset County$131,948

07931 Average Household Income

The average household income ($324,203) for 07931 is less than the average household income for Mendham township ($371,996). But it's more than 07930 ($240,267), 07921 ($167,745), 07979 ($-1), 07920 ($258,759), 07934 ($268,462), 08858 ($-1), 07945 ($300,370), 07830 ($195,708), 07924 ($306,618), 07977 ($300,068), Morris County ($178,045), Somerset County ($180,078), Peapack and Gladstone borough ($277,038), Chester township ($260,295), Bernards township ($261,022), Far Hills borough ($252,921), Bedminster township ($173,550), and Bernardsville borough ($312,818).

07931$324,203
Mendham township$371,996
Far Hills borough$252,921
Bedminster township$173,550
Bernardsville borough$312,818
Peapack and Gladstone borough$277,038
Chester township$260,295
Bernards township$261,022
Morris County$178,045
Somerset County$180,078

07931 Per-Capita Income

The per-capita income for 07931 is $119,781. The per capita income ($119,781) for 07931 is less than the per capita income for Mendham township ($126,866). But it's more than 07930 ($82,856), 07921 ($83,805), 07979 ($64,199), 07920 ($96,239), 07934 ($108,822), 08858 ($-1), 07945 ($106,098), 07830 ($72,262), 07924 ($104,501), 07977 ($93,594), Morris County ($67,555), Somerset County ($67,554), Peapack and Gladstone borough ($103,719), Chester township ($87,076), Bernards township ($96,483), Far Hills borough ($102,127), Bedminster township ($85,355), and Bernardsville borough ($106,706).

07931$119,781
Mendham township$126,866
Far Hills borough$102,127
Bedminster township$85,355
Bernardsville borough$106,706
Peapack and Gladstone borough$103,719
Chester township$87,076
Bernards township$96,483
Morris County$67,555
Somerset County$67,554

07931 High Income Households

40.4% of households make over $200,000 a year. The percent high income households (40.4%) for 07931 is more than 07930 (50.6%), 07977 (45.5%), 07921 (28.9%), 07979 (23.2%), 07920 (45.5%), 07934 (52.6%), 08858 (-1.0%), 07945 (56.3%), 07830 (31.9%), 07924 (51.6%), Morris County (29.8%), Somerset County (30.9%), Peapack and Gladstone borough (47.4%), Chester township (53.1%), Bernards township (44.9%), Far Hills borough (37.9%), Bedminster township (29.9%), Mendham township (57.8%), and Bernardsville borough (51.9%).

0793140.4%
Mendham township57.8%
Far Hills borough37.9%
Bedminster township29.9%
Bernardsville borough51.9%
Peapack and Gladstone borough47.4%
Chester township53.1%
Bernards township44.9%
Morris County29.8%
Somerset County30.9%

07931 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07931$-1$94,269$191,765$141,563
Mendham township$-1$234,135$250,001$199,531
Far Hills borough$-1$173,125$151,250$105,417
Bedminster township$-1$143,438$153,404$85,000
Bernardsville borough$-1$232,656$184,417$155,893
Peapack and Gladstone borough$-1$241,544$211,607$135,250
Chester township$-1$250,001$250,001$142,885
Bernards township$-1$196,029$242,563$93,438
Morris County$85,508$140,890$163,973$85,541
Somerset County$52,882$132,460$167,637$86,289

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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 07931 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+
07931+/-$47,032+/-$66,209+/-$26,262+/-9.0%+/-$-1+/-$63,737+/-$81,636+/-$53,585
Mendham township+/-$21,849+/-$74,216+/-$20,135+/-10.0%+/-$-1+/-$32,986+/-$-1+/-$82,570
Far Hills borough+/-$23,729+/-$45,989+/-$16,420+/-7.9%+/-$-1+/-$82,976+/-$52,373+/-$82,782
Bedminster township+/-$22,861+/-$19,013+/-$9,792+/-6.2%+/-$-1+/-$15,900+/-$20,872+/-$19,714
Bernardsville borough+/-$61,701+/-$40,950+/-$16,417+/-6.8%+/-$-1+/-$28,762+/-$151,158+/-$84,098
Peapack and Gladstone borough+/-$71,102+/-$72,223+/-$23,766+/-10.1%+/-$-1+/-$33,364+/-$72,276+/-$47,070
Chester township+/-$45,130+/-$31,856+/-$11,967+/-8.9%+/-$-1+/-$-1+/-$-1+/-$68,728
Bernards township+/-$12,785+/-$25,985+/-$9,815+/-3.7%+/-$-1+/-$55,250+/-$21,358+/-$27,719
Morris County+/-$2,727+/-$3,246+/-$1,164+/-0.8%+/-$25,035+/-$2,984+/-$5,748+/-$3,633
Somerset County+/-$3,280+/-$3,710+/-$1,278+/-0.9%+/-$13,765+/-$5,722+/-$6,481+/-$4,688