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The median household income ($168,520) for 07940 is less than the median household income for 07928 ($236,000) and Chatham township ($223,380). But it's more than 07961 ($-1), 07960 ($149,462), 07932 ($147,009), 07935 ($104,519), Morris County ($134,929), Madison borough ($168,469), and Florham Park borough ($147,714).
| 07940 | $168,520 |
| Madison borough | $168,469 |
| Chatham township | $223,380 |
| Florham Park borough | $147,714 |
| Morris County | $134,929 |
The average household income ($248,182) for 07940 is less than the average household income for 07928 ($318,724) and Chatham township ($329,433). But it's more than 07961 ($-1), 07960 ($217,137), 07932 ($180,399), 07935 ($146,956), Morris County ($181,402), Madison borough ($247,235), and Florham Park borough ($182,857).
| 07940 | $248,182 |
| Madison borough | $247,235 |
| Chatham township | $329,433 |
| Florham Park borough | $182,857 |
| Morris County | $181,402 |
The per-capita income for 07940 is $80,878. The per capita income ($80,878) for 07940 is less than the per capita income for 07960 ($87,111), 07928 ($109,301), Madison borough ($85,897), and Chatham township ($119,664). But it's more than 07961 ($8,662), 07932 ($72,962), 07935 ($59,864), Morris County ($69,226), and Florham Park borough ($65,931).
| 07940 | $80,878 |
| Madison borough | $85,897 |
| Chatham township | $119,664 |
| Florham Park borough | $65,931 |
| Morris County | $69,226 |
41.7% of households make over $200,000 a year. The percent high income households (41.7%) for 07940 is less than the percent high income households for 07928 (56.3%) and Chatham township (53.0%). But it's more than 07961 (-1.0%), 07960 (36.6%), 07932 (30.7%), 07935 (29.5%), Morris County (31.2%), and Florham Park borough (31.1%). And it's the same as Madison borough (41.7%).
| 07940 | 41.7% |
| Madison borough | 41.7% |
| Chatham township | 53.0% |
| Florham Park borough | 31.1% |
| Morris County | 31.2% |
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 07940 | $-1 | $210,556 | $199,483 | $85,893 |
| Madison borough | $-1 | $210,556 | $199,332 | $85,446 |
| Chatham township | $-1 | $201,136 | $250,001 | $110,921 |
| Florham Park borough | $-1 | $141,944 | $199,044 | $103,229 |
| Morris County | $90,975 | $148,209 | $166,659 | $87,105 |
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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 2023 5-year estimates. You can find this information and other demographics for 07940 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.
| 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+ | |||||
| 07940 | +/-$19,893 | +/-$18,579 | +/-$6,496 | +/-3.6% | +/-$-1 | +/-$24,664 | +/-$21,471 | +/-$31,051 |
| Madison borough | +/-$19,923 | +/-$18,744 | +/-$6,864 | +/-3.6% | +/-$-1 | +/-$24,664 | +/-$21,317 | +/-$31,029 |
| Chatham township | +/-$39,521 | +/-$32,868 | +/-$13,431 | +/-5.7% | +/-$-1 | +/-$89,622 | +/-$-1 | +/-$16,335 |
| Florham Park borough | +/-$13,143 | +/-$16,853 | +/-$6,195 | +/-4.0% | +/-$-1 | +/-$43,608 | +/-$35,729 | +/-$26,068 |
| Morris County | +/-$2,240 | +/-$2,814 | +/-$1,093 | +/-0.8% | +/-$5,495 | +/-$3,188 | +/-$4,039 | +/-$3,790 |
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