07945 Income Statistics

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Comparison to Surrounding Areas

07945 Median Household Income

The median household income ($234,150) for 07945 is less than the median household income for Mendham township ($240,962). But it's more than 07931 ($155,703), 07869 ($166,618), 07924 ($218,971), 07930 ($208,750), 07970 ($-1), 07960 ($146,024), Morris County ($130,808), Mendham borough ($212,550), and Randolph township ($171,577).

07945	$234,150
Mendham borough	$212,550
Randolph township	$171,577
Mendham township	$240,962
Morris County	$130,808

07945 Average Household Income

The average household income ($300,370) for 07945 is less than the average household income for 07970 ($364,363), 07924 ($306,618), 07931 ($324,203), and Mendham township ($371,996). But it's more than 07960 ($214,951), 07869 ($202,226), 07930 ($240,267), Morris County ($178,045), Mendham borough ($284,153), and Randolph township ($208,580).

07945	$300,370
Mendham borough	$284,153
Randolph township	$208,580
Mendham township	$371,996
Morris County	$178,045

07945 Per-Capita Income

The per-capita income for 07945 is $106,098. The per capita income ($106,098) for 07945 is less than the per capita income for 07931 ($119,781) and Mendham township ($126,866). But it's more than 07930 ($82,856), 07960 ($86,498), 07869 ($71,490), 07924 ($104,501), 07970 ($100,942), Morris County ($67,555), Mendham borough ($100,692), and Randolph township ($73,203).

07945	$106,098
Mendham borough	$100,692
Randolph township	$73,203
Mendham township	$126,866
Morris County	$67,555

07945 High Income Households

56.3% of households make over $200,000 a year. The percent high income households (56.3%) for 07945 is more than 07931 (40.4%), 07960 (35.5%), 07869 (41.5%), 07924 (51.6%), 07930 (50.6%), 07970 (47.9%), Morris County (29.8%), Mendham borough (51.6%), Randolph township (43.4%), and Mendham township (57.8%).

07945	56.3%
Mendham borough	51.6%
Randolph township	43.4%
Mendham township	57.8%
Morris County	29.8%

07945 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
07945	$-1	$227,581	$250,001	$170,417
Mendham borough	$-1	$186,731	$250,001	$134,125
Randolph township	$-1	$151,444	$220,977	$127,778
Mendham township	$-1	$234,135	$250,001	$199,531
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 07945 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+
07945	+/-$20,880	+/-$23,532	+/-$8,054	+/-6.2%	+/-$-1	+/-$31,908	+/-$-1	+/-$41,563
Mendham borough	+/-$36,738	+/-$31,998	+/-$10,973	+/-7.0%	+/-$-1	+/-$64,396	+/-$-1	+/-$28,805
Randolph township	+/-$8,992	+/-$10,912	+/-$3,734	+/-2.6%	+/-$-1	+/-$20,341	+/-$22,161	+/-$20,747
Mendham township	+/-$21,849	+/-$74,216	+/-$20,135	+/-10.0%	+/-$-1	+/-$32,986	+/-$-1	+/-$82,570
Morris County	+/-$2,727	+/-$3,246	+/-$1,164	+/-0.8%	+/-$25,035	+/-$2,984	+/-$5,748	+/-$3,633