07950 Map

07950 Income Statistics

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Comparison to Surrounding Areas

07950 Median Household Income

The median household income ($148,469) for 07950 is less than the median household income for 07869 ($170,862), 07927 ($166,077), 07960 ($149,462), 07834 ($162,644), Morris township ($194,142), Denville township ($163,276), Hanover township ($159,681), and Morris Plains borough ($149,623). But it's more than 07878 ($113,875), 07054 ($107,955), Morris County ($134,929), and Parsippany-Troy Hills township ($112,923).

07950$148,469
Morris township$194,142
Parsippany-Troy Hills township$112,923
Denville township$163,276
Hanover township$159,681
Morris Plains borough$149,623
Morris County$134,929

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07950 Average Household Income

The average household income ($181,180) for 07950 is less than the average household income for 07927 ($185,487), 07960 ($217,137), 07834 ($184,356), 07869 ($211,569), Morris County ($181,402), Morris Plains borough ($183,461), Denville township ($186,450), Hanover township ($190,282), and Morris township ($242,329). But it's more than 07878 ($127,447), 07054 ($138,520), and Parsippany-Troy Hills township ($145,106).

07950$181,180
Morris township$242,329
Parsippany-Troy Hills township$145,106
Denville township$186,450
Hanover township$190,282
Morris Plains borough$183,461
Morris County$181,402

Get Average Household Income for all Zip Codes in New Jersey.

07950 Per-Capita Income

The per-capita income for 07950 is $71,205. The per capita income ($71,205) for 07950 is less than the per capita income for 07960 ($87,111), 07869 ($74,728), Morris township ($88,673), Hanover township ($75,032), and Morris Plains borough ($75,940). But it's more than 07878 ($58,648), 07927 ($68,105), 07054 ($56,514), 07834 ($68,832), Morris County ($69,226), Denville township ($70,355), and Parsippany-Troy Hills township ($59,526).

07950$71,205
Morris township$88,673
Parsippany-Troy Hills township$59,526
Denville township$70,355
Hanover township$75,032
Morris Plains borough$75,940
Morris County$69,226

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07950 High Income Households

34.1% of households make over $200,000 a year. The percent high income households (34.1%) for 07950 is less than the percent high income households for 07927 (40.4%), 07960 (36.6%), 07834 (35.1%), 07869 (42.5%), Denville township (35.5%), Hanover township (35.7%), and Morris township (48.8%). But it's more than 07878 (18.0%), 07054 (22.0%), Morris County (31.2%), Parsippany-Troy Hills township (23.1%), and Morris Plains borough (33.2%).

0795034.1%
Morris township48.8%
Parsippany-Troy Hills township23.1%
Denville township35.5%
Hanover township35.7%
Morris Plains borough33.2%
Morris County31.2%

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07950 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
07950$-1$148,920$182,886$96,897
Morris township$-1$209,828$237,250$135,756
Parsippany-Troy Hills township$90,985$120,223$135,785$75,868
Denville township$-1$183,505$189,340$104,591
Hanover township$-1$177,125$182,730$103,730
Morris Plains borough$-1$154,732$156,193$113,000
Morris County$90,975$148,209$166,659$87,105

Get Median Household Income by Age of Householder for all Zip Codes in New Jersey.

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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 07950 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+
07950+/-$3,635+/-$9,533+/-$4,286+/-3.3%+/-$-1+/-$8,581+/-$11,588+/-$13,426
Morris township+/-$14,430+/-$20,892+/-$7,366+/-3.6%+/-$-1+/-$17,570+/-$28,064+/-$23,849
Parsippany-Troy Hills township+/-$5,651+/-$6,018+/-$2,188+/-2.0%+/-$5,246+/-$8,972+/-$13,974+/-$6,067
Denville township+/-$16,626+/-$13,035+/-$4,905+/-5.1%+/-$-1+/-$20,097+/-$21,719+/-$12,069
Hanover township+/-$15,096+/-$12,722+/-$5,664+/-5.4%+/-$-1+/-$17,477+/-$22,258+/-$2,732
Morris Plains borough+/-$11,131+/-$11,742+/-$4,569+/-5.0%+/-$-1+/-$24,495+/-$37,678+/-$13,672
Morris County+/-$2,240+/-$2,814+/-$1,093+/-0.8%+/-$5,495+/-$3,188+/-$4,039+/-$3,790