Comparison to Surrounding Areas
The median household income ($153,762) for 07950 is less than the median household income for 07960 ($160,334), 07834 ($156,902), 07869 ($169,497), 07927 ($170,400), Denville township ($160,817), Hanover township ($156,956), Morris township ($204,951), and Morris Plains borough ($154,923). But it's more than 07054 ($104,214), 07878 ($116,445), Morris County ($137,326), and Parsippany-Troy Hills township ($112,327).
| 07950 | $153,762 |
| Denville township | $160,817 |
| Hanover township | $156,956 |
| Morris township | $204,951 |
| Parsippany-Troy Hills township | $112,327 |
| Morris Plains borough | $154,923 |
| Morris County | $137,326 |
Get Median Household Income for all Zip Codes in New Jersey.
The average household income ($186,145) for 07950 is less than the average household income for 07869 ($213,883), 07927 ($190,007), 07960 ($225,910), Morris County ($186,467), Morris Plains borough ($201,893), Hanover township ($188,444), and Morris township ($255,209). But it's more than 07054 ($140,505), 07834 ($180,682), 07878 ($122,696), Denville township ($183,889), and Parsippany-Troy Hills township ($146,673).
| 07950 | $186,145 |
| Denville township | $183,889 |
| Hanover township | $188,444 |
| Morris township | $255,209 |
| Parsippany-Troy Hills township | $146,673 |
| Morris Plains borough | $201,893 |
| Morris County | $186,467 |
Get Average Household Income for all Zip Codes in New Jersey.
The per-capita income for 07950 is $73,079. The per capita income ($73,079) for 07950 is less than the per capita income for 07869 ($74,672), 07960 ($90,631), Hanover township ($74,541), Morris township ($93,249), and Morris Plains borough ($83,212). But it's more than 07054 ($59,281), 07834 ($65,725), 07878 ($49,174), 07927 ($69,692), Morris County ($71,044), Denville township ($66,884), and Parsippany-Troy Hills township ($61,016).
| 07950 | $73,079 |
| Denville township | $66,884 |
| Hanover township | $74,541 |
| Morris township | $93,249 |
| Parsippany-Troy Hills township | $61,016 |
| Morris Plains borough | $83,212 |
| Morris County | $71,044 |
Get Per-Capita Income for all Zip Codes in New Jersey.
36% of households make over $200,000 a year. The percent high income households (36.0%) for 07950 is less than the percent high income households for 07869 (42.8%), 07927 (39.3%), 07960 (39.7%), Morris township (51.3%), and Morris Plains borough (38.0%). But it's more than 07054 (22.9%), 07834 (34.9%), 07878 (14.8%), Morris County (32.3%), Parsippany-Troy Hills township (24.0%), Denville township (35.1%), and Hanover township (35.2%).
| 07950 | 36.0% |
| Denville township | 35.1% |
| Hanover township | 35.2% |
| Morris township | 51.3% |
| Parsippany-Troy Hills township | 24.0% |
| Morris Plains borough | 38.0% |
| Morris County | 32.3% |
Get High Income Households for all Zip Codes in New Jersey.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 07950 | $-1 | $154,243 | $189,048 | $87,852 |
| Denville township | $-1 | $189,048 | $177,054 | $105,923 |
| Hanover township | $-1 | $176,792 | $178,490 | $105,455 |
| Morris township | $-1 | $223,309 | $244,806 | $136,250 |
| Parsippany-Troy Hills township | $93,652 | $120,333 | $152,388 | $75,556 |
| Morris Plains borough | $-1 | $169,464 | $182,438 | $113,365 |
| Morris County | $92,869 | $154,035 | $168,915 | $88,443 |
Get Median Household Income by Age of Householder for all Zip Codes in New Jersey.
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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 2024 5-year estimates. You can find this information and other demographics for 07950 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the 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 | +/-$4,189 | +/-$11,095 | +/-$4,317 | +/-3.5% | +/-$-1 | +/-$6,942 | +/-$8,943 | +/-$13,884 |
| Denville township | +/-$17,322 | +/-$12,910 | +/-$5,228 | +/-4.6% | +/-$-1 | +/-$15,895 | +/-$30,790 | +/-$25,576 |
| Hanover township | +/-$11,111 | +/-$13,317 | +/-$5,996 | +/-4.8% | +/-$-1 | +/-$29,083 | +/-$28,495 | +/-$16,352 |
| Morris township | +/-$15,341 | +/-$23,980 | +/-$7,716 | +/-4.2% | +/-$-1 | +/-$24,058 | +/-$25,686 | +/-$27,514 |
| Parsippany-Troy Hills township | +/-$5,991 | +/-$5,510 | +/-$2,230 | +/-2.2% | +/-$749 | +/-$8,935 | +/-$15,231 | +/-$6,659 |
| Morris Plains borough | +/-$17,133 | +/-$17,801 | +/-$7,017 | +/-5.7% | +/-$-1 | +/-$38,150 | +/-$36,121 | +/-$4,682 |
| Morris County | +/-$2,991 | +/-$2,672 | +/-$1,025 | +/-0.7% | +/-$10,068 | +/-$3,899 | +/-$5,453 | +/-$2,149 |