ZIP 07023 vs ZIP 07031
A side-by-side comparison of ZIP Code 07023 and ZIP Code 07031: population, income, housing, and more.
ZIP 07023 and ZIP 07031 are ZIP Code areas in New Jersey. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 07031 has the higher population (16,368 vs 7,714 in ZIP 07023). ZIP 07023 has the higher median household income ($176,667 vs $101,493 in ZIP 07031). ZIP 07023 has the higher median home value ($610,600 vs $464,700 in ZIP 07031).
Population, income & housing
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| Population | 7,714 | 16,368 |
| Median age | 42.4 yrs | 39.6 yrs |
| Median household income | $176,667 | $101,493 |
| Median home value | $610,600 | $464,700 |
| Median gross rent | $2,368 | $1,706 |
| Housing units | 2,783 | 6,986 |
| Homeownership rate | 86.5% | 46.4% |
| Bachelor's degree or higher | 71.2% | 38.6% |
| Unemployment rate | 2.8% | 6.4% |
Trends (ACS 5-year, 2019–2023)
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| Population | 7,660 → 7,714 (+0.7%) | 15,677 → 16,368 (+4.4%) |
| Median household income | $147,905 → $176,667 (+19.4%) | $84,527 → $101,493 (+20.1%) |
| Median home value | $467,800 → $610,600 (+30.5%) | $363,400 → $464,700 (+27.9%) |
| Median gross rent | $2,710 → $2,368 (-12.6%) | $1,375 → $1,706 (+24.1%) |
ZIP 07023
7,6607,714
$147,905$176,667
$467,800$610,600
$2,710$2,368
ZIP 07031
15,67716,368
$84,527$101,493
$363,400$464,700
$1,375$1,706
Age & race/ethnicity
Age distribution (share)
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| Under 5 | 4.6% | 6.0% |
| 5 to 17 | 19.1% | 12.2% |
| 18 to 24 | 7.0% | 7.1% |
| 25 to 34 | 8.2% | 17.7% |
| 35 to 44 | 14.7% | 15.4% |
| 45 to 54 | 11.2% | 13.5% |
| 55 to 64 | 18.6% | 12.6% |
| 65 to 74 | 9.0% | 9.7% |
| 75 and over | 7.6% | 5.9% |
Race & ethnicity (share)
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| White (non-Hispanic) | 69.8% | 53.7% |
| Black or African American | 3.7% | 1.4% |
| American Indian & Alaska Native | 0.0% | 0.0% |
| Asian | 8.3% | 8.8% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.2% |
| Some other race | 0.5% | 0.2% |
| Two or more races | 6.4% | 4.0% |
| Hispanic or Latino | 11.4% | 31.6% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| No high school diploma | 2.5% | 8.9% |
| High school graduate | 11.7% | 31.2% |
| Some college or associate's | 14.6% | 21.3% |
| Bachelor's degree | 44.5% | 23.9% |
| Graduate or professional degree | 26.7% | 14.7% |
Commute to work
How workers get to work (share)
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| Drove alone | 58.5% | 65.1% |
| Carpooled | 3.8% | 6.9% |
| Public transit | 11.7% | 13.0% |
| Walked | 0.6% | 0.4% |
| Bicycle | 0.0% | 0.0% |
| Worked from home | 24.7% | 10.7% |
| Other means | 0.8% | 3.9% |
Housing
Units in structure (share)
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| 1-unit, detached | 84.8% | 37.8% |
| 1-unit, attached | 4.5% | 3.6% |
| 2 to 4 units | 3.4% | 39.1% |
| 5 to 19 units | 1.1% | 14.4% |
| 20 or more units | 5.5% | 5.1% |
| Mobile home & other | 0.8% | 0.0% |
Poverty & households
| ZIP 07023 | ZIP 07031 | |
|---|---|---|
| Poverty rate | 1.4% | 3.7% |
| Average household size | 2.76 | 2.46 |
| Mean commute (minutes) | 43 | 32 |
| Median year structure built | 1954 | 1954 |