ZIP 07040 vs ZIP 07047
A side-by-side comparison of ZIP Code 07040 and ZIP Code 07047: population, income, housing, and more.
ZIP 07040 and ZIP 07047 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 07047 has the higher population (61,202 vs 25,406 in ZIP 07040). ZIP 07040 has the higher median household income ($167,428 vs $75,505 in ZIP 07047). ZIP 07040 has the higher median home value ($684,600 vs $466,800 in ZIP 07047).
Population, income & housing
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| Population | 25,406 | 61,202 |
| Median age | 38.7 yrs | 40.8 yrs |
| Median household income | $167,428 | $75,505 |
| Median home value | $684,600 | $466,800 |
| Median gross rent | $2,184 | $1,702 |
| Housing units | 8,981 | 25,024 |
| Homeownership rate | 76.9% | 41.3% |
| Bachelor's degree or higher | 69.4% | 32.0% |
| Unemployment rate | 7.1% | 5.7% |
Trends (ACS 5-year, 2019–2023)
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| Population | 24,696 → 25,406 (+2.9%) | 61,619 → 61,202 (-0.7%) |
| Median household income | $138,870 → $167,428 (+20.6%) | $63,908 → $75,505 (+18.1%) |
| Median home value | $529,400 → $684,600 (+29.3%) | $350,600 → $466,800 (+33.1%) |
| Median gross rent | $1,679 → $2,184 (+30.1%) | $1,437 → $1,702 (+18.4%) |
ZIP 07040
24,69625,406
$138,870$167,428
$529,400$684,600
$1,679$2,184
ZIP 07047
61,61961,202
$63,908$75,505
$350,600$466,800
$1,437$1,702
Age & race/ethnicity
Age distribution (share)
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| Under 5 | 7.1% | 6.3% |
| 5 to 17 | 21.0% | 15.4% |
| 18 to 24 | 6.6% | 6.7% |
| 25 to 34 | 11.1% | 13.7% |
| 35 to 44 | 13.7% | 14.9% |
| 45 to 54 | 14.9% | 12.8% |
| 55 to 64 | 13.7% | 12.9% |
| 65 to 74 | 6.1% | 9.8% |
| 75 and over | 5.9% | 7.4% |
Race & ethnicity (share)
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| White (non-Hispanic) | 52.9% | 19.9% |
| Black or African American | 30.5% | 2.6% |
| American Indian & Alaska Native | 0.6% | 0.0% |
| Asian | 3.3% | 6.7% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.0% |
| Some other race | 1.0% | 0.7% |
| Two or more races | 3.1% | 1.6% |
| Hispanic or Latino | 8.7% | 68.6% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| No high school diploma | 4.2% | 17.3% |
| High school graduate | 8.4% | 26.0% |
| Some college or associate's | 18.0% | 24.7% |
| Bachelor's degree | 37.5% | 18.6% |
| Graduate or professional degree | 31.9% | 13.4% |
Commute to work
How workers get to work (share)
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| Drove alone | 47.6% | 49.4% |
| Carpooled | 1.2% | 9.0% |
| Public transit | 20.5% | 24.2% |
| Walked | 0.5% | 6.0% |
| Bicycle | 0.2% | 0.3% |
| Worked from home | 26.6% | 9.2% |
| Other means | 3.4% | 1.9% |
Housing
Units in structure (share)
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| 1-unit, detached | 60.1% | 16.9% |
| 1-unit, attached | 3.2% | 5.9% |
| 2 to 4 units | 20.6% | 33.1% |
| 5 to 19 units | 5.2% | 12.1% |
| 20 or more units | 10.8% | 32.0% |
| Mobile home & other | 0.0% | 0.1% |
Poverty & households
| ZIP 07040 | ZIP 07047 | |
|---|---|---|
| Poverty rate | 3.6% | 12.9% |
| Average household size | 2.93 | 2.55 |
| Mean commute (minutes) | 39 | 33 |
| Median year structure built | 1938 | 1961 |