ZIP Code 07040
ZIP Code Tabulation Area in Essex County, New Jersey.
- Population
- 25,406
- Median household income
- $167,428
- Median home value
- $684,600
+2.9%’19–’23
+20.6%’19–’23
+29.3%’19–’23
ZIP Code 07040 (Essex County, New Jersey) is home to about 25,406 residents. At $167,428, its median household income sits above Essex County's $76,712.
From 2019 to 2023, ZIP Code 07040's population grew 2.9% from 24,696 to 25,406, while its median gross rent rose 30.1% from $1,679 to $2,184.
3.6% of residents live below the poverty line. Households average 2.93 people.
Demographics
ACS 2019–2023- Population
- 25,406
- Median age
- 38.7 yrs
- Median household income
- $167,428
- Median home value
- $684,600
- Median gross rent
- $2,184
- Housing units
- 8,981
- Homeownership rate
- 76.9%
- Bachelor's degree or higher
- 69.4%
- Unemployment rate
- 7.1%
Trends
ACS 5-year · 2019–202324,69625,406
$138,870$167,428
$529,400$684,600
$1,679$2,184
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 24,696 | $138,870 | $529,400 | $1,679 |
| 2020 | 25,029 | $149,182 | $544,000 | $1,838 |
| 2021 | 25,420 | $156,477 | $566,300 | $1,884 |
| 2022 | 25,384 | $165,681 | $638,000 | $1,990 |
| 2023 | 25,406 | $167,428 | $684,600 | $2,184 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 57.1%
5 to 1721.0%
18 to 246.6%
25 to 3411.1%
35 to 4413.7%
45 to 5414.9%
55 to 6413.7%
65 to 746.1%
75 and over5.9%
| Count | Share | |
|---|---|---|
| Under 5 | 1,794 | 7.1% |
| 5 to 17 | 5,323 | 21.0% |
| 18 to 24 | 1,665 | 6.6% |
| 25 to 34 | 2,818 | 11.1% |
| 35 to 44 | 3,480 | 13.7% |
| 45 to 54 | 3,777 | 14.9% |
| 55 to 64 | 3,491 | 13.7% |
| 65 to 74 | 1,554 | 6.1% |
| 75 and over | 1,504 | 5.9% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 13,433 | 52.9% |
| Black or African American | 7,741 | 30.5% |
| American Indian & Alaska Native | 144 | 0.6% |
| Asian | 843 | 3.3% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 252 | 1.0% |
| Two or more races | 787 | 3.1% |
| Hispanic or Latino (any race) | 2,206 | 8.7% |
Educational attainment (age 25+)
No high school diploma4.2%
High school graduate8.4%
Some college or associate's18.0%
Bachelor's degree37.5%
Graduate or professional degree31.9%
| Count | Share | |
|---|---|---|
| No high school diploma | 695 | 4.2% |
| High school graduate | 1,398 | 8.4% |
| Some college or associate's | 2,988 | 18.0% |
| Bachelor's degree | 6,233 | 37.5% |
| Graduate or professional degree | 5,310 | 31.9% |
Commute to work
- Mean travel time to work
- 39 min
Drove alone47.6%
Carpooled1.2%
Public transit20.5%
Walked0.5%
Bicycle0.2%
Worked from home26.6%
Other means3.4%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 6,179 | 47.6% |
| Carpooled | 160 | 1.2% |
| Public transit | 2,664 | 20.5% |
| Walked | 65 | 0.5% |
| Bicycle | 23 | 0.2% |
| Worked from home | 3,462 | 26.6% |
| Other means | 438 | 3.4% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 1,185 | 12.4% |
| 15 to 29 min | 2,947 | 30.9% |
| 30 to 44 min | 1,971 | 20.7% |
| 45 to 59 min | 724 | 7.6% |
| 60+ min | 2,702 | 28.4% |
Households
- Average household size
- 2.93
- Poverty rate
- 3.6% (903 of 25,238)
| Count | Share | |
|---|---|---|
| Family households | 6,460 | 74.6% |
| Nonfamily households | 2,199 | 25.4% |
Housing
- Median year structure built
- 1938
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 8,659 | 96.4% |
| Vacant | 322 | 3.6% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 6,658 | 76.9% |
| Renter-occupied | 2,001 | 23.1% |
1-unit, detached60.1%
1-unit, attached3.2%
2 to 4 units20.6%
5 to 19 units5.2%
20 or more units10.8%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 5,401 | 60.1% |
| 1-unit, attached | 288 | 3.2% |
| 2 to 4 units | 1,854 | 20.6% |
| 5 to 19 units | 466 | 5.2% |
| 20 or more units | 972 | 10.8% |
| Mobile home & other | 0 | 0.0% |
Geography
- ZCTA
- 07040
- Land area
- 3.87 sq mi
- Water area
- 0 sq mi
- Center point
- 40.7336, -74.2712
Counties this ZIP covers
2Compare with nearby ZIP codes
6National ZIP rankings
21- Largest by population
- Most densely populated
- Highest median household income
- Highest median home value
- Most affordable home values
- Highest median gross rent
- Cheapest median gross rent
- Oldest by median age
- Youngest by median age
- Most college-educated
- Highest poverty rate
- Lowest poverty rate
- Highest homeownership rate
- Lowest homeownership rate
- Longest commutes
- Shortest commutes
- Largest households
- Newest housing
- Oldest housing
- Fastest-growing (2019–2023)
- Fastest-shrinking (2019–2023)