ZIP Code 07054
ZIP Code Tabulation Area in Morris County, New Jersey.
- Population
- 30,139
- Median household income
- $107,955
- Median home value
- $569,000
+3.4%’19–’23
+8.8%’19–’23
+23.2%’19–’23
Covering part of Morris County, New Jersey, ZIP Code 07054 has about 30,139 residents. Its median household income of $107,955 runs below the Morris County figure of $134,929.
Between 2019 and 2023, ZIP Code 07054's population grew 3.4% from 29,144 to 30,139, while its median gross rent rose 25.3% from $1,377 to $1,725.
Owners occupy 49.9% of the area's occupied homes. The median resident is 41.3 years old.
Demographics
ACS 2019–2023- Population
- 30,139
- Median age
- 41.3 yrs
- Median household income
- $107,955
- Median home value
- $569,000
- Median gross rent
- $1,725
- Housing units
- 12,497
- Homeownership rate
- 49.9%
- Bachelor's degree or higher
- 60.6%
- Unemployment rate
- 5.8%
Trends
ACS 5-year · 2019–202329,14430,139
$99,251$107,955
$461,700$569,000
$1,377$1,725
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 29,144 | $99,251 | $461,700 | $1,377 |
| 2020 | 28,943 | $98,178 | $469,700 | $1,404 |
| 2021 | 30,692 | $100,778 | $479,500 | $1,491 |
| 2022 | 30,392 | $105,434 | $558,400 | $1,646 |
| 2023 | 30,139 | $107,955 | $569,000 | $1,725 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 54.2%
5 to 1713.6%
18 to 248.1%
25 to 3414.0%
35 to 4415.3%
45 to 5411.8%
55 to 6414.8%
65 to 748.7%
75 and over9.4%
| Count | Share | |
|---|---|---|
| Under 5 | 1,268 | 4.2% |
| 5 to 17 | 4,105 | 13.6% |
| 18 to 24 | 2,446 | 8.1% |
| 25 to 34 | 4,230 | 14.0% |
| 35 to 44 | 4,602 | 15.3% |
| 45 to 54 | 3,565 | 11.8% |
| 55 to 64 | 4,463 | 14.8% |
| 65 to 74 | 2,629 | 8.7% |
| 75 and over | 2,831 | 9.4% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 13,262 | 44.0% |
| Black or African American | 997 | 3.3% |
| American Indian & Alaska Native | 4 | 0.0% |
| Asian | 12,715 | 42.2% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 139 | 0.5% |
| Two or more races | 595 | 2.0% |
| Hispanic or Latino (any race) | 2,427 | 8.1% |
Educational attainment (age 25+)
No high school diploma7.0%
High school graduate16.3%
Some college or associate's16.1%
Bachelor's degree36.2%
Graduate or professional degree24.5%
| Count | Share | |
|---|---|---|
| No high school diploma | 1,565 | 7.0% |
| High school graduate | 3,636 | 16.3% |
| Some college or associate's | 3,586 | 16.1% |
| Bachelor's degree | 8,072 | 36.2% |
| Graduate or professional degree | 5,461 | 24.5% |
Commute to work
- Mean travel time to work
- 27 min
Drove alone67.7%
Carpooled8.5%
Public transit3.4%
Walked1.5%
Bicycle0.4%
Worked from home17.3%
Other means1.1%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 11,160 | 67.7% |
| Carpooled | 1,399 | 8.5% |
| Public transit | 564 | 3.4% |
| Walked | 252 | 1.5% |
| Bicycle | 65 | 0.4% |
| Worked from home | 2,855 | 17.3% |
| Other means | 181 | 1.1% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 3,491 | 25.6% |
| 15 to 29 min | 4,712 | 34.6% |
| 30 to 44 min | 3,194 | 23.4% |
| 45 to 59 min | 1,016 | 7.5% |
| 60+ min | 1,208 | 8.9% |
Households
- Average household size
- 2.46
- Poverty rate
- 5.6% (1,668 of 29,883)
| Count | Share | |
|---|---|---|
| Family households | 7,871 | 64.9% |
| Nonfamily households | 4,263 | 35.1% |
Housing
- Median year structure built
- 1969
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 12,134 | 97.1% |
| Vacant | 363 | 2.9% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 6,050 | 49.9% |
| Renter-occupied | 6,084 | 50.1% |
1-unit, detached47.8%
1-unit, attached5.4%
2 to 4 units9.2%
5 to 19 units12.8%
20 or more units24.7%
Mobile home & other0.1%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 5,969 | 47.8% |
| 1-unit, attached | 674 | 5.4% |
| 2 to 4 units | 1,152 | 9.2% |
| 5 to 19 units | 1,605 | 12.8% |
| 20 or more units | 3,086 | 24.7% |
| Mobile home & other | 11 | 0.1% |
Geography
- ZCTA
- 07054
- Land area
- 14 sq mi
- Water area
- 0.38 sq mi
- Center point
- 40.8538, -74.4016
Counties this ZIP covers
1Compare 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)