Population 25,557 · Census ACS 2020–24
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Population and households in ZIP 07040
Household size in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.90 | 2.79 | 2.77 | 2.68 |
| 2010–14 | 3.00 | 2.85 | 2.82 | 2.73 |
| 2015–19 | 3.10 | 2.82 | 2.78 | 2.71 |
| 2020–24 | 3.08 | 2.79 | 2.76 | 2.65 |
| Change | +0.18 | −0.00 | −0.01 | −0.03 |
Households in ZIP 07040 are large by national standards, averaging 3.08 people against 2.65 for the U.S. That usually means more families with children at home. Since 2006–10, household size has climbed from 2.90, even as the national average fell. Only 38 of the 425 New Jersey ZIP codes with 5,000+ people have larger households.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 38.9 | 38.0 | 39.1 | 37.7 |
| 2010–14 | 39.7 | 38.7 | 40.0 | 38.6 |
| 2015–19 | 39.2 | 39.8 | 41.0 | 39.6 |
| 2020–24 | 39.5 | 40.4 | 40.9 | 40.1 |
| Change | +0.6 | +2.4 | +1.8 | +2.3 |
Half of the people in ZIP 07040 are younger than 39.5 and half are older, close to the national median of 40.1. Since 2006–10, the median age has crept up from 38.9, a smaller shift than nationally. The youngest areas are in the south, the oldest in the northwest.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.0% | 13.1% | 11.6% | 12.3% |
| 2010–14 | 11.2% | 12.8% | 11.8% | 12.3% |
| 2015–19 | 12.6% | 11.4% | 10.8% | 11.6% |
| 2020–24 | 13.0% | 11.6% | 11.3% | 11.6% |
| Change | +4.0 pts | −1.5 pts | −0.4 pts | −0.6 pts |
Single-parent households are a bit more common in ZIP 07040 than nationally: 13.0%, against 11.6%. The single-parent share has risen 4.0 points since 2006–10, even as the national share fell.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 07040
Renters in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 19.4% | 47.1% | 33.1% | 33.3% |
| 2010–14 | 22.3% | 48.7% | 35.0% | 35.6% |
| 2015–19 | 22.6% | 48.8% | 36.1% | 36.0% |
| 2020–24 | 25.1% | 48.6% | 36.2% | 34.8% |
| Change | +5.7 pts | +1.5 pts | +3.1 pts | +1.5 pts |
About a quarter of households in ZIP 07040 rent their homes (25.1%), below the national share of 34.8%; the rest own. Among homeowners, 24.3% have no mortgage at all, well below the national share of 39.8%. Renting is most common in the southeast and least common in the center. The renter share has risen 5.7 points since 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.9% | 9.1% | 9.1% | 11.4% |
| 2010–14 | 10.3% | 9.0% | 9.3% | 11.4% |
| 2015–19 | 6.2% | 9.1% | 9.3% | 11.1% |
| 2020–24 | 6.1% | 7.9% | 6.6% | 9.6% |
| Change | −0.8 pts | −1.2 pts | −2.5 pts | −1.8 pts |
Vacancy is on the low side in ZIP 07040: 6.1% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. Vacancy has edged down 0.8 points since 2006–10, in line with the national trend.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 1943 | 1957 | 1965 | 1974 |
| 2010–14 | 1941 | 1958 | 1966 | 1975 |
| 2015–19 | 1943 | 1959 | 1967 | 1977 |
| 2020–24 | 1946 | 1962 | 1969 | 1980 |
| Change | +3 | +5 | +5 | +6 |
The housing in ZIP 07040 is old by national standards: the median home dates to 1946, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates. The median year built has moved up from 1943 in 2006–10, a sign of steady new building. Newer construction is concentrated in the southeast, while the west has the oldest housing. Of the 425 New Jersey ZIP codes with 5,000+ people, only 13 have older homes.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,558 | $1,268 | $1,246 | $965 |
| 2010–14 | $1,547 | $1,377 | $1,324 | $1,040 |
| 2015–19 | $2,138 | $1,645 | $1,522 | $1,213 |
| 2020–24 | $2,471 | $2,060 | $1,896 | $1,571 |
| Change | +$913 | +$792 | +$651 | +$606 |
Rent in ZIP 07040 runs $2,471 a month at the median, utilities included, well above the U.S. median of $1,571. Rent has climbed $913 a month since 2006–10, up 59%, a slower climb than the nation's. The typical renter here spends 34.0% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 07040
Bachelor's degrees in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 62.4% | 35.0% | 34.7% | 28.4% |
| 2010–14 | 61.6% | 36.7% | 36.4% | 29.6% |
| 2015–19 | 63.1% | 39.9% | 39.6% | 32.1% |
| 2020–24 | 73.1% | 43.6% | 43.4% | 35.6% |
| Change | +10.7 pts | +8.6 pts | +8.6 pts | +7.2 pts |
ZIP 07040 is highly educated: about three-quarters of adults 25 and older (73.1%) hold at least a bachelor's degree, far above the national share of 35.6%. Since 2006–10, the share with a degree has risen 10.7 points, mirroring the country. Only 34 of the 425 New Jersey ZIP codes with 5,000+ people have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 94.3% | 83.7% | 87.0% | 84.9% |
| 2010–14 | 94.1% | 84.6% | 88.1% | 86.1% |
| 2015–19 | 96.6% | 86.2% | 89.5% | 87.7% |
| 2020–24 | 94.9% | 86.9% | 90.2% | 89.3% |
| Change | +0.5 pts | +3.3 pts | +3.2 pts | +4.3 pts |
High school completion is high in ZIP 07040: 94.9% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Since 2006–10, the share with a diploma has edged up 0.5 points, a smaller shift than nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 07040
| Period | ZIP 07040 | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.1% | 7.9% | 7.9% | 8.1% |
| 2010–14 | 7.3% | 9.5% | 9.8% | 9.4% |
| 2015–19 | 5.5% | 5.7% | 5.6% | 5.6% |
| 2020–24 | 6.2% | 6.9% | 6.4% | 5.4% |
| Change | −0.9 pts | −0.9 pts | −1.5 pts | −2.7 pts |
Jobs have been a little harder to find in ZIP 07040 than nationally: unemployment was 6.2%, against 5.4%. Still, the rate is lower than in the wider New York area (6.9%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 07040 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 07040 | 3.08 | 39.5 | 13.0% | 25.1% | 6.1% | 1946 | $2,471 | 73.1% | 94.9% | 6.2% |
| ZIP 07088 | 2.88 | 40.5 | 15.2% | 50.9% | 6.7% | 1963 | $2,019 | 31.8% | 89.9% | 3.7% |
| ZIP 07079 | 2.88 | 38.4 | 4.3% | 34.7% | 2.6% | 1949 | $2,284 | 76.0% | 97.7% | 6.0% |
| ZIP 07111 | 2.72 | 35.6 | 19.3% | 70.4% | 7.9% | 1961 | $1,472 | 21.7% | 83.6% | 10.2% |
| ZIP 07106 | 2.86 | 36.8 | 22.6% | 64.6% | 6.0% | 1951 | $1,393 | 20.6% | 84.5% | 14.6% |
| ZIP 07041 | 2.93 | 39.6 | 7.2% | 28.3% | 10.3% | 1946 | $2,402 | 85.3% | 97.1% | 5.7% |
| ZIP 07083 | 2.88 | 41.7 | 9.9% | 27.2% | 5.2% | 1961 | $2,010 | 41.6% | 88.8% | 5.8% |
| ZIP 07205 | 3.35 | 36.9 | 16.5% | 32.8% | 7.4% | 1950 | $1,833 | 27.2% | 87.1% | 7.7% |
| ZIP 07112 | 2.79 | 35.4 | 22.7% | 70.8% | 8.3% | 1961 | $1,497 | 21.9% | 88.5% | 14.2% |
| ZIP 07018 | 2.43 | 41.7 | 18.3% | 72.6% | 7.2% | 1954 | $1,519 | 23.2% | 87.4% | 8.8% |
| ZIP 07078 | 3.23 | 41.5 | 6.0% | 13.6% | 3.0% | 1955 | $3,342 | 92.4% | 99.1% | 3.5% |
All figures 2020–24.
Zip codes with similar populations: 01867, MA · 07860, NJ · 11795, NY · 64138, MO · 70005, LA · 48348, MI · 44460, OH · 30291, GA · 30241, GA · 30021, GA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 07040. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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