ZIP Code 07940
Located in Madison, NJ (Morris County)
ZIP Code 07940 (Madison, NJ): Quick Facts & Overview
- Population: 17,610 residents (1,384 people per sq. mi.)
- Average House Price: $939,742
- Average Household Income: $172,708
ZIP code 07940 primarily serves Madison, NJ in Morris County. An estimated 17,610 people live within this area, with about 1,384 residents living in every square mile.
If you are looking for a home in ZIP code 07940, the average price is around $939,742. That makes local housing 80% higher than the New Jersey average of $522,239, and 205% higher than the national average of $308,592.
The average household in 07940 earns about $172,708 a year. This income is 42% higher than the average family in New Jersey ($122,052), and 119% higher than the national average ($78,686).
Population
17,610
Median Household Income
$172,708
Median Home Value
$939,742
Median Age
35.3 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $52,067 |
| Labor Force Participation | 65.7% |
| Unemployment Rate | 6.4% |
| Average Commute Time | 27.0 mins |
Housing & Community Metrics
| Home Ownership Rate | 64.0% |
| Median Rent | $2,251 |
| Rent Burdened (>30% Income) | 31.1% |
| Total Housing Units | 5,653 |
Additional Census & Housing Profile
Geographic Overview
| Primary City | Madison |
| County | Morris |
| County FIPS | 34027 |
| Metro Area (CBSA) | New York-Newark-Jersey City, NY-NJ |
| Combined Area (CSA) | New York-Newark, NY-NJ-CT-PA |
| Population Density | 1,384.0/sq mi |
| Coordinates (lat/lng) | 40.7601, -74.4189 |
| Timezone | America/New_York |
Household Structure
| Average Family Size | 3.25 |
| Dual Income Families | 65.3% |
Marital Status
| Married | 47.9% |
| Never Married | 40.2% |
| Divorced | 7.9% |
| Widowed | 4.1% |
Gender
| Male | 47.8% |
| Female | 52.2% |
Health & Poverty
| Uninsured Rate (Health) | 3.3% |
| Poverty Rate | 3.2% |
Key Population Groups
| Veterans | 2.7% |
| Disabled Population | 6.4% |
| Limited English Proficiency | 3.2% |
All ZIP Codes in Madison
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 07940 Current | 17,610 | $172,708 | $939,742 |
Nearby ZIP Codes
| ZIP Code | City / State | Distance | Population |
|---|---|---|---|
| 07961 | Convent Station, NJ | 1.7 miles | 333 |
| 07932 | Florham Park, NJ | 1.8 miles | 11,977 |
| 07928 | Chatham, NJ | 2.4 miles | 19,974 |
| 07935 | Green Village, NJ | 2.4 miles | 584 |
| 07976 | New Vernon, NJ | 3.8 miles | 389 |
| 07901 | Summit, NJ | 4.2 miles | 24,314 |
| 07974 | New Providence, NJ | 4.4 miles | 13,349 |
| 07981 | Whippany, NJ | 4.4 miles | 9,030 |
| 07960 | Morristown, NJ | 4.5 miles | 46,702 |
| 07927 | Cedar Knolls, NJ | 4.6 miles | 4,882 |
| 07078 | Short Hills, NJ | 4.9 miles | 14,613 |
| 07039 | Livingston, NJ | 5 miles | 31,488 |
| 07936 | East Hanover, NJ | 5 miles | 11,152 |
| 07933 | Gillette, NJ | 5.3 miles | 2,995 |
| 07922 | Berkeley Heights, NJ | 5.9 miles | 12,195 |
| 07092 | Mountainside, NJ | 6.3 miles | 7,049 |
| 07081 | Springfield, NJ | 6.4 miles | 17,171 |
| 07054 | Parsippany, NJ | 6.6 miles | 29,480 |
| 07041 | Millburn, NJ | 6.7 miles | 7,532 |
| 07950 | Morris Plains, NJ | 6.8 miles | 21,651 |
| 07980 | Stirling, NJ | 7 miles | 2,675 |
| 07068 | Roseland, NJ | 7.1 miles | 6,268 |
| 07946 | Millington, NJ | 7.5 miles | 2,982 |
| 07088 | Vauxhall, NJ | 7.6 miles | 2,901 |
| 07040 | Maplewood, NJ | 8 miles | 25,613 |
| 07069 | Watchung, NJ | 8.2 miles | 6,623 |
| 07079 | South Orange, NJ | 8.3 miles | 18,539 |
| 07878 | Mount Tabor, NJ | 8.3 miles | 766 |
| 07926 | Brookside, NJ | 8.3 miles | 161 |
| 07023 | Fanwood, NJ | 8.4 miles | 7,799 |
| 07052 | West Orange, NJ | 8.4 miles | 48,620 |
| 07058 | Pine Brook, NJ | 8.4 miles | 5,946 |
| 07034 | Lake Hiawatha, NJ | 8.5 miles | 11,018 |
| 07090 | Westfield, NJ | 8.5 miles | 31,111 |
| 07021 | Essex Fells, NJ | 8.6 miles | 2,361 |
| 07970 | Mount Freedom, NJ | 8.7 miles | 215 |
| 07920 | Basking Ridge, NJ | 8.8 miles | 28,753 |
| 07033 | Kenilworth, NJ | 8.9 miles | 8,401 |
| 07062 | Plainfield, NJ | 8.9 miles | 15,399 |
| 07027 | Garwood, NJ | 9 miles | 4,885 |
| 07046 | Mountain Lakes, NJ | 9.1 miles | 4,585 |
| 07076 | Scotch Plains, NJ | 9.1 miles | 24,843 |
| 07083 | Union, NJ | 9.1 miles | 58,170 |
| 07924 | Bernardsville, NJ | 9.2 miles | 7,713 |
| 07016 | Cranford, NJ | 9.4 miles | 24,074 |
| 07834 | Denville, NJ | 9.5 miles | 18,385 |
| 07939 | Lyons, NJ | 9.5 miles | 322 |
| 07945 | Mendham, NJ | 9.5 miles | 9,690 |
| 07006 | Caldwell, NJ | 9.6 miles | 26,654 |
| 07050 | Orange, NJ | 9.7 miles | 34,181 |
| 07106 | Newark, NJ | 9.9 miles | 36,383 |
| 07060 | Plainfield, NJ | 10 miles | 48,363 |
| 07111 | Irvington, NJ | 10.1 miles | 60,867 |
| 07059 | Warren, NJ | 10.2 miles | 16,811 |
| 07204 | Roselle Park, NJ | 10.3 miles | 14,093 |
| 07869 | Randolph, NJ | 10.3 miles | 26,022 |
| 07004 | Fairfield, NJ | 10.4 miles | 7,824 |
| 07018 | East Orange, NJ | 10.5 miles | 28,924 |
| 07044 | Verona, NJ | 10.5 miles | 14,545 |
| 07045 | Montville, NJ | 10.5 miles | 10,561 |
| 07063 | Plainfield, NJ | 10.8 miles | 14,235 |
| 07205 | Hillside, NJ | 10.9 miles | 22,349 |
| 07017 | East Orange, NJ | 11.1 miles | 40,910 |
| 07066 | Clark, NJ | 11.1 miles | 15,622 |
| 07042 | Montclair, NJ | 11.2 miles | 27,326 |
| 07203 | Roselle, NJ | 11.2 miles | 22,646 |
| 07112 | Newark, NJ | 11.4 miles | 29,456 |
| 08812 | Dunellen, NJ | 11.5 miles | 14,224 |
| 07005 | Boonton, NJ | 11.6 miles | 15,307 |
| 07028 | Glen Ridge, NJ | 11.6 miles | 8,022 |
| 07108 | Newark, NJ | 11.7 miles | 28,790 |
| 07103 | Newark, NJ | 11.8 miles | 37,293 |
| 07208 | Elizabeth, NJ | 11.8 miles | 31,937 |
| 07009 | Cedar Grove, NJ | 12 miles | 13,535 |
| 07082 | Towaco, NJ | 12.1 miles | 5,723 |
| 07107 | Newark, NJ | 12.2 miles | 43,293 |
| 07803 | Mine Hill, NJ | 12.5 miles | 4,048 |
| 07977 | Peapack, NJ | 12.5 miles | 917 |
| 07003 | Bloomfield, NJ | 12.6 miles | 53,771 |
| 07043 | Montclair, NJ | 12.8 miles | 13,256 |
| 07065 | Rahway, NJ | 12.8 miles | 30,109 |
| 07067 | Colonia, NJ | 12.8 miles | 18,587 |
| 07080 | South Plainfield, NJ | 12.8 miles | 24,411 |
| 07035 | Lincoln Park, NJ | 12.9 miles | 11,120 |
| 07202 | Elizabeth, NJ | 12.9 miles | 44,968 |
| 08820 | Edison, NJ | 12.9 miles | 39,978 |
| 07102 | Newark, NJ | 13 miles | 12,358 |
| 07931 | Far Hills, NJ | 13 miles | 2,985 |
| 07104 | Newark, NJ | 13.1 miles | 52,266 |
| 07036 | Linden, NJ | 13.2 miles | 45,671 |
| 08836 | Martinsville, NJ | 13.3 miles | 3,855 |
| 08846 | Middlesex, NJ | 13.5 miles | 14,645 |
| 07801 | Dover, NJ | 13.6 miles | 27,128 |
| 07109 | Belleville, NJ | 13.7 miles | 37,984 |
| 07847 | Kenvil, NJ | 13.8 miles | 1,776 |
| 07866 | Rockaway, NJ | 13.8 miles | 22,663 |
| 07029 | Harrison, NJ | 13.9 miles | 22,866 |
| 07114 | Newark, NJ | 13.9 miles | 13,670 |
| 07424 | Little Falls, NJ | 14 miles | 28,085 |
| 07876 | Succasunna, NJ | 14 miles | 9,641 |