ZIP Code 07040 Demographics

Essex County, New Jersey  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 07040 compared to county averages.

Total Population

25,384

↓ 97.0% vs county

Median HH Income

$165,681

↑ +124.5% vs county

Median Home Value

$638,000

↑ +36.8% vs county

Median Age

39.1 yrs

↓ +4.0% vs county

Unemployment Rate

7.3%

↑ 14.9% vs county

Income & Housing Comparison

How ZIP 07040 compares to Essex County and New Jersey overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 07040 $166k Essex $74k New Jersey $97k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 07040 $638k Essex $467k New Jersey $401k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

36.1%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

77.0%

of occupied housing units are owner-occupied

Median Gross Rent

$1,990

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 07040 using local Census metrics.

Median Home Value$638,000
Down Payment (20%)$127,600
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$4,050P&I: $3226 | Tax: $638 | Ins: $186
Rent (Local Median)
$1,990
Renting is CheaperRenting is estimated to save you $2,060/month compared to buying costs.

How Does 07040 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 07040 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 07040, sorted by distance.

07088 1.2 mi away union county 07079 1.4 mi away essex county 07041 1.7 mi away essex county 07111 2.0 mi away essex county 07106 2.2 mi away essex county 07083 2.5 mi away union county 07050 3.2 mi away essex county 07205 3.2 mi away union county

About Essex County

Essex County is located in New Jersey and has a total population of 853,374. The county's median household income is $73,785 and median home value is $466,500. ZIP code 07040 is one of many ZCTAs within this county.

View all ZIP codes in Essex County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.