ZIP Code 07016 Economic Characteristics

ZIP Code 07016 Employment

- Unemployment Rate:
  4.5%
Employed:
12,493
Unemployed:
583
Armed Forces:
21
Not in Labor Force:
5,985

Employed:	12,493
Unemployed:	583
Armed Forces:	21
Not in Labor Force:	5,985

The unemployment rate in ZIP Code 07016 is 4.5%,
In ZIP Code 07016, there are 12,493 people who are employed, 583 people who are unemployed, 21 people who are armed forces, and 5,985 people who are not in labor force.

ZIP Code 07016 Commuting

Mean Travel Time to Work:
35.2 minutes

Drove Alone	Carpooled	Public Transportation	Walked	Other Means	Worked from Home
8,032	515	1,660	215	80	1,859

Drove Alone	8,032
Carpooled	515
Public Transportation	1,660
Walked	215
Other Means	80
Worked from Home	1,859

In ZIP Code 07016, 8,032 people go to work by driving alone, 515 people go to work by carpooling. 1,660 people take the public transportation to their companies. 215 people walk to their companies. 1,859 people work at home.
In ZIP Code 07016, people usually take 35.2 minutes on commuting.

ZIP Code 07016 Occupation

Management, Business, Science, and Arts:
7,834
Service:
1,089
Sales and Office:
2,325
Natural Resources, Construction, and Maintenance:
718
Production, Transportation, and Material Moving:
527

Management, Business, Science, and Arts:	7,834
Service:	1,089
Sales and Office:	2,325
Natural Resources, Construction, and Maintenance:	718
Production, Transportation, and Material Moving:	527

In ZIP Code 07016, most people are employed in the sector of management, business, science, and arts and sales and office.

ZIP Code 07016 Industry

Agriculture, Forestry, Fishing and Hunting, and Mining	34
Construction	646
Manufacturing	1,016
Wholesale Trade	362
Retail Trade	809
Transportation and Warehousing, and Utilities	554
Information	532
Finance and Insurance, and Real Estate and Rental and Leasing	1,521
Professional, Scientific, and Management, and Administrative and Waste Management Services	2,008
Educational Services, and Health Care and Social Assistance	3,276
Arts, Entertainment, and Recreation, and Accommodation and Food Services	787
Other Services, except Public Administration	468
Public Administration	480

In ZIP Code 07016, most people work in educational services, and health care and social assistance and professional, scientific, and management, and administrative and waste management services.

ZIP Code 07016 Income & Benefits

Median Household Income:
$139,394
Per Capita Income:
$66,365

Households Income

<$10,000	$10,000 - $14,999	$15,000 - $24,999	$25,000 - $34,999	$35,000 - $49,999	$50,000 - $74,999	$75,000 - $99,999	$100,000 - $149,999	$150,000 - $199,999	≥ $200,000
96	152	410	180	627	1,058	883	1,449	1,587	2,587

<$10,000	96
$10,000 - $14,999	152
$15,000 - $24,999	410
$25,000 - $34,999	180
$35,000 - $49,999	627
$50,000 - $74,999	1,058
$75,000 - $99,999	883
$100,000 - $149,999	1,449
$150,000 - $199,999	1,587
≥ $200,000	2,587

Benefits

With Earnings:	7,089
With Social Security:	3,159
With Retirement Income:	2,426
With Supplemental Security Income:	252
With Cash Public Assistance Income:	87
With Food Stamp/SNAP Benefits in the Past 12 Month:	180

The median household income in ZIP Code 07016 is $139,394, it's higher than the national median household income.
The per capita income in ZIP Code 07016 is $66,365, it's higher than the national per capita income.
In ZIP Code 07016, 96 households income less than $10,000. 2587 households income more than $200,000.
In ZIP Code 07016, 7,089 people have earnings. 3,159 people have social security. 2,426 people have retirement income. 252 people have supplemental security income. 87 people have cash public assistance income. 180 people have food stamp/SNAP benefits in the past 12 months.

ZIP Code 07016 Poverty Rate

All Families:
2%
All People:
2.8%

* The percentage of families and people whose income in the past 12 months is below the poverty level.

The families' poverty rate is 2%, and the people's poverty rate is 2.8% in ZIP Code 07016.

ZIP Code 07016 Health Insurance Coverage

With Health Insurance Coverage:
23,196
No Health Insurance Coverage:
384

With Health Insurance Coverage:	23,196
No Health Insurance Coverage:	384

In ZIP Code 07016, there are 23,196 people with health insurance, 384 people still don't have health insurance. The health insurance coverage rate in ZIP Code 07016 is 98.4%.

ZIP Code 07016 Computer & Internet Use

With a Computer:
95.4%
With a Broadband Internet Subscription:
90.5%

* The ACS considers desktops, laptops, tablets, and smartphones as computers, along with selected computing technologies such as smart home devices and single-board computers.

In ZIP Code 07016, 95.4% of people use computer, 90.5% of people have a broadband internet subscription.

More Information

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