ZIP Code 07040 Economic Characteristics

ZIP Code 07040 Employment

- Unemployment Rate:
  5.8%
Employed:
13,436
Unemployed:
824
Armed Forces:
10
Not in Labor Force:
4,794

Employed:	13,436
Unemployed:	824
Armed Forces:	10
Not in Labor Force:	4,794

The unemployment rate in ZIP Code 07040 is 5.8%, it's higher than the national unemployment rate.
In ZIP Code 07040, there are 13,436 people who are employed, 824 people who are unemployed, 10 people who are armed forces, and 4,794 people who are not in labor force.

ZIP Code 07040 Commuting

Mean Travel Time to Work:
38.7 minutes

Drove Alone	Carpooled	Public Transportation	Walked	Other Means	Worked from Home
6,857	284	3,125	215	604	2,280

Drove Alone	6,857
Carpooled	284
Public Transportation	3,125
Walked	215
Other Means	604
Worked from Home	2,280

In ZIP Code 07040, 6,857 people go to work by driving alone, 284 people go to work by carpooling. 3,125 people take the public transportation to their companies. 215 people walk to their companies. 2,280 people work at home.
In ZIP Code 07040, people usually take 38.7 minutes on commuting.

ZIP Code 07040 Occupation

Management, Business, Science, and Arts:
8,302
Service:
1,085
Sales and Office:
2,447
Natural Resources, Construction, and Maintenance:
557
Production, Transportation, and Material Moving:
1,045

Management, Business, Science, and Arts:	8,302
Service:	1,085
Sales and Office:	2,447
Natural Resources, Construction, and Maintenance:	557
Production, Transportation, and Material Moving:	1,045

In ZIP Code 07040, most people are employed in the sector of management, business, science, and arts and sales and office.

ZIP Code 07040 Industry

Agriculture, Forestry, Fishing and Hunting, and Mining	5
Construction	493
Manufacturing	824
Wholesale Trade	163
Retail Trade	1,080
Transportation and Warehousing, and Utilities	547
Information	1,047
Finance and Insurance, and Real Estate and Rental and Leasing	1,515
Professional, Scientific, and Management, and Administrative and Waste Management Services	2,048
Educational Services, and Health Care and Social Assistance	3,648
Arts, Entertainment, and Recreation, and Accommodation and Food Services	1,178
Other Services, except Public Administration	475
Public Administration	413

In ZIP Code 07040, 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 07040 Income & Benefits

Median Household Income:
$156,477
Per Capita Income:
$68,571

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
131	77	194	247	436	805	853	1,259	934	3,328

<$10,000	131
$10,000 - $14,999	77
$15,000 - $24,999	194
$25,000 - $34,999	247
$35,000 - $49,999	436
$50,000 - $74,999	805
$75,000 - $99,999	853
$100,000 - $149,999	1,259
$150,000 - $199,999	934
≥ $200,000	3,328

Benefits

With Earnings:	7,399
With Social Security:	1,910
With Retirement Income:	1,406
With Supplemental Security Income:	286
With Cash Public Assistance Income:	264
With Food Stamp/SNAP Benefits in the Past 12 Month:	80

The median household income in ZIP Code 07040 is $156,477, it's higher than the national median household income.
The per capita income in ZIP Code 07040 is $68,571, it's higher than the national per capita income.
In ZIP Code 07040, 131 households income less than $10,000. 3328 households income more than $200,000.
In ZIP Code 07040, 7,399 people have earnings. 1,910 people have social security. 1,406 people have retirement income. 286 people have supplemental security income. 264 people have cash public assistance income. 80 people have food stamp/SNAP benefits in the past 12 months.

ZIP Code 07040 Poverty Rate

All Families:
1.4%
All People:
3.3%

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

The families' poverty rate is 1.4%, and the people's poverty rate is 3.3% in ZIP Code 07040.

ZIP Code 07040 Health Insurance Coverage

With Health Insurance Coverage:
24,389
No Health Insurance Coverage:
1,021

With Health Insurance Coverage:	24,389
No Health Insurance Coverage:	1,021

In ZIP Code 07040, there are 24,389 people with health insurance, 1,021 people still don't have health insurance. The health insurance coverage rate in ZIP Code 07040 is 96%.

ZIP Code 07040 Computer & Internet Use

With a Computer:
95.9%
With a Broadband Internet Subscription:
94%

* 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 07040, 95.9% of people use computer, 94% of people have a broadband internet subscription.

More Information

What else do you want to know about the ZIP Code 07040? We collected some information related to ZIP Code 07040, which is closely related to people's lives. These data help people understand the general situation of the community in which they lived or about to live, and the information also has a guiding role for business construction.

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