ZIP Code 07042 Economic Characteristics

ZIP Code 07042 Employment

- Unemployment Rate:
  5.5%
Employed:
15,152
Unemployed:
883
Armed Forces:
0
Not in Labor Force:
5,913

Employed:	15,152
Unemployed:	883
Armed Forces:	0
Not in Labor Force:	5,913

The unemployment rate in ZIP Code 07042 is 5.5%, it's higher than the national unemployment rate.
In ZIP Code 07042, there are 15,152 people who are employed, 883 people who are unemployed, 0 people who are armed forces, and 5,913 people who are not in labor force.

ZIP Code 07042 Commuting

Mean Travel Time to Work:
36.3 minutes

Drove Alone	Carpooled	Public Transportation	Walked	Other Means	Worked from Home
7,932	798	2,598	457	151	2,966

Drove Alone	7,932
Carpooled	798
Public Transportation	2,598
Walked	457
Other Means	151
Worked from Home	2,966

In ZIP Code 07042, 7,932 people go to work by driving alone, 798 people go to work by carpooling. 2,598 people take the public transportation to their companies. 457 people walk to their companies. 2,966 people work at home.
In ZIP Code 07042, people usually take 36.3 minutes on commuting.

ZIP Code 07042 Occupation

Management, Business, Science, and Arts:
9,021
Service:
1,285
Sales and Office:
3,330
Natural Resources, Construction, and Maintenance:
485
Production, Transportation, and Material Moving:
1,031

Management, Business, Science, and Arts:	9,021
Service:	1,285
Sales and Office:	3,330
Natural Resources, Construction, and Maintenance:	485
Production, Transportation, and Material Moving:	1,031

In ZIP Code 07042, most people are employed in the sector of management, business, science, and arts and sales and office.

ZIP Code 07042 Industry

Agriculture, Forestry, Fishing and Hunting, and Mining	0
Construction	297
Manufacturing	1,156
Wholesale Trade	289
Retail Trade	1,499
Transportation and Warehousing, and Utilities	622
Information	1,057
Finance and Insurance, and Real Estate and Rental and Leasing	1,594
Professional, Scientific, and Management, and Administrative and Waste Management Services	2,489
Educational Services, and Health Care and Social Assistance	4,142
Arts, Entertainment, and Recreation, and Accommodation and Food Services	776
Other Services, except Public Administration	715
Public Administration	516

In ZIP Code 07042, 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 07042 Income & Benefits

Median Household Income:
$128,581
Per Capita Income:
$71,100

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
354	320	448	515	517	1,025	1,062	1,761	1,418	3,034

<$10,000	354
$10,000 - $14,999	320
$15,000 - $24,999	448
$25,000 - $34,999	515
$35,000 - $49,999	517
$50,000 - $74,999	1,025
$75,000 - $99,999	1,062
$100,000 - $149,999	1,761
$150,000 - $199,999	1,418
≥ $200,000	3,034

Benefits

With Earnings:	9,034
With Social Security:	2,533
With Retirement Income:	1,896
With Supplemental Security Income:	335
With Cash Public Assistance Income:	195
With Food Stamp/SNAP Benefits in the Past 12 Month:	549

The median household income in ZIP Code 07042 is $128,581, it's higher than the national median household income.
The per capita income in ZIP Code 07042 is $71,100, it's higher than the national per capita income.
In ZIP Code 07042, 354 households income less than $10,000. 3034 households income more than $200,000.
In ZIP Code 07042, 9,034 people have earnings. 2,533 people have social security. 1,896 people have retirement income. 335 people have supplemental security income. 195 people have cash public assistance income. 549 people have food stamp/SNAP benefits in the past 12 months.

ZIP Code 07042 Poverty Rate

All Families:
4.9%
All People:
7.8%

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

The families' poverty rate is 4.9%, and the people's poverty rate is 7.8% in ZIP Code 07042.

ZIP Code 07042 Health Insurance Coverage

With Health Insurance Coverage:
26,890
No Health Insurance Coverage:
1,016

With Health Insurance Coverage:	26,890
No Health Insurance Coverage:	1,016

In ZIP Code 07042, there are 26,890 people with health insurance, 1,016 people still don't have health insurance. The health insurance coverage rate in ZIP Code 07042 is 96.4%.

ZIP Code 07042 Computer & Internet Use

With a Computer:
95.8%
With a Broadband Internet Subscription:
92.8%

* 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 07042, 95.8% of people use computer, 92.8% of people have a broadband internet subscription.

More Information

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