ZIP Code 07405 Economic Characteristics

ZIP Code 07405 Employment

- Unemployment Rate:
  6.9%
Employed:
9,928
Unemployed:
741
Armed Forces:
0
Not in Labor Force:
4,313

Employed:	9,928
Unemployed:	741
Armed Forces:	0
Not in Labor Force:	4,313

The unemployment rate in ZIP Code 07405 is 6.9%, it's higher than the national unemployment rate.
In ZIP Code 07405, there are 9,928 people who are employed, 741 people who are unemployed, 0 people who are armed forces, and 4,313 people who are not in labor force.

ZIP Code 07405 Commuting

Mean Travel Time to Work:
33 minutes

Drove Alone	Carpooled	Public Transportation	Walked	Other Means	Worked from Home
7,497	496	523	138	37	1,067

Drove Alone	7,497
Carpooled	496
Public Transportation	523
Walked	138
Other Means	37
Worked from Home	1,067

In ZIP Code 07405, 7,497 people go to work by driving alone, 496 people go to work by carpooling. 523 people take the public transportation to their companies. 138 people walk to their companies. 1,067 people work at home.
In ZIP Code 07405, people usually take 33 minutes on commuting.

ZIP Code 07405 Occupation

Management, Business, Science, and Arts:
4,750
Service:
1,265
Sales and Office:
2,336
Natural Resources, Construction, and Maintenance:
712
Production, Transportation, and Material Moving:
865

Management, Business, Science, and Arts:	4,750
Service:	1,265
Sales and Office:	2,336
Natural Resources, Construction, and Maintenance:	712
Production, Transportation, and Material Moving:	865

In ZIP Code 07405, most people are employed in the sector of management, business, science, and arts and sales and office.

ZIP Code 07405 Industry

Agriculture, Forestry, Fishing and Hunting, and Mining	22
Construction	831
Manufacturing	937
Wholesale Trade	466
Retail Trade	1,162
Transportation and Warehousing, and Utilities	348
Information	209
Finance and Insurance, and Real Estate and Rental and Leasing	997
Professional, Scientific, and Management, and Administrative and Waste Management Services	1,553
Educational Services, and Health Care and Social Assistance	2,269
Arts, Entertainment, and Recreation, and Accommodation and Food Services	650
Other Services, except Public Administration	209
Public Administration	275

In ZIP Code 07405, 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 07405 Income & Benefits

Median Household Income:
$117,740
Per Capita Income:
$58,940

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
162	122	215	137	363	948	743	1,486	931	1,622

<$10,000	162
$10,000 - $14,999	122
$15,000 - $24,999	215
$25,000 - $34,999	137
$35,000 - $49,999	363
$50,000 - $74,999	948
$75,000 - $99,999	743
$100,000 - $149,999	1,486
$150,000 - $199,999	931
≥ $200,000	1,622

Benefits

With Earnings:	5,718
With Social Security:	2,098
With Retirement Income:	1,411
With Supplemental Security Income:	194
With Cash Public Assistance Income:	63
With Food Stamp/SNAP Benefits in the Past 12 Month:	162

The median household income in ZIP Code 07405 is $117,740, it's higher than the national median household income.
The per capita income in ZIP Code 07405 is $58,940, it's higher than the national per capita income.
In ZIP Code 07405, 162 households income less than $10,000. 1622 households income more than $200,000.
In ZIP Code 07405, 5,718 people have earnings. 2,098 people have social security. 1,411 people have retirement income. 194 people have supplemental security income. 63 people have cash public assistance income. 162 people have food stamp/SNAP benefits in the past 12 months.

ZIP Code 07405 Poverty Rate

All Families:
1.1%
All People:
3.9%

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

The families' poverty rate is 1.1%, and the people's poverty rate is 3.9% in ZIP Code 07405.

ZIP Code 07405 Health Insurance Coverage

With Health Insurance Coverage:
17,252
No Health Insurance Coverage:
740

With Health Insurance Coverage:	17,252
No Health Insurance Coverage:	740

In ZIP Code 07405, there are 17,252 people with health insurance, 740 people still don't have health insurance. The health insurance coverage rate in ZIP Code 07405 is 95.9%.

ZIP Code 07405 Computer & Internet Use

With a Computer:
95.8%
With a Broadband Internet Subscription:
93.2%

* 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 07405, 95.8% of people use computer, 93.2% of people have a broadband internet subscription.

More Information

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