ZIP Code 07508 Economic Characteristics

ZIP Code 07508 Employment

- Unemployment Rate:
  5.8%
Employed:
11,836
Unemployed:
727
Armed Forces:
19
Not in Labor Force:
6,658

Employed:	11,836
Unemployed:	727
Armed Forces:	19
Not in Labor Force:	6,658

The unemployment rate in ZIP Code 07508 is 5.8%, it's higher than the national unemployment rate.
In ZIP Code 07508, there are 11,836 people who are employed, 727 people who are unemployed, 19 people who are armed forces, and 6,658 people who are not in labor force.

ZIP Code 07508 Commuting

Mean Travel Time to Work:
26.9 minutes

Drove Alone	Carpooled	Public Transportation	Walked	Other Means	Worked from Home
8,483	1,227	672	227	250	735

Drove Alone	8,483
Carpooled	1,227
Public Transportation	672
Walked	227
Other Means	250
Worked from Home	735

In ZIP Code 07508, 8,483 people go to work by driving alone, 1,227 people go to work by carpooling. 672 people take the public transportation to their companies. 227 people walk to their companies. 735 people work at home.
In ZIP Code 07508, people usually take 26.9 minutes on commuting.

ZIP Code 07508 Occupation

Management, Business, Science, and Arts:
3,863
Service:
1,997
Sales and Office:
2,975
Natural Resources, Construction, and Maintenance:
1,086
Production, Transportation, and Material Moving:
1,915

Management, Business, Science, and Arts:	3,863
Service:	1,997
Sales and Office:	2,975
Natural Resources, Construction, and Maintenance:	1,086
Production, Transportation, and Material Moving:	1,915

In ZIP Code 07508, most people are employed in the sector of management, business, science, and arts and sales and office.

ZIP Code 07508 Industry

Agriculture, Forestry, Fishing and Hunting, and Mining	12
Construction	688
Manufacturing	1,068
Wholesale Trade	403
Retail Trade	1,740
Transportation and Warehousing, and Utilities	881
Information	179
Finance and Insurance, and Real Estate and Rental and Leasing	834
Professional, Scientific, and Management, and Administrative and Waste Management Services	1,385
Educational Services, and Health Care and Social Assistance	2,761
Arts, Entertainment, and Recreation, and Accommodation and Food Services	782
Other Services, except Public Administration	531
Public Administration	572

In ZIP Code 07508, most people work in educational services, and health care and social assistance and retail trade.

ZIP Code 07508 Income & Benefits

Median Household Income:
$89,160
Per Capita Income:
$37,909

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
276	189	563	566	475	1,244	1,344	1,197	941	1,250

<$10,000	276
$10,000 - $14,999	189
$15,000 - $24,999	563
$25,000 - $34,999	566
$35,000 - $49,999	475
$50,000 - $74,999	1,244
$75,000 - $99,999	1,344
$100,000 - $149,999	1,197
$150,000 - $199,999	941
≥ $200,000	1,250

Benefits

With Earnings:	6,671
With Social Security:	2,836
With Retirement Income:	2,020
With Supplemental Security Income:	403
With Cash Public Assistance Income:	413
With Food Stamp/SNAP Benefits in the Past 12 Month:	1,182

The median household income in ZIP Code 07508 is $89,160, it's higher than the national median household income.
The per capita income in ZIP Code 07508 is $37,909, it's higher than the national per capita income.
In ZIP Code 07508, 276 households income less than $10,000. 1250 households income more than $200,000.
In ZIP Code 07508, 6,671 people have earnings. 2,836 people have social security. 2,020 people have retirement income. 403 people have supplemental security income. 413 people have cash public assistance income. 1,182 people have food stamp/SNAP benefits in the past 12 months.

ZIP Code 07508 Poverty Rate

All Families:
7.5%
All People:
8.9%

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

The families' poverty rate is 7.5%, and the people's poverty rate is 8.9% in ZIP Code 07508.

ZIP Code 07508 Health Insurance Coverage

With Health Insurance Coverage:
21,663
No Health Insurance Coverage:
2,005

With Health Insurance Coverage:	21,663
No Health Insurance Coverage:	2,005

In ZIP Code 07508, there are 21,663 people with health insurance, 2,005 people still don't have health insurance. The health insurance coverage rate in ZIP Code 07508 is 91.5%.

ZIP Code 07508 Computer & Internet Use

With a Computer:
92.9%
With a Broadband Internet Subscription:
89.5%

* 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 07508, 92.9% of people use computer, 89.5% of people have a broadband internet subscription.

More Information

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