ZIP Code 07940 Economic Characteristics

ZIP Code 07940 Employment

- Unemployment Rate:
  7.5%
Employed:
9,136
Unemployed:
738
Armed Forces:
0
Not in Labor Force:
4,791

Employed:	9,136
Unemployed:	738
Armed Forces:	0
Not in Labor Force:	4,791

The unemployment rate in ZIP Code 07940 is 7.5%, it's higher than the national unemployment rate.
In ZIP Code 07940, there are 9,136 people who are employed, 738 people who are unemployed, 0 people who are armed forces, and 4,791 people who are not in labor force.

ZIP Code 07940 Commuting

Mean Travel Time to Work:
26.9 minutes

Drove Alone	Carpooled	Public Transportation	Walked	Other Means	Worked from Home
5,471	320	810	704	73	1,637

Drove Alone	5,471
Carpooled	320
Public Transportation	810
Walked	704
Other Means	73
Worked from Home	1,637

In ZIP Code 07940, 5,471 people go to work by driving alone, 320 people go to work by carpooling. 810 people take the public transportation to their companies. 704 people walk to their companies. 1,637 people work at home.
In ZIP Code 07940, people usually take 26.9 minutes on commuting.

ZIP Code 07940 Occupation

Management, Business, Science, and Arts:
5,232
Service:
930
Sales and Office:
2,095
Natural Resources, Construction, and Maintenance:
227
Production, Transportation, and Material Moving:
652

Management, Business, Science, and Arts:	5,232
Service:	930
Sales and Office:	2,095
Natural Resources, Construction, and Maintenance:	227
Production, Transportation, and Material Moving:	652

In ZIP Code 07940, most people are employed in the sector of management, business, science, and arts and sales and office.

ZIP Code 07940 Industry

Agriculture, Forestry, Fishing and Hunting, and Mining	16
Construction	235
Manufacturing	778
Wholesale Trade	215
Retail Trade	1,040
Transportation and Warehousing, and Utilities	300
Information	336
Finance and Insurance, and Real Estate and Rental and Leasing	1,439
Professional, Scientific, and Management, and Administrative and Waste Management Services	1,382
Educational Services, and Health Care and Social Assistance	2,145
Arts, Entertainment, and Recreation, and Accommodation and Food Services	673
Other Services, except Public Administration	289
Public Administration	288

In ZIP Code 07940, most people work in educational services, and health care and social assistance and finance and insurance, and real estate and rental and leasing.

ZIP Code 07940 Income & Benefits

Median Household Income:
$152,469
Per Capita Income:
$73,985

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
180	65	136	148	366	567	417	896	851	2,084

<$10,000	180
$10,000 - $14,999	65
$15,000 - $24,999	136
$25,000 - $34,999	148
$35,000 - $49,999	366
$50,000 - $74,999	567
$75,000 - $99,999	417
$100,000 - $149,999	896
$150,000 - $199,999	851
≥ $200,000	2,084

Benefits

With Earnings:	4,739
With Social Security:	1,446
With Retirement Income:	1,226
With Supplemental Security Income:	132
With Cash Public Assistance Income:	97
With Food Stamp/SNAP Benefits in the Past 12 Month:	137

The median household income in ZIP Code 07940 is $152,469, it's higher than the national median household income.
The per capita income in ZIP Code 07940 is $73,985, it's higher than the national per capita income.
In ZIP Code 07940, 180 households income less than $10,000. 2084 households income more than $200,000.
In ZIP Code 07940, 4,739 people have earnings. 1,446 people have social security. 1,226 people have retirement income. 132 people have supplemental security income. 97 people have cash public assistance income. 137 people have food stamp/SNAP benefits in the past 12 months.

ZIP Code 07940 Poverty Rate

All Families:
1.1%
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 1.1%, and the people's poverty rate is 3.3% in ZIP Code 07940.

ZIP Code 07940 Health Insurance Coverage

With Health Insurance Coverage:
17,422
No Health Insurance Coverage:
472

With Health Insurance Coverage:	17,422
No Health Insurance Coverage:	472

In ZIP Code 07940, there are 17,422 people with health insurance, 472 people still don't have health insurance. The health insurance coverage rate in ZIP Code 07940 is 97.4%.

ZIP Code 07940 Computer & Internet Use

With a Computer:
97.6%
With a Broadband Internet Subscription:
94.6%

* 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 07940, 97.6% of people use computer, 94.6% of people have a broadband internet subscription.

More Information

What else do you want to know about the ZIP Code 07940? We collected some information related to ZIP Code 07940, 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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