Madison, NJ 07940 ZIP Code Profile

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Madison, NJ
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ZIP Code 07940: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Madison, NJ 07940

  • ZIP Code Type: STANDARD
  • Businesses Addresses: 625
  • Single Family Addresses: 5,422
  • Multi-Family Addresses: 199
  • County: Morris County
  • Centroid: Latitude 40.756, Longitude -74.419
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes

Neighborhood Data

Address Based Hyperlocal Data Input an address and get data & demographics for the pertinent census block group (CBG), a searchable map and a customized directory. The CBG is the smallest geographical unit used by the Census Bureau for reporting certain data.


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07940 ZIP Code Map

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Madison, NJ 07940 Data & Demographics (As of July 1, 2017)

POPULATION

Total Population 16,452
Daytime Population: Workers 19,165
Daytime Population: Residents 8,711
Total Daytime Population (TDP) 27,876
Ratio TDP/Total Population1 1.69
Population in Households 14,758
Population in Familes 12,251
Population in Group Qrtrs 1,694
Population Density2 3,340
Diversity Index3 44
 

INCOME

Median Household Income $121,953
Average Household Income $175,292
Per Capita Income $63,446

HOUSING

Total Housing Units 5,972 (100%)
Owner Occupied HU 3,513 (58.8%)
Renter Occupied HU 2,142 (35.9%)
Vacant Housing Units 317 ( 5.3%)
Median Home Value $667,642
Average Home Value $738,173
 

HOUSEHOLDS

Total Households 5,655
Average Household Size 2.61
Family Households 3,796
Average Family Size 3
NOTES
  1. If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
  2. Population Density = Total Population per square mile.
  3. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 0.48% 0.41%
Households 0.38% 0.34%
Families 0.4% 0.36%
Median Household Income   2.22%
Per Capita Income   1.99%

Madison, NJ 07940 - Peer Comparisons by Rank and Percentile

The table below compares 07940 to the other 579 ZIP Codes in New Jersey by rank and percentile using July 1, 2017 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 206 65th
Population Density # 187 68th
Diversity Index # 299 49th
Median Household Income # 83 86th
Per Capita Income # 75 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.


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