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, 2016)

POPULATION

Total Population 16,272
Population in Households 14,576
Population in Familes 12,066
Population in Group Qrtrs 1,696
Population Density1 3,222
Diversity Index2 43
 

HOUSEHOLDS

Total Households 5,613
Average Household Size 2.6
Family Households 3,757
Average Family Size 3

HOUSING

Total Housing Units 5,933 (100%)
Owner Occupied HU 3,492 (58.9%)
Renter Occupied HU 2,121 (35.7%)
Vacant Housing Units 320 ( 5.4%)
Median Home Value $679,190
Average Home Value $730,162
 

INCOME

Median Household Income $114,947
Average Household Income $165,132
Per Capita Income $60,194
  (Compound Annual Growth Rates)

GROWTH RATES

2010-2015 2015-2020
Population 0.39% 0.36%
Households 0.33% 0.33%
Families 0.31% 0.32%
Median Household Income   2.46%
Per Capita Income   1.73%
1) Population Density = Total Population per square mile.
2) The Diversity Index is a scale of 0 to 100 that represents the likelyhood 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.
Based on Census 2010 counts, the Diversity Index for the United States was 60.6 and it is expected to increase to 64.8 by July 1, 2018.

Madison, NJ 07940 - Peer Comparisons by Rank and Percentile

The table below compares 07940 to the other 580 ZIP Codes in New Jersey by rank and percentile using July 1, 2016 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 # 209 64th
Population Density1 # 193 67th
Diversity Index2 # 296 49th
Median Household Income # 96 83rd
Per Capita Income # 82 86th

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