Boonton, NJ 07005 ZIP Code Profile

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ZIP Code 07005: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Boonton, NJ 07005

Acceptable Alternative
Boonton Township, NJ 07005
Boonton Twp, NJ 07005

Not Acceptable, USPS
Lake Intervale, NJ 07005
Lk Intervale, NJ 07005
Lyonsville, NJ 07005
Meriden, NJ 07005
Powerville, NJ 07005
Rockaway Valley, NJ 07005
Taylortown, NJ 07005

  • ZIP Code Type: STANDARD
  • County: Morris County
  • Centroid: Latitude 40.918, Longitude -74.426
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 621
  • PO Box Addresses: 116
  • Residential Addresses: 5,909
    • Multi-Family Addresses: 79
    • Single Family Addresses: 5,830

The ZIP Code maps and database are updated 4 times per year.
Database updated: August 1, 2019, Maps updated: August 2, 2019.

Jump to... (On This Page!)
  1. 07005 2019 Demographic Data
  2. Growth Rates for 07005 (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2019 Demographics

Popular Places Near ZIP Code 07005

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



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Boonton, NJ 07005 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Boonton, NJ 07005 Housing Affordability Index is 109
State of New Jersey Housing Affordability Index is 91
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Boonton, NJ 07005 Wealth Index is 203
State of New Jersey Wealth Index is 148
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New Jersey address.

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  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 15,594
Population in Households 15,382
Population in Familes 12,840
Population in Group Qrtrs 212
Population Density 832
Diversity Index1 50
 

INCOME

Median Household Income $111,405
Average Household Income $150,869
Per Capita Income $56,164
Wealth Index3 203

HOUSING

Total Housing Units 6,055 (100%)
Owner Occupied HU 3,780 (62.4%)
Renter Occupied HU 2,023 (33.4%)
Vacant Housing Units 252 ( 4.2%)
Median Home Value $465,871
Housing Affordability Index2 109
 

HOUSEHOLDS

Total Households 5,803
Average Household Size 2.65
Family Households 4,018
Average Family Size 3
NOTES
  1. 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.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.16% 1.05%
Households 0.1% 1.17%
Families 0.11% 1.13%
Median Household Income   1.59%
Per Capita Income   2.24%

Boonton, NJ 07005 - Peer Comparisons by Rank and Percentile

The table below compares 07005 to the other 582 ZIP Codes in New Jersey by rank and percentile using July 1, 2019 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 # 217 63rd
Population Density # 400 31st
Diversity Index # 261 55th
Median Household Income # 165 72nd
Per Capita Income # 156 73rd

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


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