07043 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Essex County
Centroid: Latitude 40.841, Longitude -74.201
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 07043 has segments in 2 Counties (Essex, Passaic).

Businesses Addresses: 491
PO Box Addresses: 115
Residential Addresses: 4,332

Multi-Family Addresses: 313
Single Family Addresses: 4,019

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.

Montclair, NJ 07043 Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	12,899 (100%)
Population in Households	11,654 (90.3%)
Population in Families	10,250 (79.5%)
Population in Group Quarters¹	1,245 ( 9.7%)
Population Density	5,467
Diversity Index²	60


INCOME
Median Household Income	$200,001
Average Household Income	$317,151
% of Income for Mortgage⁴	24%
Per Capita Income	$101,981
Wealth Index⁵	377
Socioeconomic Status Index⁶	High (73.3)

HOUSING
Total HU (Housing Units)	4,234 (100%)
Owner Occupied HU	3,402 (80.3%)
Renter Occupied HU	736 (17.4%)
Vacant Housing Units	96 ( 2.3%)
Median Home Value	$808,933
Average Home Value	$885,259
Housing Affordability Index³	95

HOUSEHOLDS
Total Households	4,138
Average Household Size	2.82
Family Households	3,094
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
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 races 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.
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.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Montclair, NJ 07043 - Peer Comparisons by Rank and Percentile

The table below compares 07043 to the other 578 ZIP Codes in New Jersey by rank and percentile using July 1, 2023 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.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	-0.80%	-0.43%
Households	0.26%	-0.16%
Families		-0.12%
Median Household Income		0.00%
Per Capita Income		2.37%
Owner Occupied HU		0.18%

Variable Description	Rank	Percentile
Total Population	# 252	57th
Population Density	# 119	80th
Median Household Income	# 16	99th
Housing Affordability Index	# 450	78th
Per Capita Income	# 15	98th
Diversity Index	# 256	56th

07043 ZIP Code Profile, Map, Data & Demographics

ZIP Code 07043: Basic Data & USPS Preferred City Name

Montclair, NJ 07043 Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montclair, NJ 07043 - Peer Comparisons by Rank and Percentile

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