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: 507
PO Box Addresses: 135
Residential Addresses: 4,328

Multi-Family Addresses: 312
Single Family Addresses: 4,016

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2022, Maps updated: February 4, 2022.

Montclair, NJ 07043 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	11,707 (100%)
Population in Households	11,594 (99.0%)
Population in Families	10,149 (86.7%)
Population in Group Quarters¹	113 ( 1.0%)
Population Density	4,834
Diversity Index²	47


INCOME
Median Household Income	$200,001
Average Household Income	$269,937
% of Income for Mortgage⁴	16%
Per Capita Income	$96,789
Wealth Index⁵	383

HOUSING
Total HU (Housing Units)	4,364 (100%)
Owner Occupied HU	3,546 (81.3%)
Renter Occupied HU	651 (14.9%)
Vacant Housing Units	167 ( 3.8%)
Median Home Value	$763,498
Average Home Value	$825,360
Housing Affordability Index³	142

HOUSEHOLDS
Total Households	4,197
Average Household Size	2.76
Family Households	3,126
Average Family Size	3

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.

Montclair, NJ 07043 - Peer Comparisons by Rank and Percentile

The table below compares 07043 to the other 577 ZIP Codes in New Jersey by rank and percentile using July 1, 2021 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	2010-2021	2021-2026
Population	0.05%	-0.1%
Households	0.02%	-0.15%
Families	0.0%	-0.12%
Median Household Income		0.0%
Per Capita Income		1.69%
Owner Occupied HU		0.12%

Variable Description	Rank	Percentile
Total Population	# 272	53rd
Population Density	# 123	79th
Median Household Income	# 3	98th
Housing Affordability Index	# 400	69th
Per Capita Income	# 9	99th
Diversity Index	# 291	50th

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, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Montclair, NJ 07043 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 07043

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