Milmay, NJ 08340 ZIP Code Profile

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Milmay, NJ
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ZIP Code 08340: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Milmay, NJ 08340

  • ZIP Code Type: STANDARD
  • County: Atlantic County
  • Centroid: Latitude 39.441, Longitude -74.863
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 21
  • PO Box Addresses: 54
  • Residential Addresses: 306
    • Multi-Family Addresses: 0
    • Single Family Addresses: 306

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. 08340 2019 Demographic Data
  2. Growth Rates for 08340 (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

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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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Milmay, NJ 08340 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Milmay, NJ 08340 Housing Affordability Index is 144
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

Milmay, NJ 08340 Wealth Index is 164
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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  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 929
Population in Households 925
Population in Familes 778
Population in Group Qrtrs 4
Population Density 64
Diversity Index1 30
 

INCOME

Median Household Income $65,314
Average Household Income $101,756
Per Capita Income $39,656
Wealth Index3 164

HOUSING

Total Housing Units 384 (100%)
Owner Occupied HU 300 (78.1%)
Renter Occupied HU 62 (16.1%)
Vacant Housing Units 22 ( 5.7%)
Median Home Value $237,313
Housing Affordability Index2 144
 

HOUSEHOLDS

Total Households 362
Average Household Size 2.56
Family Households 258
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 0.05% -0.19%
Households -0.03% -0.17%
Families -0.04% -0.23%
Median Household Income   3.96%
Per Capita Income   4.08%

Milmay, NJ 08340 - Peer Comparisons by Rank and Percentile

The table below compares 08340 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 # 535 8th
Population Density # 565 3rd
Diversity Index # 438 25th
Median Household Income # 466 20th
Per Capita Income # 332 43rd

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


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