08540 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Mercer County
Centroid: Latitude 40.367, Longitude -74.67
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 08540 has segments in 3 Counties (Mercer, Middlesex, Somerset).

Businesses Addresses: 1,721
PO Box Addresses: 0
Residential Addresses: 18,853

Multi-Family Addresses: 3,317
Single Family Addresses: 15,536

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

Princeton, NJ 08540 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	47,337 (100%)
Population in Households	44,994 (95.1%)
Population in Families	36,929 (78.0%)
Population in Group Quarters¹	2,343 ( 4.9%)
Population Density	889
Diversity Index²	65


INCOME
Median Household Income	$142,593
Average Household Income	$197,078
% of Income for Mortgage⁴	20%
Per Capita Income	$75,471
Wealth Index⁵	246

HOUSING
Total HU (Housing Units)	19,331 (100%)
Owner Occupied HU	11,269 (58.3%)
Renter Occupied HU	6,807 (35.2%)
Vacant Housing Units	1,255 ( 6.5%)
Median Home Value	$663,022
Average Home Value	$801,848
Housing Affordability Index³	118

HOUSEHOLDS
Total Households	18,076
Average Household Size	2.49
Family Households	12,022
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.

Princeton, NJ 08540 - Peer Comparisons by Rank and Percentile

The table below compares 08540 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	0.43%	0.53%
Households	0.42%	0.49%
Families	0.32%	0.49%
Median Household Income		1.7%
Per Capita Income		1.68%
Owner Occupied HU		0.55%

Variable Description	Rank	Percentile
Total Population	# 27	95th
Population Density	# 394	32nd
Median Household Income	# 80	86th
Housing Affordability Index	# 230	40th
Per Capita Income	# 67	89th
Diversity Index	# 157	73rd

08540 ZIP Code Profile, Map, Data & Demographics

ZIP Code 08540: Basic Data & USPS Preferred City Name

Princeton, NJ 08540 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Princeton, NJ 08540 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 08540

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