08558 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Somerset County
Centroid: Latitude 40.416, Longitude -74.695
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 08558 has segments in 2 Counties (Mercer, Somerset).

Businesses Addresses: 294
PO Box Addresses: 61
Residential Addresses: 2,895

Multi-Family Addresses: 126
Single Family Addresses: 2,769

Foreclosures in NJ 08558

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Skillman, NJ 08558 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	8,092 (100%)
Population in Households	7,998 (98.8%)
Population in Families	7,364 (91.0%)
Population in Group Quarters¹	94 ( 1.2%)
Population Density	466
Diversity Index²	63


INCOME
Median Household Income	$200,001
Average Household Income	$297,227
% of Income for Mortgage⁴	19%
Per Capita Income	$97,691
Wealth Index⁵	408

HOUSING
Total HU (Housing Units)	2,848 (100%)
Owner Occupied HU	2,465 (86.6%)
Renter Occupied HU	191 ( 6.7%)
Vacant Housing Units	192 ( 6.7%)
Median Home Value	$721,132
Average Home Value	$747,222
Housing Affordability Index³	131

HOUSEHOLDS
Total Households	2,656
Average Household Size	3.01
Family Households	2,194
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.

Skillman, NJ 08558 - Peer Comparisons by Rank and Percentile

The table below compares 08558 to the other 577 ZIP Codes in New Jersey by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	1.20%	0.13%
Households	1.14%	0.14%
Families		0.14%
Median Household Income		0.00%
Per Capita Income		2.29%
Owner Occupied HU		0.23%

Variable Description	Rank	Percentile
Total Population	# 350	40th
Population Density	# 456	21st
Median Household Income	# 20	99th
Housing Affordability Index	# 460	80th
Per Capita Income	# 16	97th
Diversity Index	# 223	62nd

08558 ZIP Code Profile, Map, Data & Demographics

ZIP Code 08558: Basic Data & USPS Preferred City Name

Skillman, NJ 08558 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Skillman, NJ 08558 - Peer Comparisons by Rank and Percentile

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