Compare ZIP 07940 vs 07974
Madison, NJ vs New Providence, NJ — a detailed side-by-side comparison of demographics, income, housing, education, and employment.
Key Comparison Findings
- 1 07974 (New providence) has a $186 higher median household income.
- 2 Homes in 07940 cost 1.2x more than in 07974.
- 3 07940 has a more educated population (74.15% with bachelor's+).
- 4 07974 has a lower unemployment rate (4.37%).
- 5 07940 is more populous with 17,610 residents.
ZIP Code Profiles
07940
Madison, New Jersey
- Population
- 17,610
- Median Income
- $172,708
- Home Value
- $940,900
- Median Rent
- $2,251
07974
New Providence, New Jersey
- Population
- 13,349
- Median Income
- $172,894
- Home Value
- $758,400
- Median Rent
- $1,993
Detailed Comparison Table
| Metric | 07940 Madison | 07974 New Providence | Difference |
|---|---|---|---|
| Income | |||
| Median Household Income | $172,708 | $172,894 | -0.1% |
| Per Capita Income | $87,285 | $86,182 | +1.3% |
| Housing | |||
| Median Home Value | $940,900 | $758,400 | +24.1% |
| Median Rent | $2,251 | $1,993 | +12.9% |
| Demographics | |||
| Population | 17,610 | 13,349 | +31.9% |
| Median Age | 35.3 | 45.8 | -22.9% |
| Education | |||
| Employment | |||
| Unemployment Rate | 6.4% | 4.4% | +45.8% |
| Other | |||
| Mean Household Income | $263,789 | $224,203 | +17.7% |
| Below Poverty | 3.2% | 2.0% | +60.5% |
| Bachelor's or Higher | 74.2% | 71.6% | +3.6% |
| Owner Occupied | 64.0% | 82.1% | -22.1% |
| Work from Home | 27.5% | 27.3% | +0.6% |
| Avg Commute (min) | N/A | N/A | — |
| Cost of Living Index | 276.7 | 229.0 | +20.8% |
Visual Comparison
Values normalized to a 0–100 scale for visual comparison. Higher is not always better.
Frequently Asked Questions
ZIP code 07974 (New providence, NJ) has a higher median household income of $172,894 compared to $172,708 in 07940 (Madison, NJ).
ZIP code 07974 (New providence, NJ) has more affordable housing with a median home value of $758,400 compared to $940,900 in 07940.
ZIP code 07940 has a population of 17,610 while 07974 has 13,349 residents, a difference of 4,261 people.