Compare ZIP 07940 vs 08833
Madison, NJ vs Lebanon, NJ — a detailed side-by-side comparison of demographics, income, housing, education, and employment.
Key Comparison Findings
- 1 07940 (Madison) has a $254 higher median household income.
- 2 Homes in 07940 cost 1.6x more than in 08833.
- 3 07940 has a more educated population (74.15% with bachelor's+).
- 4 08833 has a lower unemployment rate (5.64%).
- 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
08833
Lebanon, New Jersey
- Population
- 9,184
- Median Income
- $172,454
- Home Value
- $604,400
- Median Rent
- $1,932
Detailed Comparison Table
| Metric | 07940 Madison | 08833 Lebanon | Difference |
|---|---|---|---|
| Income | |||
| Median Household Income | $172,708 | $172,454 | +0.1% |
| Per Capita Income | $87,285 | $89,628 | -2.6% |
| Housing | |||
| Median Home Value | $940,900 | $604,400 | +55.7% |
| Median Rent | $2,251 | $1,932 | +16.5% |
| Demographics | |||
| Population | 17,610 | 9,184 | +91.7% |
| Median Age | 35.3 | 49.7 | -29.0% |
| Education | |||
| Employment | |||
| Unemployment Rate | 6.4% | 5.6% | +12.9% |
| Other | |||
| Mean Household Income | $263,789 | $224,888 | +17.3% |
| Below Poverty | 3.2% | 1.6% | +104.5% |
| Bachelor's or Higher | 74.2% | 60.6% | +22.4% |
| Owner Occupied | 64.0% | 87.7% | -27.0% |
| Work from Home | 27.5% | 27.2% | +1.1% |
| Avg Commute (min) | N/A | N/A | — |
| Cost of Living Index | 276.7 | 193.9 | +42.7% |
Visual Comparison
Values normalized to a 0–100 scale for visual comparison. Higher is not always better.
Frequently Asked Questions
ZIP code 07940 (Madison, NJ) has a higher median household income of $172,708 compared to $172,454 in 08833 (Lebanon, NJ).
ZIP code 08833 (Lebanon, NJ) has more affordable housing with a median home value of $604,400 compared to $940,900 in 07940.
ZIP code 07940 has a population of 17,610 while 08833 has 9,184 residents, a difference of 8,426 people.