ZIP Code 07940 — Madison, NJ

Morris | 2024 Census Data

Key Takeaway

ZIP code 07940 in Madison, NJ has a population of 17,610 with a median household income of $172,708 and a median home value of $940,900 . The cost of living index is 276.7 (national average = 100).

Population & Age

Total Population
17,610
Median Age
35.30
Male
8,419
Female
9,191

Race & Ethnicity

White
74.5%
Black
2.7%
Hispanic
13.5%
Asian
6.3%
Native American
0.2%
Pacific Islander
0.1%
Two or More
13.6%
Other
2.7%

Income

Median Household
$172,708
Mean Household
$263,789
Per Capita
$87,285
Below Poverty
3.2%

Housing

Median Home Value
$940,900
Median Rent
$2,251
Total Units
5,820
Occupied
5,653
Owner Occupied
64.0%
Renter Occupied
36.0%
Median Year Built
1961
Vacant
167

Education

High School or Higher 97.1%
Bachelor's or Higher 74.2%
Graduate Degree 32.4%

Employment & Commuting

Labor Force
9,368
Unemployment
6.4%
Drive Alone
50.6%
Public Transit
7.7%
Work from Home
27.5%
Avg Commute
N/A

Cost of Living Index

276.7
National average = 100. Above average by 176.6%.

Nearby ZIP Codes

07932
Florham park
1.7 mi
07961
Morristown
1.8 mi
07935
Green village
1.9 mi
07976
New vernon
3.4 mi
07928
Chatham
3.9 mi
07974
New providence
4.3 mi
07980
Stirling
4.4 mi
07960
Morristown
4.5 mi
07901
Summit
4.5 mi
07981
Whippany
4.5 mi
07927
Cedar knolls
4.7 mi
07078
Short hills
4.8 mi

Compare This ZIP Code

Frequently Asked Questions

What is the population of ZIP code 07940?

ZIP code 07940 (Madison, NJ) has a total population of 17,610 according to the 2024 American Community Survey.

What is the median household income in ZIP code 07940?

The median household income in ZIP code 07940 is $172,708 per year, based on 2024 Census Bureau data.

What city is ZIP code 07940 in?

ZIP code 07940 is primarily located in Madison, New Jersey (NJ).

What is the median home value in ZIP code 07940?

The median home value in ZIP code 07940 is $940,900, based on the 2024 American Community Survey 5-year estimates.

What is the median age in ZIP code 07940?

The median age in ZIP code 07940 is 35.30 years, compared to the national median of 38.9 years.