ZIP code 07042: income, home prices and cost of living

The median household income in ZIP 07042 is $130,329, which is 21% above the New Jersey median of $107,307 and 90% above the national figure. The typical home is valued at $673,900, and the median rent is $1,956/month. 51.2% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$130,329

New Jersey average
$107,30721%
National
$68,75090%

Median home value

$673,900

New Jersey average
$409,60065%
National
$209,600222%

Median gross rent

$1,956

New Jersey average
$1,66018%
National
$98499%

Median age

40.3 yrs

New Jersey average
41.9 yrs4%
National
41.0 yrs2%

Homeownership rate

51.2%

New Jersey average
76.4%33%
National
75.8%32%

Bachelor's degree or higher

34.4%

New Jersey average
26.9%28%
National
15.9%116%

How ZIP 07042 compares with New Jersey and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Homes in 07042 typically sell around $673,900. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in New Jersey

07041070430704007044070390704507047070360703507034

Or compare 07042 with 07041.

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What people search about ZIP 07042

Searches for the cost of living in 07042, the median household income in 07042, average rent in 07042 and home values in this part of New Jersey all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 07042, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.