ZIP code 08016: income, home prices and cost of living
The median household income in ZIP 08016 is $88,691, which is 17% below the New Jersey median of $107,307 and 29% above the national figure. The typical home is valued at $286,600, and the median rent is $1,220/month. 73.8% of households own their home.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
Median household income
$88,691
- New Jersey average
- $107,30717%
- National
- $68,75029%
Median home value
$286,600
- New Jersey average
- $409,60030%
- National
- $209,60037%
Median gross rent
$1,220
- New Jersey average
- $1,66027%
- National
- $98424%
Median age
40.9 yrs
- New Jersey average
- 41.9 yrs2%
- National
- 41.0 yrs
Homeownership rate
73.8%
- New Jersey average
- 76.4%3%
- National
- 75.8%3%
Bachelor's degree or higher
23.0%
- New Jersey average
- 26.9%14%
- National
- 15.9%45%
How ZIP 08016 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.
Get a free review of your debt options
Household income in 08016 runs below the New Jersey median, which makes debt payments bite harder. A vetted specialist can walk you through the options.
Review my debt optionsNearby ZIP codes in New Jersey
Run your own numbers
See every local figure on the New Jersey money guide.
What people search about ZIP 08016
Searches for the cost of living in 08016, the median household income in 08016, average rent in 08016 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.
- cost of living in 08016
- median household income in 08016
- home values in 08016
- average rent in 08016
- property tax in 08016
- housing market in 08016
Methodology
Figures describe ZIP Code Tabulation Area 08016, 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.