ZIP code 08505: income, home prices and cost of living
The median household income in ZIP 08505 is $106,986, which is 0% below the New Jersey median of $107,307 and 56% above the national figure. The typical home is valued at $341,600, and the median rent is $1,463/month. 71.3% of households own their home.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
Median household income
$106,986
- New Jersey average
- $107,307
- National
- $68,75056%
Median home value
$341,600
- New Jersey average
- $409,60017%
- National
- $209,60063%
Median gross rent
$1,463
- New Jersey average
- $1,66012%
- National
- $98449%
Median age
40.7 yrs
- New Jersey average
- 41.9 yrs3%
- National
- 41.0 yrs
Homeownership rate
71.3%
- New Jersey average
- 76.4%7%
- National
- 75.8%6%
Bachelor's degree or higher
26.7%
- New Jersey average
- 26.9%
- National
- 15.9%68%
How ZIP 08505 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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What people search about ZIP 08505
Searches for the cost of living in 08505, the median household income in 08505, average rent in 08505 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 08505
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Methodology
Figures describe ZIP Code Tabulation Area 08505, 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.