07940 ZIP Code – Madison, New Jersey

Located in Madison, New Jersey, ZIP code 07940 is a mid-sized ZIP code within Morris County with a population of approximately 17,798 residents. The median household income of $163,643 is above the New Jersey average and well above the national average. Median home values of $845,500 are well above the national average, with 64.0% owner-occupied housing (decreasing). , and the median rent of $2,168 is well above the national average. Housing consists of 70% single-family (decreasing), 15% apartments (stable), 15% duplex/multi-family.

At 6.8%, the unemployment rate is above the national figure. About 2.8% of residents live below the poverty line, well below the national rate. 70.7% of adults hold a bachelor's degree or higher, well above the U.S. average. The population has a median age of 35.2, below the national median. ZIP codes in the surrounding area include 07961, 07932, 07928.

ZIP Code 07940 Data

Population 17,798

Median Household Income $163,643

Median Home Value $845,500

Median Rent $2,168

Median Age 35.2

Unemployment Rate 6.8%

Poverty Rate 2.8%

Bachelor's Degree or Higher 70.7%

County Morris County

State New Jersey

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ZIP 07940 vs. New Jersey vs. U.S.

Metric	ZIP 07940	NJ Avg.	U.S. Avg.
Population	17k	15k	10k
Median Household Income	$163k	$113k	$73k
Median Home Value	$845k	$459k	$258k
Median Rent	$2,168	$1,724	$1,088
Median Age	35.2	43.1	43.2
Unemployment Rate	6.8%	5.8%	5.0%
Poverty Rate	2.8%	8.1%	13.3%
Bachelor's Degree or Higher	70.7%	44.1%	26.9%

Demographics Charts

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Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code	City	Population	Median Income
07961	CONVENT STATION	343	Not provided
07932	FLORHAM PARK	10,941	$140,602
07928	CHATHAM	19,559	$223,547
07935	GREEN VILLAGE	472	$143,250
07976	NEW VERNON	355	Not provided