07023 can be classified socioeconomically as Upper Middle Class class compared to other ZIP Codes in New Jersey based on Median Household Income and Average Adjusted Gross Income. The majority race/ethnicity residing in 07023 is White. The current unemployment level in 07023 is 5.7%.
| Population | 7,723 |
| Population Growth Rate | 1.03% |
| Population Density | 5,678 People per Square Mile |
| Total Households | 2,447 |
| Percentage High Income Households | 12.3% |
| Median Household Income (2021) | $178,311 |
| Average Adjusted Gross Income (2020) | $135,760 |
| Current Unemployment Rate (April 2024) | 5.7% |
| Majority Race/Ethnicty | White - 79.53% |
07023 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 6,057 | 79.53% |
| Black | 372 | 4.88% |
| Hispanic | 677 | 8.89% |
| Asian | 510 | 6.7% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
07023 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 218 | 4.63% |
| Bachelor Degree | 1,750 | 37.14% |
| High School Diploma | 776 | 16.47% |
| No High School Diploma | 43 | 0.91% |
| GED or Alternate | 100 | 2.12% |
| 1 or More Years of College | 498 | 10.57% |
| Associates Degree | 280 | 5.94% |
| Masters Degree | 773 | 16.4% |
| Professional Degree | 144 | 3.06% |
| Doctorate Degree | 130 | 2.76% |