07031 can be classified socioeconomically as 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 07031 is White. The majority race/ethnicity attending public schools in 07031 is White. The current unemployment level in 07031 is 4.7%.
| Population | 16,352 |
| Population Growth Rate | 2.91% |
| Population Density | 6,359 People per Square Mile |
| Total Households | 5,972 |
| Percentage High Income Households | 6.2% |
| Median Household Income (2021) | $94,012 |
| Average Adjusted Gross Income (2021) | $338,200 |
| Current Unemployment Rate (May 2026) | 4.7% |
| Sales Tax Rate (2025) | 6.6% |
| Majority Race/Ethnicty | White - 64.86% |
| Public School Majority Race/Ethnicty | White - 52.02% |
07031 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 12,158 | 64.84% |
| Black | 420 | 2.24% |
| Hispanic | 5,078 | 27.08% |
| Asian | 1,086 | 5.79% |
| Native American | 3 | 0.02% |
| Hawaiian/Pac. Islander | 7 | 0.04% |
07031 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 978 | 52.69% |
| Black | 29 | 1.56% |
| Hispanic | 758 | 40.84% |
| Asian | 84 | 4.53% |
| Native American | 2 | 0.11% |
| Hawaiian/Pac. Islander | 5 | 0.27% |
07031 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 663 | 6.49% |
| Bachelor Degree | 2,334 | 22.86% |
| High School Diploma | 3,379 | 33.09% |
| No High School Diploma | 164 | 1.61% |
| GED or Alternate | 332 | 3.25% |
| 1 or More Years of College | 1,231 | 12.05% |
| Associates Degree | 663 | 6.49% |
| Masters Degree | 1,130 | 11.07% |
| Professional Degree | 114 | 1.12% |
| Doctorate Degree | 202 | 1.98% |