07042 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 07042 is White. The majority race/ethnicity attending public schools in 07042 is White. The current unemployment level in 07042 is 4.7%.
| Population | 26,945 |
| Population Growth Rate | 6.56% |
| Population Density | 7,201 People per Square Mile |
| Total Households | 10,097 |
| Percentage High Income Households | 13.1% |
| Median Household Income (2021) | $128,581 |
| Average Adjusted Gross Income (2021) | $750,890 |
| Current Unemployment Rate (May 2026) | 4.7% |
| Sales Tax Rate (2025) | 6.6% |
| Majority Race/Ethnicty | White - 50.82% |
| Public School Majority Race/Ethnicty | White - 50.78% |
07042 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 14,246 | 50.82% |
| Black | 8,788 | 31.35% |
| Hispanic | 3,342 | 11.92% |
| Asian | 1,657 | 5.91% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
07042 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 3,230 | 55.53% |
| Black | 1,397 | 24.02% |
| Hispanic | 847 | 14.56% |
| Asian | 332 | 5.71% |
| Native American | 6 | 0.1% |
| Hawaiian/Pac. Islander | 5 | 0.09% |
07042 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 457 | 2.79% |
| Bachelor Degree | 5,273 | 32.23% |
| High School Diploma | 2,497 | 15.26% |
| No High School Diploma | 291 | 1.78% |
| GED or Alternate | 413 | 2.52% |
| 1 or More Years of College | 1,892 | 11.56% |
| Associates Degree | 779 | 4.76% |
| Masters Degree | 3,088 | 18.87% |
| Professional Degree | 1,142 | 6.98% |
| Doctorate Degree | 529 | 3.23% |