07078 can be classified socioeconomically as Upper 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 07078 is White. The majority race/ethnicity attending public schools in 07078 is Asian. The current unemployment level in 07078 is 4.7%.
| Population | 14,287 |
| Population Growth Rate | 9.07% |
| Population Density | 1,911 People per Square Mile |
| Total Households | 3,942 |
| Percentage High Income Households | 59.6% |
| Median Household Income (2021) | $250,001 |
| Average Adjusted Gross Income (2021) | $1,667,850 |
| Current Unemployment Rate (May 2026) | 4.7% |
| Sales Tax Rate (2025) | 6.6% |
| Majority Race/Ethnicty | White - 57.47% |
| Public School Majority Race/Ethnicty | Asian - 48.61% |
07078 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 7,933 | 57.29% |
| Black | 187 | 1.35% |
| Hispanic | 602 | 4.35% |
| Asian | 5,081 | 36.69% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 45 | 0.32% |
07078 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 436 | 41.33% |
| Black | 15 | 1.42% |
| Hispanic | 44 | 4.17% |
| Asian | 559 | 52.99% |
| Native American | 1 | 0.09% |
| Hawaiian/Pac. Islander | 0 | 0% |
07078 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 109 | 1.4% |
| Bachelor Degree | 2,842 | 36.39% |
| High School Diploma | 369 | 4.72% |
| No High School Diploma | 35 | 0.45% |
| GED or Alternate | 11 | 0.14% |
| 1 or More Years of College | 323 | 4.14% |
| Associates Degree | 130 | 1.66% |
| Masters Degree | 2,057 | 26.34% |
| Professional Degree | 1,491 | 19.09% |
| Doctorate Degree | 443 | 5.67% |