07416 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 07416 is White. The majority race/ethnicity attending public schools in 07416 is White. The current unemployment level in 07416 is 4.7%.
| Population | 5,736 |
| Population Growth Rate | 0.42% |
| Population Density | 551 People per Square Mile |
| Total Households | 2,220 |
| Percentage High Income Households | 2% |
| Median Household Income (2021) | $80,264 |
| Average Adjusted Gross Income (2021) | $261,520 |
| Current Unemployment Rate (May 2026) | 4.7% |
| Sales Tax Rate (2025) | 6.6% |
| Majority Race/Ethnicity | White - 86.42% |
| Public School Majority Race/Ethnicity | White - 76.62% |
07416 Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 4,741 | 86.42% |
| Black | 129 | 2.35% |
| Hispanic | 607 | 11.06% |
| Asian | 9 | 0.16% |
| Native American | 0 | 0% |
| Hawaiian/Pac. Islander | 0 | 0% |
07416 Public School Race/Ethnicity Breakdown
| Race/Ethnicity | Total | Percentage |
|---|
| White | 603 | 78.31% |
| Black | 23 | 2.99% |
| Hispanic | 131 | 17.01% |
| Asian | 12 | 1.56% |
| Native American | 1 | 0.13% |
| Hawaiian/Pac. Islander | 0 | 0% |
07416 Educational Attainment Levels
| Highest Education Level | Total | Percentage |
|---|
| Less Than 1 Year of College | 362 | 9.66% |
| Bachelor Degree | 522 | 13.93% |
| High School Diploma | 1,636 | 43.65% |
| No High School Diploma | 67 | 1.79% |
| GED or Alternate | 142 | 3.79% |
| 1 or More Years of College | 531 | 14.17% |
| Associates Degree | 217 | 5.79% |
| Masters Degree | 213 | 5.68% |
| Professional Degree | 27 | 0.72% |
| Doctorate Degree | 31 | 0.83% |
