08723 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 08723 is White. The majority race/ethnicity attending public schools in 08723 is White. The current unemployment level in 08723 is 4.7%.
| Population | 32,430 |
| Population Growth Rate | 0.51% |
| Population Density | 2,240 People per Square Mile |
| Total Households | 12,702 |
| Percentage High Income Households | 5.1% |
| Median Household Income (2021) | $92,434 |
| Average Adjusted Gross Income (2021) | $372,600 |
| Current Unemployment Rate (May 2026) | 4.7% |
| Sales Tax Rate (2025) | 6.6% |
| Majority Race/Ethnicty | White - 83.37% |
| Public School Majority Race/Ethnicty | White - 67.88% |
08723 Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 28,615 | 83.37% |
| Black | 732 | 2.13% |
| Hispanic | 4,549 | 13.25% |
| Asian | 327 | 0.95% |
| Native American | 101 | 0.29% |
| Hawaiian/Pac. Islander | 0 | 0% |
08723 Public School Race/Ethnicty Breakdown
| Race/Ethnicty | Total | Percentage |
|---|
| White | 2,762 | 69.29% |
| Black | 142 | 3.56% |
| Hispanic | 969 | 24.31% |
| Asian | 106 | 2.66% |
| Native American | 2 | 0.05% |
| Hawaiian/Pac. Islander | 5 | 0.13% |
08723 Educational Attainment Levels
| Highest Education Level Attained | Total | Percentage |
|---|
| Less Than 1 Year of College | 1,736 | 8.47% |
| Bachelor Degree | 3,462 | 16.89% |
| High School Diploma | 7,603 | 37.09% |
| No High School Diploma | 418 | 2.04% |
| GED or Alternate | 1,039 | 5.07% |
| 1 or More Years of College | 3,094 | 15.09% |
| Associates Degree | 1,560 | 7.61% |
| Masters Degree | 1,246 | 6.08% |
| Professional Degree | 169 | 0.82% |
| Doctorate Degree | 172 | 0.84% |