07940 Zip Code

April 19, 2024

Zip Code:	07940
City/Town:	Madison
State:	New Jersey

Population:	17,278
Per Capita Income:	$46,418
Mean Household Income:	$133,965

Total Housing Units:	5,514
Median Home Value:	$362,700
Median Year Homes Built:	1953

Land Area:	4.7 sq miles 12.0 sq kilometers
Water Area:	0.0 sq miles 0.1 sq kilometers

Population Information (07940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

17,278

Male:

8,151

47.2%

49.2%

Female:

9,127

52.8%

50.8%

Median Age:

34.4 yrs

37.2 yrs

Under 5 years:

942

5.5%

6.5%

5 to 9 years:

1,115

12.0%

6.6%

10 to 19 years:

3,152

18.2%

13.8%

20 to 29 years:

2,757

16.0%

13.8%

30 to 39 years:

1,775

10.3%

13.0%

40 to 49 years:

2,556

14.8%

14.2%

50 to 59 years:

2,047

11.8%

13.6%

60 to 69 years:

1,216

7.0%

9.4%

70 to 79 years:

867

5.0%

5.4%

80 years and over:

851

4.9%

3.7%

Housing Information (07940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$362,700

$119,600

Median year homes build:

1953

1971

Median real estate taxes:

$5,546 / yr.

$1,334 / yr.

Median rent:

$960 / mo.

$519 / mo.

Total households:

5,514

Family households:

3,695

67.0%

66.4%

Nonfamily households:

1,819

33.0%

33.6%

Households with individuals under 18 years:

1,975

35.8%

33.4%

Households with individuals 65 years and over:

1,513

27.4%

24.9%

Average household size:

2.6

Average family size:

3.2

Total housing units:

5,805

Occupied housing units:

5,514

95.0%

88.6%

Vacant housing units:

291

5.0%

11.4%

For rent:

110

1.9%

3.1%

Rented, not occupied:

0.2%

For sale only:

0.6%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.9%

3.5%

All other vacants:

1.1%

2.8%

Homeowner vacancy rate:

0.9%

2.4%

Rental vacancy rate:

5.5%

9.2%

Owner-occupied housing units:

3,620

Population in owner-occupied housing units:

10,378

Average household size of owner-occupied units:

2.9

2.65

Renter-occupied housing units:

1,894

Population in renter-occupied housing units:

3,826

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (07940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

10,190

Less than 9th grade:

383

3.8%

6.2%

9th to 12th grade, no diploma:

550

5.4%

8.7%

High school graduate (includes equivalency):

1,779

17.5%

29.0%

Some college, no degree:

1,266

12.4%

20.6%

Associate degree:

423

4.2%

7.5%

Bachelor's degree:

3,137

30.8%

17.6%

Graduate or professional degree:

2,652

26.0%

10.3%

Percent high school graduate or higher:

90.8%

85.0%

Percent bachelor's degree or higher:

56.8%

27.9%

Income Information (07940 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

5,976

34.6%

50.4%

Median income:

$44,391 / yr.

$27,932 / yr.

Full-time, year-round workers:

3,242

18.8%

59.7%

Median income:

$67,949 / yr.

$38,349 / yr.

Females 15 years and over with income:

6,216

36.0%

49.6%

Median income:

$20,460 / yr.

$16,327 / yr.

Full-time, year-round workers:

1,891

10.9%

40.3%

Median income:

$45,153 / yr.

$28,135 / yr.

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