Zip code 07940: Madison, New Jersey

Q: What city is zip code 07940?

07940 is assigned to Madison, New Jersey. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 07940 in?

07940 is in Morris County, New Jersey.

Q: What is the population of 07940?

About 17,610 people live in 07940, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 07940?

The median household income in 07940 is $172,708.

Q: What zip codes are near 07940?

The closest zip codes to 07940 are 07961, 07932, 07935, 07928, 07976.

Residential delivery areaMorris CountyEastern Time

Population

17,610

Median household income

$173K

U.S. $81K

Median home value

$941K

U.S. $333K

Median rent

$2,251/mo

U.S. $1,413

Median age

35.3

U.S. 38.9

Land area

4.9 sq mi

3,584 people/sq mi

Boundary is the Census Bureau's ZIP Code Tabulation Area, which closely tracks the postal delivery area.

About 07940

07940 is an urban zip code in Madison, New Jersey (Morris County), covering 4.9 sq mi of land. About 17,610 people live here, or 3,584 per square mile. The median resident is 35.3 years old, compared with 38.9 nationally.

The median household earns $172,708 a year, about 2.1× the national median of $80,734. 3.2% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $940,900, or 5.4 years of median household income (U.S.: 4.1 years), which makes homes relatively expensive for local earners. 64% of occupied homes are lived in by their owners, and renters pay a median of $2,251 a month.

74% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 27 minutes each way, and 28% of workers work from home. The most common jobs among working residents are in management; business and finance; and education. 23% of households speak a language other than English at home, most often Spanish.

How 07940 compares

Sorted from highest to lowest national percentile

Median household income$172,708
97th
StrengthU.S. $80,734 · NJ $103,55683rd of 566 in NJ
Bachelor's degree or higher74.2%
97th
StrengthU.S. 35.7% · NJ 43.6%43rd of 580 in NJ
Per capita income$87,285
96th
StrengthU.S. $44,673 · NJ $54,25368th of 579 in NJ
Median home value$940,900
95th
U.S. $332,700 · NJ $454,40036th of 563 in NJ
Income inequality (Gini)0.520
93rd
WeaknessU.S. 0.483 · NJ 0.47829th of 574 in NJ
Work from home27.5%
92nd
U.S. 15.1% · NJ 16.8%72nd of 577 in NJ
Median gross rent$2,251
91st
U.S. $1,413 · NJ $1,72086th of 517 in NJ
Median earnings per worker$74,514
90th
StrengthU.S. $49,666 · NJ $60,474196th of 575 in NJ
Tech workers5.4%
82nd
U.S. 3.8% · NJ 4.8%150th of 578 in NJ
Broadband access95.6%
81st
StrengthU.S. 91% · NJ 92.8%213th of 576 in NJ
Unemployment rate6.4%
73rd
U.S. 5.2% · NJ 6.3%196th of 578 in NJ
Population density3,584/sq mi
72nd
U.S. 95/sq mi · NJ 1,270/sq mi182nd of 580 in NJ
Foreign-born residents14.3%
63rd
U.S. 14.1% · NJ 23.9%287th of 580 in NJ
Rent-burdened renters53.3%
60th
U.S. 51.1% · NJ 51.6%250th of 553 in NJ
Average commute27 min
56th
U.S. 26.4 min · NJ 30.5 min421st of 563 in NJ
Residents under 1821.7%
46th
U.S. 22% · NJ 21.8%234th of 580 in NJ
Diversity index45.1
44th
U.S. 61.4 · NJ 66.4313th of 580 in NJ
Homeownership rate64%
39th
U.S. 65.2% · NJ 63.8%416th of 576 in NJ
Self-employed workers7.9%
31st
U.S. 10% · NJ 8.9%347th of 578 in NJ
Population17,610
27th
U.S. 334,922,499 · NJ 9,343,809198th of 580 in NJ
Median age35.3
23rd
U.S. 38.9 · NJ 40.1526th of 579 in NJ
Residents 65 and older12.6%
21st
U.S. 17.2% · NJ 17.2%511th of 580 in NJ
Government workers10.3%
21st
U.S. 14.5% · NJ 14.3%473rd of 578 in NJ
Uninsured rate3.3%
15th
StrengthU.S. 8.4% · NJ 7.5%349th of 579 in NJ
Veterans2.7%
12th
U.S. 6.2% · NJ 3.7%418th of 580 in NJ
Housing vacancy2.9%
10th
U.S. 10.1% · NJ 7.5%379th of 576 in NJ
Poverty rate3.2%
3rd
StrengthU.S. 12.5% · NJ 9.7%450th of 579 in NJ
Healthcare workers3.4%
1st
U.S. 9.7% · NJ 9.2%546th of 578 in NJ

Measure	07940	Morris	NJ	U.S.	National percentile	Rank in NJ
Median household incomeStrength	$172,708	$137,326	$103,556	$80,734	97th	83rd of 566
Bachelor's degree or higherStrength	74.2%	57.8%	43.6%	35.7%	97th	43rd of 580
Per capita incomeStrength	$87,285	$71,044	$54,253	$44,673	96th	68th of 579
Median home value	$940,900	$582,500	$454,400	$332,700	95th	36th of 563
Income inequality (Gini)Weakness	0.520	0.458	0.478	0.483	93rd	29th of 574
Work from home	27.5%	21.8%	16.8%	15.1%	92nd	72nd of 577
Median gross rent	$2,251	$1,904	$1,720	$1,413	91st	86th of 517
Median earnings per workerStrength	$74,514	$76,017	$60,474	$49,666	90th	196th of 575
Tech workers	5.4%	5.8%	4.8%	3.8%	82nd	150th of 578
Broadband accessStrength	95.6%	95.2%	92.8%	91%	81st	213th of 576
Unemployment rate	6.4%	5.2%	6.3%	5.2%	73rd	196th of 578
Population density	3,584/sq mi	1,116/sq mi	1,270/sq mi	95/sq mi	72nd	182nd of 580
Foreign-born residents	14.3%	19.8%	23.9%	14.1%	63rd	287th of 580
Rent-burdened renters	53.3%	45.2%	51.6%	51.1%	60th	250th of 553
Average commute	27 min	29.8 min	30.5 min	26.4 min	56th	421st of 563
Residents under 18	21.7%	20.6%	21.8%	22%	46th	234th of 580
Diversity index	45.1	52.8	66.4	61.4	44th	313th of 580
Homeownership rate	64%	74.3%	63.8%	65.2%	39th	416th of 576
Self-employed workers	7.9%	9.8%	8.9%	10%	31st	347th of 578
Population	17,610	514,528	9,343,809	334,922,499	27th	198th of 580
Median age	35.3	42.6	40.1	38.9	23rd	526th of 579
Residents 65 and older	12.6%	18.2%	17.2%	17.2%	21st	511th of 580
Government workers	10.3%	13.4%	14.3%	14.5%	21st	473rd of 578
Uninsured rateStrength	3.3%	4.7%	7.5%	8.4%	15th	349th of 579
Veterans	2.7%	3.4%	3.7%	6.2%	12th	418th of 580
Housing vacancy	2.9%	3.1%	7.5%	10.1%	10th	379th of 576
Poverty rateStrength	3.2%	4.9%	9.7%	12.5%	3rd	450th of 579
Healthcare workers	3.4%	8.3%	9.2%	9.7%	1st	546th of 578

The percentile is the share of Americans who live in a zip code with a lower value, so the 50th percentile is typical. Rank 1 is the highest value in the state. Both include zip codes with at least 100 residents. Strengths and weaknesses mark measures in the best or worst fifth nationally, where higher or lower is clearly better (income, poverty, education, commute, broadband, insurance and similar). Measures like age or density are left unmarked.

People

Age

Under 5

16%

5–17

19%

18–24

25–34

11%

35–44

13%

45–54

13%

55–64

65–74

75+

Median age

35.3

Under 18

21.7%

65 and over

12.6%

Race and ethnicity

White72%
Black2%
Hispanic14%
Asian6%
Native American0.0%
Pacific Islander0.1%
Other0.4%
Multiracial5%

Diversity index

45.1

U.S. 61.4

Foreign-born

14.3%

U.S. 14.1%

Born in state

50.3%

Language spoken at home (households)

English only

77%

Spanish

Other Indo-European

Asian / Pacific

Other

0.5%

Households

Households: 5,653
Average household size: 2.7
Family households: 68.3%
Married couples: 59.6%
Living alone: 25.7%
Veterans (of adults): 2.7%
Male / female: 48% / 52%

Income and poverty

Household income distribution

<$25k

$25–50k

$50–75k

$75–100k

$100–150k

16%

$150–200k

13%

$200k+

43%

Median household income

07940

$172,708

Morris Co.

$137,326

New Jersey

$103,556

United States

$80,734

Per capita income

$87,285

U.S. $44,673

Poverty rate

3.2%

U.S. 12.5%

Households earning $150K+

55.7%

U.S. 23%

Income inequality (Gini)

0.520

U.S. 0.483

Housing

Median home value

07940

$940,900

Morris Co.

$582,500

New Jersey

$454,400

United States

$332,700

Median gross rent

07940

$2,251

Morris Co.

$1,904

New Jersey

$1,720

United States

$1,413

Types of housing

Single-family

70%

2–4 units

15%

5–19 units

20+ units

Mobile home

Boat, RV, van

Housing units: 5,820
Owner-occupied: 64%
Vacant: 2.9%
Median year built: 1961
Median rooms: 7
Renters paying 30%+ of income: 53.3%
Renters paying 50%+ of income: 25.2%
Home value to income: 5.4× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

51%

Carpooled

Transit

Walked

Bicycle

0.5%

Worked from home

27%

Other

Commute time (one way)

<10 min

22%

10–19

27%

20–29

14%

30–44

18%

45–59

60+

13%

Average commute

27 min

U.S. 26.4 min

Unemployment

6.4%

U.S. 5.2%

In labor force

65.7%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Management

19%

Business and finance

12%

Education

12%

Sales

11%

Office and admin

Computer and math

Food service

Engineering and science

Arts, media and sports

Legal and social services

Transportation and moving

Healthcare

Production

Cleaning and personal care

Construction and repair

Police and fire

Farming, fishing and forestry

Industries

Finance, insurance and real estate

17%

Education

15%

Professional and technical services

14%

Retail

10%

Manufacturing

Health care and social assistance

Restaurants and hotels

Public administration

Other services

Arts and recreation

Information

Transportation, warehousing and utilities

Admin, support and management

Construction

Wholesale

Agriculture and mining

Median earnings per worker

$74,514

U.S. $49,666

Self-employed

7.9%

U.S. 10%

Government workers

10.3%

U.S. 14.5%

Nonprofit workers

9.4%

U.S. 8.8%

Median earnings by type of work

Type of work	07940	U.S.
Management, business, science and arts	$114,470	$74,888
Service	$24,404	$26,804
Sales and office	$46,346	$40,476
Construction and maintenance	$70,513	$49,199
Production and transportation	$35,186	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

High school

13%

Some college

Associate's

Bachelor's

42%

Graduate

32%

High school graduate or higher: 97.1%
Bachelor's degree or higher: 74.2%
Graduate or professional degree: 32.4%
Households with broadband: 95.6%
Cable, fiber or DSL: 87%
No internet access: 3.3%
Without health insurance: 3.3%
Limited-English households: 3.2%

Geography

City (USPS): Madison
State: New Jersey
County: Morris County
Center point: 40.7605° N, 74.4195° W
Land area: 4.9 sq mi
Water area: under 0.1 sq mi
Time zone: Eastern Time (UTC-5, UTC-4 in summer)
Zip type: Residential delivery area

Cities and towns within this zip

Madison88% of zip
Florham Park7% of zip

Census places overlapping the zip's area. Mail may use a different city name than the municipality.

Zip codes near 07940

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
07961	Convent Station, NJ	1.6 mi	333	—	—
07932	Florham Park, NJ	1.8 mi	11,977	$156,458	$791,100
07935	Green Village, NJ	2.4 mi	584	$106,979	$676,100
07928	Chatham, NJ	2.5 mi	19,974	$220,982	$1,024,100
07976	New Vernon, NJ	3.9 mi	389	$247,697	$1,750,000
07963	Morristown, NJ · PO box	4.1 mi	—	—	—
07901	Summit, NJ	4.2 mi	24,314	$179,701	$987,900
07902	Summit, NJ · PO box	4.2 mi	—	—	—
07981	Whippany, NJ	4.4 mi	9,030	$149,893	$614,100
07960	Morristown, NJ	4.5 mi	46,702	$160,334	$735,600
07974	New Providence, NJ	4.5 mi	13,349	$172,894	$758,400
07927	Cedar Knolls, NJ	4.8 mi	4,882	$170,400	$646,700

Zip codes like 07940 elsewhere

Matched on income, home values, age, density, education, housing and commuting

Questions about 07940

What city is zip code 07940?

07940 is assigned to Madison, New Jersey. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 07940 in?

07940 is in Morris County, New Jersey.

What is the population of 07940?

About 17,610 people live in 07940, according to the Census Bureau's American Community Survey.

What time zone is 07940 in?

07940 is in Eastern Time.

What is the median household income in 07940?

The median household income in 07940 is $172,708.

What zip codes are near 07940?

The closest zip codes to 07940 are 07961, 07932, 07935, 07928, 07976.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 07940, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.