07041 ZIP Code – Millburn, New Jersey

07041 is a ZIP code serving Millburn, New Jersey in Essex County with a population of approximately 7,412 residents. The median household income of $199,602 is well above the New Jersey average and well above the national average. Median home values of $941,800 are well above the national average, with 68.8% owner-occupied housing (decreasing). , with median rent coming in at $1,933 — well above the national figure. Housing consists of 64% single-family (decreasing), 18% apartments (increasing), 18% duplex/multi-family.

The unemployment rate is 6.3%, above the national average. An estimated 3.9% of the population falls below the poverty line, well below the national figure. Bachelor's degree attainment is 81.3%, well above the national average. Residents have a median age of 39.0, near the U.S. median. Neighboring ZIP codes include 07088, 07040, 07078.

ZIP Code 07041 Data

Population 7,412
Median Household Income $199,602
Median Home Value $941,800
Median Rent $1,933
Median Age 39.0
Unemployment Rate 6.3%
Poverty Rate 3.9%
Bachelor's Degree or Higher 81.3%
County Essex County
State New Jersey

ZIP 07041 vs. New Jersey vs. U.S.

MetricZIP 07041NJ Avg.U.S. Avg.
Population7,41215k10k
Median Household Income$199k$113k$73k
Median Home Value$941k$459k$258k
Median Rent$1,933$1,724$1,088
Median Age39.043.143.2
Unemployment Rate6.3%5.8%5.0%
Poverty Rate3.9%8.1%13.3%
Bachelor's Degree or Higher81.3%44.1%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
07088 VAUXHALL 3,056 $86,556
07040 MAPLEWOOD 25,384 $165,681
07078 SHORT HILLS 14,287 $250,000+
07081 SPRINGFIELD 17,011 $141,759
07083 UNION 56,900 $114,938