CENSUS TRACT
Census Tract 416.04
New Jersey · Morris County · 5,454 residents · 2.179 sq mi
Notable rankings
#46lowest low poverty in NJ#728 US0.8%#100lowest low rent burden in NJ13.3%#170highest rent in NJ$2,709#295highest broadband in NJ98.2%TRACT SHAPE · Morris County, NJ
The short version
Census Tract 416.04 is significantly wealthier than the US average, with a median household income of $166,694. Population has held roughly steady since 2020. 67% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $621,900. Poverty is rare here, at 0.8% of residents.
At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.2
US median: 38.9
More educated
67% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01
Population & growth
Total population
5,454
+7%since 2020
from 5,112 in 2020
2020 – 2024
Population density
2,503 / sq mi
+7%since 2020
from 2,346 / sq mi in 2020
US average: 281
Median age
42.2
−4%since 2020
from 43.9 in 2020
US average: 38.9
Population, 2020 – 2024
20245K
Section 02
Income & economy
Median household income
$166,694
−8%inflation adjusted, since 2020
from $149,265 in 2020
US average: $82,259
2020 – 2024
Per capita income
$66,800
+13%since 2020
from $59,255 in 2020
US average: $44,673
Households earning $100K+
80.2%
+5.2 ptssince 2020
from 74.9% in 2020
US average: 53.3%
Poverty rate
0.8%
−0.4 ptssince 2020
from 1.2% in 2020
US average: 12.5%
Income inequality (Gini)
0.362
−12%since 2020
from 0.413 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade11%
Information7.8%
Other services7.4%
Finance & insurance6.3%
Professional, scientific, technical6.3%
Public administration5.6%
Transportation & warehousing4.8%
Wholesale trade1.6%
Arts, entertainment, food0.7%
Agriculture, forestry, fishing0%
Construction0%
Manufacturing0%
Education & health services0%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03
Housing
Median home value
$621,900
+5%inflation adjusted, since 2020
from $489,500 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$2,709
−21%inflation adjusted, since 2020
from $2,833 in 2020
US average: $1,442
Owner-occupied
90.0%
−5.2 ptssince 2020
from 95.2% in 2020
10.0% rent
Vacancy rate
1.4%
+1.4 ptssince 2020
from 0.0% in 2020
US average: 10.0%
Owner cost-burdened
29.1%
+1.7 ptssince 2020
from 27.4% in 2020
US average: 22.9%
Renter cost-burdened
13.3%
−18.8 ptssince 2020
from 32.1% in 2020
US average: 47.4%
Afford Score
3.7
+14%since 2020
from 3.3 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 416.04 on RentDataNow
Section 04
Race & ethnicity
2020
White, non-Hispanic57.9%(2,962)
Black1.4%(74)
Hispanic / Latino6.3%(323)
Asian30.4%(1,553)
Other3.9%(200)
Diversity Score70.8%(3,618)
2024
White, non-Hispanic53.7%(2,931)
Black1.5%(83)
Hispanic / Latino9.8%(535)
Asian25.3%(1,381)
Other9.6%(524)
Diversity Score78.5%(4,281)
Diversity Score
78
+11%since 2020
from 71 in 2020
2020 – 2024
Section 05
Education
Bachelor's degree or higher
67.2%
+2.3 ptssince 2020
from 64.9% in 2020
US average: 35.6%
High school or higher
96.4%
+3.1 ptssince 2020
from 93.3% in 2020
US average: 89.6%
Graduate degree
31.1%
+1.7 ptssince 2020
from 29.4% in 2020
US average: 14.0%
Section 06
Commute & transportation
Average commute
27.4 min
+5%since 2020
from 26.1 min in 2020
US average: 26.5
Drive alone to work
61.7%
−16.4 ptssince 2020
from 78.1% in 2020
US average: 68.9%
Carpooled to work
8.8%
+1.6 ptssince 2020
from 7.2% in 2020
US average: 8.5%
Public transit
0.7%
−1.5 ptssince 2020
from 2.1% in 2020
US average: 3.2%
Worked from home
24.8%
+15.0 ptssince 2020
from 9.9% in 2020
US average: 15.0%
Walked to work
0.9%
−1.0 ptssince 2020
from 1.9% in 2020
US average: 2.4%
Biked to work
0.0%
−0.4 ptssince 2020
from 0.4% in 2020
US average: 0.4%
No vehicle available
1.3%
+0.5 ptssince 2020
from 0.9% in 2020
US average: 8.3%
Section 07
Work & employment
Unemployment rate
3.6%
+0.9 ptssince 2020
from 2.7% in 2020
US average: 5.2%
Labor force participation
69.7%
+2.2 ptssince 2020
from 67.6% in 2020
US average: 63.5%
Self-employed
18.8%
+6.1 ptssince 2020
from 12.7% in 2020
US average: 13.1%
Management & professional
57.9%
+6.9 ptssince 2020
from 51.0% in 2020
US average: 42.5%
Section 08
People & community
Male
52.2%
+1.4 ptssince 2020
from 50.8% in 2020
Female
47.8%
−1.4 ptssince 2020
from 49.2% in 2020
Foreign born
29.6%
+2.2 ptssince 2020
from 27.4% in 2020
US average: 14.1%
Veterans
1.9%
−1.0 ptssince 2020
from 2.8% in 2020
US average: 6.2%
With a disability
6.0%
+0.3 ptssince 2020
from 5.7% in 2020
US average: 13.3%
Uninsured
0.0%
−0.6 ptssince 2020
from 0.6% in 2020
US average: 8.4%
Broadband at home
98.2%
+2.3 ptssince 2020
from 95.9% in 2020
US average: 91.0%
English only at home
69.3%
+1.5 ptssince 2020
from 67.8% in 2020
US average: 77.7%
Spanish at home
3.6%
−2.0 ptssince 2020
from 5.6% in 2020
US average: 13.6%
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Places similar to Census Tract 416.04Head to head
Compare Census Tract 416.04 to nearby tracts
CENSUS TRACT 416.04 VS
Census Tract 418.02
Income$119,205−28%
Home value$512,800−18%
Population5,294−3%
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CENSUS TRACT 416.04 VS
Census Tract 416.02
Income$106,189−36%
Home value$463,500−25%
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CENSUS TRACT 416.04 VS
Census Tract 416.06
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CENSUS TRACT 416.04 VS
Census Tract 423.02
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Frequently asked
How many people live in this census tract?
this census tract has about 5,454 residents according to the 2024 American Community Survey.
What is the median household income in this census tract?
The typical household in this census tract earns about $166,694 a year. Half of households make more than that, and half make less.
Is this census tract expensive?
In this census tract, the median home is worth about $621,900, and the typical rent is about $2,709 a month.
How educated are people in this census tract?
About 67.2% of adults age 25 and over in this census tract hold a bachelor's degree or higher.
What is the poverty rate in this census tract?
About 0.8% of people in this census tract live below the federal poverty line.
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Explore from here
Containing area
Morris CountyOther census tracts in Morris County
Census Tract 465Census Tract 408.03Census Tract 434.01Census Tract 451Census Tract 402Census Tract 448Census Tract 417.01Census Tract 401.02Census Tract 443Census Tract 415Census Tract 426.02Census Tract 462.01Census Tract 408.05Census Tract 461.10Census Tract 440Census Tract 458.04DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024