07940 ZIP Code — Madison, NJ

Morris County, New Jersey

ZIP code 07940 is located in Madison, New Jersey, within Morris County. It covers approximately 4.91 square miles and serves a population of 17,798 residents. This is a standard ZIP code in the Eastern (ET) timezone, served by area code 973/862.

About ZIP code 07940

The housing stock consists of a mix of housing types. Most homes were built in the pre-1940, giving the area an established character. Median home value is $845,500. Owner-occupancy sits near the national average at 64%.

The gap between median ($163,643) and mean household income suggests income inequality — a small number of higher earners pull the average up. The poverty rate of 4% is below the national average.

The dominant occupation class is management, business, and professional, with education and healthcare as the leading industry. The average commute of 26 minutes is near the national average. Remote work is prevalent — 22% of workers work from home.

Educational attainment is high — 71% of residents hold a bachelor's degree or higher, well above the national average of 33%.

Overall, ZIP code 07940 reflects a community defined by a highly educated population and a high rate of remote workers.

17,798

population

4.91

sq mi land

Standard

ZIP type

Eastern (ET)

timezone

07940 ZIP code map

Cities in ZIP code 07940

Below are the cities the US Postal Service accepts for ZIP code 07940. Using any city not on this list may result in mail delivery delays.

City	Status
Madison	Preferred

Nearby ZIP codes

07932 Florham Park (1.5 mi) 07935 Green Village (2.3 mi) 07928 Chatham (2.7 mi) 07976 New Vernon (3.5 mi) 07960 Morristown (4.2 mi) 07974 New Providence (4.3 mi) 07901 Summit (4.4 mi) 07078 Short Hills (4.8 mi) 07927 Cedar Knolls (4.8 mi) 07933 Gillette (5 mi) 07936 East Hanover (5.1 mi) 07039 Livingston (5.1 mi)

Demographics updated 05/2026

Population
Total population	17,798
Population density	3,625 / sq mi
State FIPS	34
County FIPS	027

Geography
Land area	4.91 sq mi
Water area	0.02 sq mi
Latitude	40.7583
Longitude	-74.4201
Timezone	Eastern (ET)
Area code	973/862

Total population by age

Gender

Race & ethnicity

Economics updated 05/2026

Household income

Income range	This ZIP	County avg	State avg
Under $50k	16.6%	19.3%	30.2%
$50k – $100k	16.4%	23.7%	26.7%
$100k – $200k	31.0%	32.6%	28.3%
Over $200k	36.0%	24.4%	14.8%

Demographics & statistics

17,798

Population

3,625

People per sq mi

34.5

Median age

$163,643

Median household income

$77,199

Per capita income

$845,500

Median home value

$2,168

Median monthly rent

63.7%

Home ownership

3.5%

Poverty rate

6.8%

Unemployment

3,757

Housing units

71.1%

Bachelor's or higher

Age distribution

Male Female

438

Under 5

457

520

5–9

542

555

10–14

579

896

15–19

933

1,133

20–24

1,180

865

25–34

902

912

35–44

951

1,146

45–54

1,193

683

55–59

711

463

60–64

482

618

65–74

643

344

75–84

359

144

85+

149

← Male

Female →

Age summary

Group	Count	%
Under 18	3,727	20.9%
18 and over	14,071	79.1%
65 and over	2,257	12.7%
Median age	34.5 years

Race & ethnicity

White 72.9%

Two or more races 9.2%

Hispanic or Latino 8.1%

Asian 5.5%

Black or African American 2.6%

Other race 1.7%

American Indian / Alaska Native 0.1%

Group	Count	%
White	14,122	72.9%
Two or more races	1,774	9.2%
Hispanic or Latino	1,567	8.1%
Asian	1,062	5.5%
Black or African American	495	2.6%
Other race	324	1.7%
American Indian / Alaska Native	13	0.1%

Household income

Income range	This ZIP	County avg	State avg
Under $50k	16.6%	19.3%	30.2%
$50k – $100k	16.4%	23.7%	26.7%
$100k – $200k	31.0%	32.6%	28.3%
Over $200k	36.0%	24.4%	14.8%

Under $10k 2.7%

$10k–$15k 1.1%

$15k–$25k 1.6%

$25k–$35k 1.7%

$35k–$50k 5.8%

$50k–$75k 11.1%

$75k–$100k 6.1%

$100k–$150k 15.9%

$150k–$200k 13.4%

$200k+ 40.6%

Range	% of households
Under $10k	2.7%
$10k–$15k	1.1%
$15k–$25k	1.6%
$25k–$35k	1.7%
$35k–$50k	5.8%
$50k–$75k	11.1%
$75k–$100k	6.1%
$100k–$150k	15.9%
$150k–$200k	13.4%
$200k+	40.6%
Median income	$163,643

Housing

Home values

Under $50k 0.2%

$50k–$100k 1.5%

$100k–$150k 0.2%

$200k–$300k 0.5%

$300k–$500k 8.9%

$500k–$1M 52.6%

$1M+ 36.0%

Housing overview

Metric	Value
Median home value	$845,500
Median rent / month	$2,168
Owner occupied	63.7%
Renter occupied	36.3%
Vacant	4.0%
Single-family detached	64.3%
Large apartment buildings	7.0%
Mobile homes	0.0%
Median rooms	6.9
Avg household size (owned)	3.08

Year built

Era	%
2020 or later	0.0%
2010–2019	6.9%
2000–2009	4.8%
1990–1999	5.9%
1980–1989	7.1%
1970–1979	4.6%
1960–1969	17.2%
1950–1959	20.0%
1940–1949	9.0%
1939 or earlier	24.5%

Bedrooms

Size	% of units
No bedroom (studio)	0.7%
1 bedroom	11.4%
2 bedrooms	23.7%
3 bedrooms	25.4%
4 bedrooms	25.6%
5+ bedrooms	13.3%

Vehicles per household

Vehicles	% of households
No vehicle	5.4%
1 vehicle	29.6%
2 vehicles	49.2%
3 or more	15.8%

Heating fuel

Fuel type	%
Utility gas	87.0%
Electricity	8.4%
Propane / LP gas	2.0%
Fuel oil	2.4%
Solar	0.2%
No fuel used	0.1%

Households & families

Household type	Count	%
Married-couple family	3,294	59.4%
Cohabiting couple	386	7.0%
Male householder, no spouse	756	13.6%
Female householder, no spouse	1,105	19.9%
Households with children under 18	1,990	35.9%
Households with seniors (65+)	1,580	28.5%
Average household size	2.71

Marital status

Status	Male	Female
Never married	43.7%	38.7%
Married	49.7%	45.0%
Separated	1.1%	1.1%
Widowed	1.1%	6.9%
Divorced	4.4%	8.4%

Education

Less than 9th grade 1.6%

Some HS, no diploma 1.3%

HS graduate 14.8%

Some college, no degree 7.4%

Associate's degree 3.8%

Bachelor's degree 39.0%

Graduate / professional 32.2%

Metric	%
HS diploma or higher	97.1%
Bachelor's or higher	71.1%

School enrollment (ages 3–17)

Type	Count	%
Nursery / preschool	285	4.6%
Kindergarten	171	2.7%
Elementary school	1,795	28.8%
High school	800	12.8%
College / grad school	3,184	51.1%

Employment

Industry of employment

Education & healthcare 26.0%

Finance & real estate 15.7%

Professional & management 14.8%

Retail trade 9.6%

Arts, food & hospitality 8.2%

Manufacturing 7.8%

Other services 4.0%

Information 3.7%

Transportation & utilities 3.1%

Public administration 2.8%

Construction 2.7%

Wholesale trade 1.7%

Agriculture & mining 0.1%

Occupation

Category	%
Management, business & arts	59.1%
Service	10.2%
Sales & office	21.4%
Natural resources & construction	2.2%
Production & transportation	7.1%

Employment type

Type	%
Private sector	85.6%
Government	9.4%
Self-employed	4.8%
Unpaid family workers	0.2%

Commute

Method	%
Drive alone	55.7%
Carpool	3.5%
Public transit	7.2%
Walk	10.8%
Work from home	21.7%
Other means	1.1%
Avg commute (minutes)	25.6

Poverty

All people 3.5%

Under 18 years 2.3%

18 and over 3.9%

Married-couple families 0.7%

Female-led households 8.6%

Income support

Source	% of households
Social Security	24.1%
Retirement income	21.5%
Supplemental Security	2.9%
Cash public assistance	2.0%
Food stamps / SNAP	2.3%

Health indicators

Condition	%
Obesity	18.3%
High blood pressure	0.0%
High cholesterol	0.0%
Diabetes	5.9%
Heart disease	4.3%
Stroke	1.8%
Asthma	8.2%
Arthritis	15.8%
Kidney disease	1.9%
Pulmonary disease	3.5%
Cancer	6.0%

Behavior / access	%
Smoking	8.1%
Binge drinking	18.4%
No physical activity	12.6%
Less than 7 hrs sleep	27.8%
Depression	17.0%
Fair or poor health	6.9%
Poor mental health	13.1%
Poor physical health	5.8%
No health insurance	9.4%
Visited doctor (checkup)	72.6%
Visited dentist	77.4%
Cholesterol screening	0.0%
Teeth loss	6.9%

Veterans & disability

Veterans	Count	%
Civilian veterans	370	2.6%

Disability	%
Any disability	7.5%
Under 18	2.5%
18–64 years	6.2%
65 and over	23.0%

Health insurance coverage

Type	%
Private insurance	87.8%
Public insurance	16.6%
No insurance	3.5%
Uninsured under 19	1.5%

Language & origin

Language spoken at home (age 5+)

Language	Count	%
English only	16,903	95.0%
Spanish	1,110	6.6%
Other Indo-European	643	3.8%
Asian & Pacific Islander	191	1.1%
Other languages	253	1.5%

Place of birth & citizenship

Origin	Count	%
Native born (US)	15,185	85.3%
Born in same state	14,898	83.7%
Born in different state	8,883	49.9%
Foreign born	287	1.6%
Naturalized citizen	2,613	14.7%
Not a US citizen	1,430	54.7%

Ancestry

Ancestry	Count	%
Italian	3,685	20.7%
French	1,521	8.5%
Arab	514	2.9%
Norwegian	170	1%
Irish	136	0.8%

Ancestry	Count	%
English	116	0.7%
Polish	102	0.6%
Dutch	62	0.3%
German	50	0.3%

Technology access

Metric	% of households
Computer access	31.1%
Internet access	97.9%

Source: U.S. Census Bureau, American Community Survey 2025 estimates.

Frequently asked questions about ZIP code 07940

What city is ZIP code 07940 in?

ZIP code 07940 is primarily assigned to Madison, New Jersey.

What county is ZIP code 07940 in?

ZIP code 07940 falls within Morris County, New Jersey.

How educated is the population of ZIP code 07940?

71% of residents hold a bachelor's degree or higher — well above the national average of ~33%, reflecting a highly educated population.

What is the median household income in ZIP code 07940?

The median household income in ZIP code 07940 is $163,643, above the national median of ~$75,000.

What is the typical home value in ZIP code 07940?

The median home value in ZIP code 07940 is $845,500.

What is the population of ZIP code 07940?

ZIP code 07940 has an estimated population of 17,798 residents, with a density of 3,623 people per square mile.

What timezone is ZIP code 07940 in?

ZIP code 07940 observes the EST timezone.