07054 vs 07940 — Compare ZIP Codes
Side-by-side comparison. Blue = ZIP 07054, Orange = ZIP 07940.
Quick verdict: ZIP 07054 is more affordable rent, lower unemployment, more diverse. ZIP 07940 is wealthier, higher home values, lower poverty rate, more educated, higher work-from-home share.
Quick Facts
ZIP 07054
Parsippany CDP, NJ
View full profile →- Population30,139
- Median Income$107,955
- Median Home Value$569k
- Median Rent$1,662
- Median Age41.3 yrs
- Poverty Rate5.6%
ZIP 07940
Madison borough, NJ
View full profile →- Population17,675
- Median Income$168,520
- Median Home Value$883k
- Median Rent$2,138
- Median Age35.2 yrs
- Poverty Rate2.8%
Visual comparison (same scale)
Population
30,13917,675
Median Income
$107,955$168,520
Median Home Value
$569k$883k
Median Rent
$1,662$2,138
Median Age
41.3 yrs35.2 yrs
Poverty Rate
5.6%2.8%
Demographics
ZIP 07054
Parsippany CDP, NJ
View full profile →- White %46.6%
- Black %3.6%
- Asian %42.3%
- Hispanic %8.1%
- Age 0–17 %17.8%
- Age 18–64 %64.1%
- Age 65+ %18.1%
- Bachelor's+ %60.6%
- Diversity Index60/100
ZIP 07940
Madison borough, NJ
View full profile →- White %77.2%
- Black %2.5%
- Asian %5.7%
- Hispanic %14.4%
- Age 0–17 %21.4%
- Age 18–64 %66.1%
- Age 65+ %12.5%
- Bachelor's+ %70.7%
- Diversity Index38/100
Visual comparison (same scale)
White %
46.6%77.2%
Black %
3.6%2.5%
Asian %
42.3%5.7%
Hispanic %
8.1%14.4%
Age 0–17 %
17.8%21.4%
Age 18–64 %
64.1%66.1%
Age 65+ %
18.1%12.5%
Bachelor's+ %
60.6%70.7%
Diversity Index
60/10038/100
Economy
ZIP 07054
Parsippany CDP, NJ
View full profile →- Median Income$107,955
- Unemployment %5.8%
- IRS Net Migration+1,940
- Work From Home %17.3%
ZIP 07940
Madison borough, NJ
View full profile →- Median Income$168,520
- Unemployment %6.8%
- IRS Net Migration+1,138
- Work From Home %24.7%
Visual comparison (same scale)
Median Income
$107,955$168,520
Unemployment %
5.8%6.8%
IRS Net Migration
+1,940+1,138
Work From Home %
17.3%24.7%
Housing
ZIP 07054
Parsippany CDP, NJ
View full profile →- Median Home Value$569k
- Median Rent$1,662
- Owner Occupied %49.9%
- Broadband %94.4%
- Vacant %2.9%
- Median Year Built1969
ZIP 07940
Madison borough, NJ
View full profile →- Median Home Value$883k
- Median Rent$2,138
- Owner Occupied %64.2%
- Broadband %95.1%
- Vacant %2.9%
- Median Year Built1959
Visual comparison (same scale)
Median Home Value
$569k$883k
Median Rent
$1,662$2,138
Owner Occupied %
49.9%64.2%
Broadband %
94.4%95.1%
Vacant %
2.9%2.9%
Median Year Built
19691959
Climate & Location
ZIP 07054
Parsippany CDP, NJ
View full profile →- Snow Days/Year0 days
- Elevation (ft)280 ft
- Nearest Airport3.8 miles (6.2 km)
- Distance to Coast14.1 miles (22.6 km)
ZIP 07940
Madison borough, NJ
View full profile →- Snow Days/Year0 days
- Elevation (ft)180 ft
- Nearest Airport2.7 miles (4.3 km)
- Distance to Coast13.3 miles (21.4 km)
Visual comparison (same scale)
Snow Days/Year
0 days0 days
Elevation (ft)
280 ft180 ft
Nearest Airport
3.8 miles (6.2 km)2.7 miles (4.3 km)
Distance to Coast
14.1 miles (22.6 km)13.3 miles (21.4 km)
Infrastructure
ZIP 07054
Parsippany CDP, NJ
View full profile →- Work From Home %17.3%
- Walkability (0–100)58
- Broadband %94.4%
ZIP 07940
Madison borough, NJ
View full profile →- Work From Home %24.7%
- Walkability (0–100)57
- Broadband %95.1%
Visual comparison (same scale)
Work From Home %
17.3%24.7%
Walkability (0–100)
5857
Broadband %
94.4%95.1%
Frequently Asked Questions
How do ZIP 07054 and 07940 compare?
ZIP 07054 is more affordable rent, lower unemployment, more diverse. ZIP 07940 is wealthier, higher home values, lower poverty rate, more educated, higher work-from-home share.
What do the blue and orange colors mean?
Blue represents the first ZIP (07054), orange the second (07940). The same colors are used in the map markers and comparison bars.
Where does this data come from?
Data is from the U.S. Census Bureau and other federal sources. See our Methodology page for details.
How can I compare other ZIP codes?
From any ZIP page, use the "Compare with Another ZIP" tool, or go to /compare/XXXXX-vs-YYYYY (replace with two 5-digit ZIP codes).
Continue exploring