07940 vs 07054 — Compare ZIP Codes
Side-by-side comparison. Blue = ZIP 07940, Orange = ZIP 07054.
Quick verdict: ZIP 07940 is wealthier, higher home values, lower poverty rate, more educated, higher work-from-home share. ZIP 07054 is more affordable rent, lower unemployment, more diverse.
Quick Facts
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%
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%
Visual comparison (same scale)
Population
17,67530,139
Median Income
$168,520$107,955
Median Home Value
$883k$569k
Median Rent
$2,138$1,662
Median Age
35.2 yrs41.3 yrs
Poverty Rate
2.8%5.6%
Demographics
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
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
Visual comparison (same scale)
White %
77.2%46.6%
Black %
2.5%3.6%
Asian %
5.7%42.3%
Hispanic %
14.4%8.1%
Age 0–17 %
21.4%17.8%
Age 18–64 %
66.1%64.1%
Age 65+ %
12.5%18.1%
Bachelor's+ %
70.7%60.6%
Diversity Index
38/10060/100
Economy
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%
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%
Visual comparison (same scale)
Median Income
$168,520$107,955
Unemployment %
6.8%5.8%
IRS Net Migration
+1,138+1,940
Work From Home %
24.7%17.3%
Housing
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
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
Visual comparison (same scale)
Median Home Value
$883k$569k
Median Rent
$2,138$1,662
Owner Occupied %
64.2%49.9%
Broadband %
95.1%94.4%
Vacant %
2.9%2.9%
Median Year Built
19591969
Climate & Location
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)
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)
Visual comparison (same scale)
Snow Days/Year
0 days0 days
Elevation (ft)
180 ft280 ft
Nearest Airport
2.7 miles (4.3 km)3.8 miles (6.2 km)
Distance to Coast
13.3 miles (21.4 km)14.1 miles (22.6 km)
Infrastructure
ZIP 07940
Madison borough, NJ
View full profile →- Work From Home %24.7%
- Walkability (0–100)57
- Broadband %95.1%
ZIP 07054
Parsippany CDP, NJ
View full profile →- Work From Home %17.3%
- Walkability (0–100)58
- Broadband %94.4%
Visual comparison (same scale)
Work From Home %
24.7%17.3%
Walkability (0–100)
5758
Broadband %
95.1%94.4%
Frequently Asked Questions
How do ZIP 07940 and 07054 compare?
ZIP 07940 is wealthier, higher home values, lower poverty rate, more educated, higher work-from-home share. ZIP 07054 is more affordable rent, lower unemployment, more diverse.
What do the blue and orange colors mean?
Blue represents the first ZIP (07940), orange the second (07054). 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