ZIP Code 07420 — Wanaque borough, NJ Demographics & Data

ZIP code 07420 covers Wanaque, NJ in Passaic County with a population of about 5,235.

At a glance, the area shows median age of 42.9 versus a U.S. median of about 38.9.

It sits in telephone area codes 862, 973; U.S. House district NJ-5; the NEW YORK media market.

Median household income in ZIP 07420 is about $106,915 — about 42% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 9.2%; unemployment rate near 3.9%; 33.4% of adults with a bachelor’s degree or higher (roughly in line with the national share (33.7%)).

Labor and commute patterns include leading industry context around Retail trade, Healthcare, and Food services; about 6.3% of workers reporting work-from-home (about 8.8 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $344,700 — about even with the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,607 (about 38% above the U.S. median rent ($1,163)), and owner-occupancy near 69.7% (about 4.3 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 07420 in Wanaque, NJ, a household would need roughly $95,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,214. That sits below the local median household income ($106,915), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Wanaque borough, NJ as Relatively High (composite score 95.8), which is among the highest nationally. The strongest component scores on US5 are flood (97.8) and hurricane (87.9). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Wanaque borough, NJ show little to no average snow and around 48.2 inches of annual precipitation.

IRS migration statistics show a net inflow of about 337 for ZIP 07420 (Wanaque borough, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.