Allenwood CDP, NJ

ZIP 08724 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Allenwood CDP, NJ (08724)

Median Income

$98,771

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,676

Wealth inflow

Population

41,573

Unemployment

5.8%

2.1pp above US avg

IRS migration statistics show a net inflow of about 2,676 for ZIP 08724 (Allenwood CDP, 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.

Economic Indicators

Unemployment

5.8%+57% vs US avg

Self-Employed

4.6%-25% vs US avg

SNAP Benefits

3.1%-73% vs US avg

744

Establishments

12,182

Employees

~16 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.1%
Construction6.7%
Manufacturing6.1%
Wholesale trade3.0%
Retail trade13.0%
Transportation, utilities6.8%
Information1.7%
Finance, insurance, real estate6.2%
Professional, scientific, management10.3%
Education, health care, social28.5%
Arts, entertainment, food services8.3%
Other services3.7%
Public administration5.6%

Household Income

Historical Trends in 08724 (2020–Present)

Since 2020, population grew 0.2%, median income rose 7.7% (inflation-adjusted), home values increased 6.5%.

Median Income

$98,771

+31% vs US avg

Unemployment Rate