| ZIP Code | 08340 |
|---|---|
| City | Milmay |
| State | New Jersey (NJ) |
| County | Atlantic County |
| Area Code | 609/640 |
| Elevation | 88 ft |
| Latitude | 39.3933 |
|---|---|
| Longitude | -74.907257 |
| Timezone | New York (DST) |
| FIPS | 34001 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.5 yrs ↑ 40% since 2019 |
|---|---|
| Avg Household Size | 2.18 |
| Below Poverty | 0.9% ▼ 91% below avg |
| College Grads | 34.9% ▼ 10% below avg |
| Unemployment | 14.4% ▲ 193% above avg |
| No HS Diploma | 5 (0.8%) |
| HS Graduate | 170 (28.4%) |
| Some College | 75 (12.5%) |
| Associates | 140 (23.4%) |
| Bachelors | 66 (11%) |
| Graduate Degree | 143 (23.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $72,813 ≈ Avg ↓ 3% since 2019 |
|---|---|
| Median Home Value | $242,800 ▼ 13% below avg ↓ 4% since 2019 |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $1,247/mo ↓ 10% since 2019 |
| Total Units | 399 |
| Avg HH Size | 2.18 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 399 |
|---|---|
| Owner Occupied | 75.2% |
| Renter Occupied | 24.8% |
| Avg HH Size | 2.18 |
ZIP code 08340 is located in Milmay, New Jersey, within Atlantic County. With a population of 876, this is a sparsely populated ZIP code with a mature community — the median age is 48.5 years. Economically, 08340 is a solidly middle-class ZIP code: the median household income of $72,813 is near the national average.
Real estate in ZIP code 08340 represents an affordable housing market. The median home value of $242,800 is near the national average. Renters can expect to pay around $1,247 per month in median rent. Homeownership is strong here — 75.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 4% since 2019.
The population of 08340 is primarily White (94.86%). Residents are moderately educated — 34.9% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 0.9%. Household income has declined by 3% since 2019.
The unemployment rate in 08340 stands at 14.4%, which is more than double the national average. About 20% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 56%.
Overall, ZIP code 08340 in Milmay, NJ is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 876 residents, a median household income of $72,813, and a median home value of $242,800, it offers a clear picture of life in this part of New Jersey.