Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.6 yrs |
|---|---|
| Avg HH Size | 2.20 |
| Below Poverty | 0.7% ▼ 93% below avg |
| College Grads | 50.7% ▲ 31% above avg |
| Unemployment | 9.3% ▲ 89% above avg |
| HS Graduate | 587 (29.8%) |
| Some College | 90 (4.6%) |
| Associates | 296 (15%) |
| Bachelors | 240 (12.2%) |
| Graduate Degree | 760 (38.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $143,191 ▲ 88% above avg |
|---|---|
| Median Home Value | $465,200 ▲ 67% above avg |
| Home/Income Ratio | 3.2x (nat avg ~3.5x) |
| Median Rent | $2,091/mo |
| Total Housing Units | 1,353 |
| Vacant Units | 250 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Newfoundland is a city in New Jersey, located in Passaic County. The city spans 1 ZIP code and is home to approximately 2,430 residents. It is a mature city, with a median age of 51.6 years.
Economically, Newfoundland is a upper-middle-income community. The median household income of $143,191 is significantly above the national average. Approximately 0.7% of residents live below the poverty line. The unemployment rate is 9.3%, significantly above the national average.
The real estate market in Newfoundland is a premium housing market. Median home values stand at $465,200, which is significantly above the national average. Renters typically pay around $2,091 per month. Homeownership is high at 75.3%, typical of suburban and family-oriented communities.
The population of Newfoundland is well-educated. 50.7% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (91.15%).
Newfoundland, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07435 | 2,430 | $143,191 | $465,200 | $2,091 | 9.3% | 50.7% | 75.3% |