The 07920 ZIP Code is primarily associated with Basking Ridge, NJ in Somerset County in the United States. The current population estimate is 27,037. It is estimated that 19.0% of residents in the 07920 ZIP Code are aged 62 years and older, while the region overall has a median age of 45.4 years. In this New Jersey region, an estimated 75.4% have a bachelor's degree or higher, while the per capita income comes in at about $76,285. Approximately 3% of the population lives below the poverty line, while the median househould income sits at $151,365.
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The median household income in ZIP Code 07920 is $151,365, while the region's mean household income is $209,344. Breaking income down further, per capita income in the region is $76,285. The per capita income in ZIP Code 07920 of $76,285 is approximately 78.47% more than the per capita income in New Jersey overall of $42,745. An estimated 3.0% of the population is living below the poverty line in this region. This rate is approximately 68.42% lower than the overall poverty rate in the U.S. of 9.5%. Regarding household income, approximately 40.1% of the population in 07920 earn $200,000 or more per year, while an estimated 19.3% earn $100,000 to $149,999 per year, and 1.5% of 07920 residents earn $10,000 to $14,999 per year.
| Household Income | Percent |
|---|---|
| Less than $10,000 per year | 2.6% |
| $10,000 to $14,999 per year | 1.5% |
| $15,000 to $24,999 per year | 3.3% |
| $25,000 to $34,999 per year | 2.8% |
| $35,000 to $49,999 per year | 3.8% |
| $50,000 to $74,999 per year | 7.9% |
| $75,000 to $99,999 per year | 7.8% |
| $100,000 to $149,999 per year | 19.3% |
| $150,000 to $199,999 per year | 10.9% |
| $200,000 or more per year | 40.1% |
In ZIP Code 07920, 97.0% of the population graduated high school, while 75.4% have a bachelor's degree or higher. In this region, 1.8% achieved an education level less than 9th grade, while 39.8% hold a graduate or professional degree. Approximately 9.5% in this Somerset County region reached the highest level of high school graduate (including equivalency).
| Education Level | Percent |
|---|---|
| Less than 9th grade | 1.8% |
| 9th to 12th grade, no diploma | 1.2% |
| High school graduate (includes equivalency) | 9.5% |
| Some college, no degree | 8.0% |
| Associate's degree | 4.1% |
| Bachelor's degree | 35.6% |
| Graduate or professional degree | 39.8% |
Looking at race in the population that makes up ZIP Code 07920, 97.8% is one race, while 2.2% are two or more races. Approximately 5.7% of 07920 residents are hispanic or Latino (of any race). The most common race in 07920 (race alone or in combination with one or more other races), is White (75.9%), followed by Asian (22.4%) .
| Industry | Percent |
|---|---|
| White | 75.9% |
| Black or African American | 2.3% |
| American Indian and Alaska Native | 0.4% |
| Asian | 22.4% |
| Native Hawaiian and Other Pacific Islander | 0.0% |
| Some other race | 1.2% |
In ZIP Code 07920, 71.6% of the population lists "English only" as the language spoken in home, while 3.9% of lists Spanish. Additionally, Asian and Pacific Islander languages are spoken in 10.3% of homes, and other Indo-European languages are spoken in 14.0% of homes. Lastly, 0.2% of homes list "other languages" as spoken in the home. All percentages referenced are for the population 5 years and older in this Somerset County region.
| Language Spoken | Percent |
|---|---|
| English only | 71.6% |
| Spanish | 3.9% |
| Other Indo-European languages | 10.3% |
| Asian and Pacific Islander languages | 14.0% |
| Other languages | 0.2% |
The median home value in ZIP Code 07920 in January 2025 comes in at $1,053,551. The January 2025 value is approximately 2% higher than the $1,027,997 median value in August 2024, and 9% higher than the $964,247 median value in February 2024. Regarding the age of homes in ZIP Code 07920, an estimated 29.2% of homes were built between 1990 and 1999. Additionally, 25.2% of homes in the region were built between 1980 and 1989, while an estimated 0.3% of homes were built between 2010 and 2013 in this Somerset County region.
| Month | Home value |
|---|---|
| Jan 2025 | $1,053,551 |
| Dec 2024 | $1,050,918 |
| Nov 2024 | $1,047,765 |
| Oct 2024 | $1,041,500 |
| Sep 2024 | $1,034,243 |
| Aug 2024 | $1,027,997 |
| Jul 2024 | $1,021,233 |
| Jun 2024 | $1,013,457 |
| May 2024 | $1,002,919 |
| Apr 2024 | $990,291 |
| Mar 2024 | $976,232 |
| Feb 2024 | $964,247 |
| Year Home Built | Percent |
|---|---|
| Built in 2014 or later | 0.5% |
| Built between 2010 and 2013 | 0.3% |
| Built between 2000 and 2009 | 6.7% |
| Built between 1990 and 1999 | 29.2% |
| Built between 1980 and 1989 | 25.2% |
| Built between 1970 and 1979 | 8.0% |
| Built between 1960 and 1969 | 13.6% |
| Built between 1950 and 1959 | 9.0% |
| Built between 1940 and 1949 | 1.9% |
| Built in 1939 or earlier | 5.5% |
Residents of ZIP Code 07920 are older than average. The median age of 45.4 years in ZIP Code 07920 is approximately 19.16% higher than the overall median age in the U.S. of 38.1 years. About 75.1% of residents are aged 18 years and older, and 19.0% of residents are 62 years and over. Approximately 20.0% of the population in 07920 falls in the age group 45 to 54 years, while an estimated 11.4% are aged 35 to 44 years. On the low end of the scale, 3.5% of 07920 residents are aged 85 years and over.
| Age Range | Percent |
|---|---|
| Under 5 years | 3.7% |
| 5 to 9 years | 5.3% |
| 10 to 14 years | 8.6% |
| 15 to 19 years | 10.4% |
| 20 to 24 years | 4.3% |
| 25 to 34 years | 5.2% |
| 35 to 44 years | 11.4% |
| 45 to 54 years | 20.0% |
| 55 to 59 years | 9.0% |
| 60 to 64 years | 6.3% |
| 65 to 74 years | 7.3% |
| 75 to 84 years | 4.9% |
| 85 years and over | 3.5% |
| Health Issue | Percent of adults* |
|---|
One of the top preventative health measures in ZIP Code 07920 is current access to health insurance, as an estimated 95% of adults 18 and older take part in this preventive measure. Additionally, % of those 18 and above in 07920 list , as a preventive measure.
| Preventive Measure | Percent of adults* |
|---|---|
| Current access to health insurance | 95% |
| Risk Behavior | Percent of adults* |
|---|
Regarding solar power potential, ZIP Code 07920 has an average daily solar radiation level of 4.84 kWh/m2/day. This is approximately 17.48% greater than an area in the U.S. with historically low solar radiation levels (WA), and about 26.56% less than an area in the U.S. with historically high solar radiation levels (AZ).
| Region | Residential | Commercial | Industrial |
|---|---|---|---|
| ZIP Code 07920 | 12.6¢/kWh | 6.35¢/kWh | 3.32¢/kWh |
| New Jersey | 19.7¢/kWh | 15.22¢/kWh | 13.36¢/kWh |
| United States | 16.44¢/kWh | 13.09¢/kWh | 8.23¢/kWh |
| Month | ZIP Code 07920 | Low (WA) | High (AZ) |
|---|---|---|---|
| Jan | 3.62 | 1.9 | 5.84 |
| Feb | 4.75 | 3 | 6.31 |
| Mar | 5.05 | 3.65 | 7.02 |
| Apr | 5.39 | 5.13 | 7.3 |
| May | 5.49 | 5.17 | 7.13 |
| Jun | 5.44 | 5.72 | 6.95 |
| Jul | 5.95 | 6.22 | 6.51 |
| Aug | 5.53 | 6.08 | 6.65 |
| Sep | 5.2 | 5.15 | 7.02 |
| Oct | 4.36 | 3.32 | 6.92 |
| Nov | 3.99 | 2.33 | 5.99 |
| Dec | 3.32 | 1.78 | 5.46 |
In 07920, 62.4% of the population is in the labor force. Recent estimates place 8.7% as working from home, while the total labor force in the region has a mean travel to time to work of 33.8 minutes. Approximately 21.5% of the employed population 16 years and over in 07920 work in educational services, and health care and social assistance, while an estimated 19.4% work in finance and insurance, and real estate and rental and leasing. On the lower end of the scale, just 0.2% of 07920 workers 16 years and over work in agriculture, forestry, fishing and hunting, and mining.
| Industry | Percent |
|---|---|
| Agriculture, forestry, fishing and hunting, and mining | 0.2% |
| Construction | 2.8% |
| Manufacturing | 14.2% |
| Wholesale trade | 3.5% |
| Retail trade | 6.2% |
| Transportation and warehousing, and utilities | 2.1% |
| Information | 5.5% |
| Finance and insurance, and real estate and rental and leasing | 19.4% |
| Professional, scientific, management, and administrative | 14.9% |
| Educational services, and health care and social assistance | 21.5% |
| Arts, entertainment, and recreation, and accommodation and food services | 4.7% |
| Other services, except public administration | 2.4% |
| Public administration | 2.7% |
Regarding consumer complaints about financial products in ZIP Code 07920, credit reporting or credit repair services have received the most complaints in 07920 in the past 12 months. Credit reporting or other personal consumer reports received the second most complaints. The most frequent complaint overall in this Somerset County region was incorrect information on a report.
| Complaint Product | Number of Complaints* |
|---|---|
| Credit reporting or credit repair services | 35 |
| Credit reporting or other personal consumer reports | 28 |
| Credit card or prepaid card | 12 |
| Checking or savings account | 8 |
| Debt collection | 7 |
| Other | 25 |
| Complaint Issue | Number of Complaints* |
|---|---|
| Incorrect information on your report | 43 |
| Improper use of your report | 7 |
| Problem with a credit reporting company's investigation | 7 |
| Managing an account | 5 |
| Attempts to collect debt not owed | 4 |
| Other | 49 |