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Morris Plains borough, NJ
ZIP 07950 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Upper Middle ClassLow Snow AreaRemote Work Hub
Income, employment, industries, and economic trends
Income & Economy in Morris Plains borough, NJ (07950)
Median Income
$148,469
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,389
Wealth inflow
Population
21,576
Unemployment
5.4%
1.7pp above US avg
IRS migration statistics show a net inflow of about 1,389 for ZIP 07950 (Morris Plains 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.
Historical Trends in 07950 (2020–Present)
Since 2020, population grew 9.2%, median income fell 1.6% (inflation-adjusted), home values increased 0.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $148,469 |
| Unemployment | 5.4% |
| Establishments | 511 |
| Employees | 15,770 |