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Allenwood CDP, NJ
ZIP 08720 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Wealthy AreaLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Allenwood CDP, NJ (08720)
Median Income
$218,173
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+50
Wealth inflow
Population
774
Unemployment
2.3%
1.4pp below US avg
IRS migration statistics show a net inflow of about 50 for ZIP 08720 (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.
Historical Trends in 08720 (2020–Present)
Since 2020, population declined 0.4%, median income rose 40.4% (inflation-adjusted), home values increased 15.1%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $218,173 |
| Unemployment | 2.3% |
| Establishments | 39 |
| Employees | 303 |