ZIP 07054 vs ZIP 07034

This side-by-side compares ZIP 07054 (Parsippany, NJ) and ZIP 07034 (Lake Hiawatha, NJ) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 07054 has a population of 29,305 at 825 people per square mile, while ZIP 07034 has 9,360 at 2,892 per square mile. That difference in population size and density alone reshapes how every other metric should be interpreted — a higher-income ZIP with 1,200 residents behaves very differently from one with 45,000.

On income and education, ZIP 07054 reports a median household income of $104,214 against $104,663 in ZIP 07034, with per-capita income of $59,281 vs $54,549. The share of adults holding a bachelor's degree or higher is 61.4% in 07054 and 51.7% in 07034. Poverty rate reads 6.4% vs 3.3%, and unemployment 6.1% vs 3.0% — these four fields alone drive most of the difference in the scorecard grades you will see for each ZIP.

Housing separates these two ZIPs further: median home value sits at $587,000 in 07054 versus $428,600 in 07034, with median rent of $1,731 and $1,550 per month respectively. Homeownership rate is 49.7% vs 58.5%. When reading the comparison table below, focus on paired metrics rather than single winners — a ZIP with lower home values and lower income is not strictly "worse" if rent-to-income ratios and commute times land in the same zone. Every value is pulled from the exact same ACS table so the two columns are genuinely comparable.