Palisades Park, NJ is a beautiful town located in Bergen County. It boasts a thriving business district with plenty of local companies such as North Jersey Federal Credit Union, Petco, Fantastic Sams, Rite Aid Pharmacy, and many more. The cost of living index for this area is higher than the US average due to an increased 2 bedroom rent price of $1,940 compared to the national average of $1,430 and a grocery cost index of 110 versus 100 in the US. All in all Palisades Park, NJ is an excellent place to call home that offers its own unique blend of lifestyle amenities and business opportunities.
Palisades Park (zip 07650) has an unemployment rate of 7.4%. The US average is 6.0%.
Palisades Park (zip 07650) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Palisades Park (zip 07650)
- The Sales Tax Rate for Palisades Park (zip 07650) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Palisades Park (zip 07650) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Palisades Park (zip 07650)
- The average income of a Palisades Park (zip 07650) resident is $29,871 a year. The US average is $28,555 a year.
- The Median household income of a Palisades Park (zip 07650) resident is $76,297 a year. The US average is $69,021 a year.