Zip 07004 (Fairfield, NJ) Economy


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Fairfield, NJ 07004 is an ideal place to live for those who value affordability. The two bedroom rent in the area is $2,450 which is significantly less than the US average of $1,430. In addition to being affordable, Fairfield also offers a variety of local companies that are sure to offer residents job opportunities and entertainment options. Some popular companies located in Fairfield include Bayer Corporation, TD Bank and the Bontempo Group. Grocery costs index in Fairfield is 108 versus 100 in the US, making it a great choice for those looking to save money on their basic necessities.

Fairfield (zip 07004) has an unemployment rate of 9.6%. The US average is 6.0%.

Fairfield (zip 07004) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Fairfield (zip 07004)
- The Sales Tax Rate for Fairfield (zip 07004) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Fairfield (zip 07004) 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 Fairfield (zip 07004)
- The average income of a Fairfield (zip 07004) resident is $43,346 a year. The US average is $28,555 a year.
- The Median household income of a Fairfield (zip 07004) resident is $109,100 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFairfield, New JerseyUnited States
  9.66
  -7.3%-6.2%
  20.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $57,003$37,638
  $109,100$69,021
  $133,994$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.7%6.8%
  8.4%10.0%
  3.3%2.5%
  7.0%11.0%
  1.0%4.8%
  0.0%0.8%
  4.4%1.9%
  13.3%4.7%
  3.9%1.9%
  15.1%7.6%
  0.2%0.1%
  2.2%4.2%
  10.9%9.3%
  14.2%14.0%
  1.9%2.1%
  1.6%7.0%
  4.4%4.8%
  3.8%4.7%
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