Zip 07030 (Hoboken, NJ) Economy


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07030 Hoboken, NJ is an exciting place to live. It has a vibrant young population and plenty of amenities to enjoy. The cost of living in 07030 Hoboken, NJ is higher than most other parts of the US, with 2 Bedroom Rent at $3,140 versus the national average of $1,430. The Grocery Cost Index is also significantly higher here at 111 versus 100 nationwide. Despite this however, many people choose to move here because of the incredible opportunities for work and entertainment. Popular local companies include Paper Source Inc., Hudson Lights LLC and Four Kites Inc., all of which offer great job opportunities for residents. With its high-cost but strong economy and numerous amenities, 07030 Hoboken, NJ is an ideal place to live for young professionals looking for a dynamic lifestyle.

Hoboken (zip 07030) has an unemployment rate of 4.2%. The US average is 6.0%.

Hoboken (zip 07030) 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 30.0%, which is lower than the US average of 33.5%.

Tax Rates for Hoboken (zip 07030)
- The Sales Tax Rate for Hoboken (zip 07030) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hoboken (zip 07030) 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 Hoboken (zip 07030)
- The average income of a Hoboken (zip 07030) resident is $69,476 a year. The US average is $28,555 a year.
- The Median household income of a Hoboken (zip 07030) resident is $160,890 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHoboken, New JerseyUnited States
  4.26
  -8.3%-6.2%
  30.0%33.5%
  6.6%6.2%
  5.5%4.6%
  $97,083$37,638
  $160,890$69,021
  $210,773$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  2.0%6.8%
  6.9%10.0%
  2.9%2.5%
  6.3%11.0%
  1.6%4.8%
  0.2%0.8%
  7.8%1.9%
  20.7%4.7%
  2.4%1.9%
  22.7%7.6%
  0.2%0.1%
  2.2%4.2%
  6.6%9.3%
  8.8%14.0%
  1.9%2.1%
  2.4%7.0%
  2.1%4.8%
  2.1%4.7%
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