Zip 07430 (Mahwah, NJ) Economy


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07430 Mahwah, NJ is a great place to live with many amenities and attractions. The cost of living is relatively affordable with the average 2 Bedroom rent being $2,530 compared to the US average of $1,430. Grocery costs index in Mahwah is 107 compared to 100 in the US. There are many local businesses and attractions that make Mahwah an ideal place to live. Notable companies include Sharp Electronics Corporation of America, Future Tech Consultants Inc., Cole Haan and Toys R Us/Babies R Us corporate headquarters. The community also offers a variety of outdoor activities including Ramapo Valley County Reservation, Darlington County Park and Ramapo College of New Jersey with its world-class performing arts center. With all these features, it's no surprise that 07430 Mahwah is such a popular place to call home!

Mahwah (zip 07430) has an unemployment rate of 6.4%. The US average is 6.0%.

Mahwah (zip 07430) 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 25.0%, which is lower than the US average of 33.5%.

Tax Rates for Mahwah (zip 07430)
- The Sales Tax Rate for Mahwah (zip 07430) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mahwah (zip 07430) 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 Mahwah (zip 07430)
- The average income of a Mahwah (zip 07430) resident is $48,322 a year. The US average is $28,555 a year.
- The Median household income of a Mahwah (zip 07430) resident is $111,075 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMahwah, New JerseyUnited States
  6.46
  -8.2%-6.2%
  25.0%33.5%
  6.6%6.2%
  5.5%4.6%
  $58,158$37,638
  $111,075$69,021
  $139,900$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  4.2%6.8%
  9.3%10.0%
  4.7%2.5%
  11.4%11.0%
  4.5%4.8%
  0.2%0.8%
  1.6%1.9%
  8.2%4.7%
  1.7%1.9%
  13.2%7.6%
  0.4%0.1%
  3.4%4.2%
  13.5%9.3%
  10.7%14.0%
  2.3%2.1%
  4.7%7.0%
  3.6%4.8%
  1.9%4.7%
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