Zip 07666 (Teaneck, NJ) Economy


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Teaneck, NJ 07666 is a great place to live and work. With an average 2 bedroom rent of $1,840 per month, it's slightly more expensive than the US average of $1,430 but still affordable. The Grocery Cost Index is higher than the national average at 106 versus 100 in the US. Teaneck 07666 also offers many amenities and job opportunities. Local companies include Hackensack Meridian Health, Konica Minolta Business Solutions U.S.A., Inc., Stryker Corporation, Englewood Hospital and Medical Center, Honeywell International Inc., and Valley Bank. Teaneck has become a popular destination for its close proximity to New York City as well as providing many employment opportunities and quality of life features that make it attractive to prospective buyers and renters alike.

Teaneck (zip 07666) has an unemployment rate of 6.8%. The US average is 6.0%.

Teaneck (zip 07666) 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 25.4%, which is lower than the US average of 33.5%.

Tax Rates for Teaneck (zip 07666)
- The Sales Tax Rate for Teaneck (zip 07666) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Teaneck (zip 07666) 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 Teaneck (zip 07666)
- The average income of a Teaneck (zip 07666) resident is $40,799 a year. The US average is $28,555 a year.
- The Median household income of a Teaneck (zip 07666) resident is $125,368 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTeaneck, New JerseyUnited States
  6.86
  -8.2%-6.2%
  25.4%33.5%
  6.6%6.2%
  5.5%4.6%
  $54,381$37,638
  $125,368$69,021
  $151,906$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.3%6.8%
  6.1%10.0%
  3.5%2.5%
  10.4%11.0%
  4.6%4.8%
  0.1%0.8%
  3.4%1.9%
  6.5%4.7%
  3.9%1.9%
  11.7%7.6%
  0.0%0.1%
  2.7%4.2%
  12.0%9.3%
  17.1%14.0%
  1.4%2.1%
  5.0%7.0%
  4.8%4.8%
  2.3%4.7%
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