Zip 07932 (Florham Park, NJ) Economy


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Florham Park, NJ is a great place to live and work with its 07932 zip code. The 2 Bedroom Rent cost here is $2,380, which is relatively high compared to other areas in the US ($1,430). Additionally, basic grocery items are more expensive in Florham Park than the national average (Grocery Cost Index of 110 versus 100).
There are many companies located within this zip code and they offer good job opportunities. Some of these companies include BASF Corporation, Mars Wrigley Confectionary US LLC, Honeywell International Inc., Quest Diagnostics Inc., Bayer Healthcare Pharmaceuticals Inc., Novartis Pharmaceuticals Corporation, and Prudential Financial Inc. Each of these employers compensates their employees well with average salaries ranging from $90k-$150k annually depending on the position.

Florham Park (zip 07932) has an unemployment rate of 6.2%. The US average is 6.0%.

Florham Park (zip 07932) 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 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Florham Park (zip 07932)
- The Sales Tax Rate for Florham Park (zip 07932) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Florham Park (zip 07932) 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 Florham Park (zip 07932)
- The average income of a Florham Park (zip 07932) resident is $66,850 a year. The US average is $37,638 a year.
- The Median household income of a Florham Park (zip 07932) resident is $132,154 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFlorham Park, New JerseyUnited States
  6.26
  -7.3%-6.2%
  23.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $66,850$37,638
  $132,154$69,021
  $174,201$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.4%6.8%
  7.7%10.0%
  2.6%2.5%
  7.8%11.0%
  4.3%4.8%
  0.2%0.8%
  2.5%1.9%
  8.8%4.7%
  2.2%1.9%
  16.8%7.6%
  2.4%0.1%
  6.8%4.2%
  11.4%9.3%
  7.9%14.0%
  2.3%2.1%
  3.2%7.0%
  2.3%4.8%
  3.4%4.7%
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