Zip 07652 (Paramus, NJ) Economy


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Paramus, NJ 07652 is a quaint neighborhood located in Bergen County. It offers an array of shopping options with its well-known malls and retail centers like The Garden State Plaza, Bergen Towne Centre and Paramus Park Mall. With two bedroom rent costing $2,740 in Paramus compared to $1,430 throughout the US, you may find it pricey to live here but there are plenty of job opportunities from local companies such as Toys ‘R’ Us, Bed Bath & Beyond and Barnes & Noble. The grocery cost index here is 109 out of 100 in the US which means that groceries are more expensive here than elsewhere. All these reasons make Paramus a desirable place to live in for those who seek convenience and comfort living close to one of New Jersey's most vibrant cities.

Paramus (zip 07652) has an unemployment rate of 6.9%. The US average is 6.0%.

Paramus (zip 07652) 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 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Paramus (zip 07652)
- The Sales Tax Rate for Paramus (zip 07652) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Paramus (zip 07652) 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 Paramus (zip 07652)
- The average income of a Paramus (zip 07652) resident is $41,157 a year. The US average is $28,555 a year.
- The Median household income of a Paramus (zip 07652) resident is $130,446 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyParamus, New JerseyUnited States
  6.96
  -8.2%-6.2%
  24.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $51,858$37,638
  $130,446$69,021
  $144,092$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  7.0%6.8%
  6.9%10.0%
  4.7%2.5%
  11.9%11.0%
  3.2%4.8%
  0.3%0.8%
  2.9%1.9%
  7.1%4.7%
  2.8%1.9%
  9.6%7.6%
  0.0%0.1%
  2.7%4.2%
  10.2%9.3%
  15.8%14.0%
  1.9%2.1%
  3.3%7.0%
  4.8%4.8%
  4.8%4.7%
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