07522 Paterson, NJ is a great place to live with an array of housing options available. The average 2 bedroom rent in the area is around $1,570 which is slightly higher than the US average at $1,430. Additionally, the Grocery Cost Index in this region is 103, slightly more expensive than the national average of 100. Despite this, Paterson offers some great rental options from local companies that provide affordable housing for its residents. Some of these companies include Prestige Realty Group, Real Property Management North Jersey, and Bonsey Realty Group. These companies have years of experience in helping renters find high quality apartments and homes at budget-friendly prices.
Paterson (zip 07522) has an unemployment rate of 14.8%. The US average is 6.0%.
Paterson (zip 07522) 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 17.9%, which is lower than the US average of 33.5%.
Tax Rates for Paterson (zip 07522)
- The Sales Tax Rate for Paterson (zip 07522) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Paterson (zip 07522) 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 Paterson (zip 07522)
- The average income of a Paterson (zip 07522) resident is $13,486 a year. The US average is $28,555 a year.
- The Median household income of a Paterson (zip 07522) resident is $41,612 a year. The US average is $69,021 a year.