Zip 07052 (West Orange, NJ) Economy


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West Orange, NJ (07052) is an affluent suburban town in Essex County. The median 2 bedroom rent is $1,910, which is higher than the US average of $1,430 per month. Additionally, the Grocery Cost Index in West Orange is 106 compared to 100 in the US. There are a few local companies that offer goods and services for this area including Stop & Shop Supermarket, where customers can purchase groceries at competitive prices; Montclair State University Apartments, offering students modern amenities at reasonable student rental rates; and Boraie Realty LLC providing well-maintained 2-bedroom apartments for rent. All of these options make West Orange a great place to live with plenty of affordable rental and grocery options available to residents.

West Orange (zip 07052) has an unemployment rate of 7.5%. The US average is 6.0%.

West Orange (zip 07052) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.

Tax Rates for West Orange (zip 07052)
- The Sales Tax Rate for West Orange (zip 07052) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for West Orange (zip 07052) 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 West Orange (zip 07052)
- The average income of a West Orange (zip 07052) resident is $55,406 a year. The US average is $37,638 a year.
- The Median household income of a West Orange (zip 07052) resident is $118,326 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Orange, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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