Zip 07006 (Caldwell, NJ) Economy


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Caldwell, NJ (07006) is a town in Essex County with a population of 7,822. Two bedroom rent in Caldwell is $1,950 which is higher than the US average of $1,430. The Grocery Cost Index in Caldwell is 108 compared to the national average of 100. There are many local companies in Caldwell that offer goods and services including Cedar Grove Medical Center, Garden State Nursery Supply Company, and Wittcoff Home Furnishings. These businesses serve the community with a variety of products and services ranging from healthcare to home furnishings.

Caldwell (zip 07006) has an unemployment rate of 9.6%. The US average is 6.0%.

Caldwell (zip 07006) 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 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Caldwell (zip 07006)
- The Sales Tax Rate for Caldwell (zip 07006) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Caldwell (zip 07006) 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 Caldwell (zip 07006)
- The average income of a Caldwell (zip 07006) resident is $53,700 a year. The US average is $28,555 a year.
- The Median household income of a Caldwell (zip 07006) resident is $131,864 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaldwell, New JerseyUnited States
  9.66
  -7.3%-6.2%
  20.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $68,750$37,638
  $131,864$69,021
  $157,212$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  3.8%6.8%
  6.5%10.0%
  3.1%2.5%
  9.3%11.0%
  1.6%4.8%
  1.2%0.8%
  4.9%1.9%
  8.0%4.7%
  2.0%1.9%
  13.6%7.6%
  0.0%0.1%
  3.7%4.2%
  15.2%9.3%
  12.9%14.0%
  2.6%2.1%
  4.0%7.0%
  3.8%4.8%
  3.5%4.7%
Reviews for Caldwell
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Over 13 years ago

Although this area has many positive attributes,close to many cultural events, close to the ocean, close to quality health care, we will not be able to stay here for  More

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Over 16 years ago

Good place to live. School system is very good but taxes are very high. The area is getting congested, but still have a fair amount of green space  More

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