Clifton, NJ 07011 is a bustling area of North Jersey that offers its residents a high quality of life. The average two-bedroom rent in the area is $1,870 per month, higher than the US average of $1,430. Groceries are also more expensive here, with a grocery cost index of 105 versus 100 nationally. Clifton’s local economy certainly benefits from nearby New York City, with many businesses catering to commuters or drawing from the large population of professionals and entrepreneurs living in the city. Companies such as Clifton Car Care Center, Ace Tool Repair Services Inc., and Lido Bakery have been serving customers for decades and contribute to the local economy.
Clifton (zip 07011) has an unemployment rate of 8.2%. The US average is 6.0%.
Clifton (zip 07011) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Clifton (zip 07011)
- The Sales Tax Rate for Clifton (zip 07011) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Clifton (zip 07011) 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 Clifton (zip 07011)
- The average income of a Clifton (zip 07011) resident is $29,583 a year. The US average is $37,638 a year.
- The Median household income of a Clifton (zip 07011) resident is $65,590 a year. The US average is $69,021 a year.