Zip 07834 (Denville, NJ) Economy


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07834 Denville, NJ is the home to a variety of local businesses and landmarks. The city is known for its vibrant downtown area, with unique restaurants, boutiques, and coffee shops. Many locals enjoy the Morris Museum, which features art and science exhibitions from around the world. Other popular attractions include the historic Frelinghuysen Arboretum and Mahlon Dickerson Reservation, both of which offer plenty of outdoor activities for residents to enjoy year-round. Additionally, the 2 bedroom rent in Denville is higher than the national average at $1,860 compared to $1,430. Its grocery cost index is also above average at 106 in comparison to 100 in the US.

Denville (zip 07834) has an unemployment rate of 6.2%. The US average is 6.0%.

Denville (zip 07834) 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 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Denville (zip 07834)
- The Sales Tax Rate for Denville (zip 07834) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Denville (zip 07834) 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 Denville (zip 07834)
- The average income of a Denville (zip 07834) resident is $50,756 a year. The US average is $28,555 a year.
- The Median household income of a Denville (zip 07834) resident is $148,716 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDenville, New JerseyUnited States
  6.26
  -7.3%-6.2%
  23.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $66,018$37,638
  $148,716$69,021
  $167,720$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.3%6.8%
  12.7%10.0%
  1.3%2.5%
  9.8%11.0%
  2.2%4.8%
  0.0%0.8%
  3.4%1.9%
  7.6%4.7%
  1.8%1.9%
  10.0%7.6%
  0.0%0.1%
  5.0%4.2%
  13.8%9.3%
  12.6%14.0%
  1.0%2.1%
  5.0%7.0%
  2.1%4.8%
  5.5%4.7%
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