Zip 07073 (East Rutherford, NJ) Economy


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East Rutherford, NJ is a vibrant and welcoming city located near New York City in Bergen County. With a 2 bedroom rent of $1,960, it offers an affordable yet luxurious lifestyle for those looking to be immersed in the bustling metropolitan area. The grocery cost index in East Rutherford is 106 versus the US average of 100, indicating that costs may be slightly higher than the national average; however, there are plenty of local businesses and amenities to enjoy here. Some notable companies include A&M Travel Services, Casale Jewelers, Creative Motion Industries, BAM Cinemas, and Jersey Sports Zone. Additionally, East Rutherford residents can take advantage of nearby parks such as Miller Stadium Park and the Hackensack RiverWalk Park. With these attractions plus easy access to Manhattan via rail or roadways makes East Rutherford a desirable place to live.

East Rutherford (zip 07073) has an unemployment rate of 7.4%. The US average is 6.0%.

East Rutherford (zip 07073) 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 25.3%, which is lower than the US average of 33.5%.

Tax Rates for East Rutherford (zip 07073)
- The Sales Tax Rate for East Rutherford (zip 07073) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for East Rutherford (zip 07073) 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 East Rutherford (zip 07073)
- The average income of a East Rutherford (zip 07073) resident is $38,050 a year. The US average is $28,555 a year.
- The Median household income of a East Rutherford (zip 07073) resident is $86,592 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEast Rutherford, New JerseyUnited States
  7.46
  -8.2%-6.2%
  25.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $45,737$37,638
  $86,592$69,021
  $107,726$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.0%6.8%
  6.3%10.0%
  3.5%2.5%
  13.6%11.0%
  4.6%4.8%
  0.9%0.8%
  4.9%1.9%
  7.5%4.7%
  2.5%1.9%
  10.6%7.6%
  0.1%0.1%
  4.2%4.2%
  10.0%9.3%
  7.4%14.0%
  0.6%2.1%
  5.6%7.0%
  6.0%4.8%
  4.7%4.7%
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