Elmwood Park, NJ (07407) is a great place to live for those looking for a suburban lifestyle. It has many local amenities, such as restaurants, businesses, schools and parks. The average rent for a two-bedroom apartment in this neighborhood is $2,090; lower than the national average of $1,430. Grocery costs in Elmwood Park are 6% higher than the national index, so budgeting is important to keep costs down.
The Elmwood Park community also hosts several popular companies like Italian bakery Bari Bakery and market Sam's Italian Deli & Market. Many locals enjoy shopping at Gullo's Garden Center or taking their pet to veterinarian Dr. Chahal's Animal Clinic.
Regarding education in Elmwood Park, there are many public schools within the neighborhood including Memorial School, Faber Elementary School and middle school John F Kennedy Middle School; all of which have good ratings from parents and students alike. Additionally there is an Academy of Saint Therese nearby which provides religious instruction alongside normal schooling curriculum.
Elmwood Park (zip 07407) has an unemployment rate of 7.4%. The US average is 6.0%.
Elmwood Park (zip 07407) 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 Elmwood Park (zip 07407)
- The Sales Tax Rate for Elmwood Park (zip 07407) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Elmwood Park (zip 07407) 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 Elmwood Park (zip 07407)
- The average income of a Elmwood Park (zip 07407) resident is $30,249 a year. The US average is $28,555 a year.
- The Median household income of a Elmwood Park (zip 07407) resident is $75,091 a year. The US average is $69,021 a year.