Zip 07423 (Ho-Ho-Kus, NJ) Economy


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07423 Ho-Ho-Kus, NJ is a small suburban town located in Bergen County about 20 miles northwest of New York City. With a population of 4,079, the town offers a quaint and quiet atmosphere while still being close to all that NYC has to offer. The cost of rent for two bedrooms is around $2,780 which is significantly higher than the US average of $1,430. The Grocery Cost Index in this area is 111 compared to 100 in the US, indicating that food here may be slightly more expensive as well.
The borough contains an array of local companies including Ho-Ho-Kus Pharmacy & Surgical Supplies and Echo Lake Automotive Repairs LLC. There are also several small businesses like Ella’s Hair Salon & Boutique and K David Jewelers Inc. Ho-Ho-Kus also has many parks and recreational areas like Robert A. Roe Park where visitors can enjoy outdoor activities such as fishing and hiking trails. Additionally, there are numerous historical sites such as the Hackensack Meadowlands Commission Environmental Center or Hermitage Museum & Gardens where visitors can learn more about the history of Ho-Ho-Kus.

Ho-Ho-Kus (zip 07423) has an unemployment rate of 7.4%. The US average is 6.0%.

Ho-Ho-Kus (zip 07423) 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 Ho-Ho-Kus (zip 07423)
- The Sales Tax Rate for Ho-Ho-Kus (zip 07423) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ho-Ho-Kus (zip 07423) 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 Ho-Ho-Kus (zip 07423)
- The average income of a Ho-Ho-Kus (zip 07423) resident is $75,096 a year. The US average is $28,555 a year.
- The Median household income of a Ho-Ho-Kus (zip 07423) resident is $244,493 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHo-Ho-Kus, New JerseyUnited States
  7.46
  -8.2%-6.2%
  25.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $112,573$37,638
  $244,493$69,021
  $250,001$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  1.7%6.8%
  6.3%10.0%
  5.1%2.5%
  8.1%11.0%
  1.6%4.8%
  1.4%0.8%
  4.1%1.9%
  17.3%4.7%
  1.5%1.9%
  14.4%7.6%
  0.6%0.1%
  1.7%4.2%
  12.2%9.3%
  12.8%14.0%
  4.8%2.1%
  0.8%7.0%
  0.6%4.8%
  4.5%4.7%
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