Zip 07508 (North Haledon, NJ) Economy


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North Haledon, NJ 07508 is an affluent city in Passaic County with a population of 8,417. The average 2 bedroom rent here is $1,840 per month which is significantly higher than the US average of $1,430. Additionally, the Grocery Cost Index in North Haledon is 106 versus 100 in the US. This indicates that living costs are higher than the national average. Businesses located in this area range from big chain stores such as Walmart and ShopRite to locally owned businesses and restaurants such as Pizza Palace, North Haledon Diner, and Four Seasons Chinese & Japanese Restaurant. There are also several professional services companies in the area including Horizon Financial Services and Steven P. Ziegelman CPA PC.

North Haledon (zip 07508) has an unemployment rate of 10.0%. The US average is 6.0%.

North Haledon (zip 07508) 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 21.7%, which is lower than the US average of 33.5%.

Tax Rates for North Haledon (zip 07508)
- The Sales Tax Rate for North Haledon (zip 07508) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for North Haledon (zip 07508) 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 North Haledon (zip 07508)
- The average income of a North Haledon (zip 07508) resident is $32,698 a year. The US average is $28,555 a year.
- The Median household income of a North Haledon (zip 07508) resident is $89,160 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Haledon, New JerseyUnited States
  106
  -8.3%-6.2%
  21.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $37,909$37,638
  $89,160$69,021
  $97,624$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  5.8%6.8%
  9.0%10.0%
  3.4%2.5%
  14.7%11.0%
  6.2%4.8%
  1.2%0.8%
  1.5%1.9%
  4.1%4.7%
  2.9%1.9%
  7.6%7.6%
  0.0%0.1%
  4.1%4.2%
  10.7%9.3%
  12.7%14.0%
  2.4%2.1%
  4.2%7.0%
  4.5%4.8%
  4.8%4.7%
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