Zip 07647 (Northvale, NJ) Economy


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Northvale, NJ, with zip code 07647, is a great place to call home. The average two bedroom rent in the area is $1,900 which is significantly higher than the national rate of $1,430. Furthermore, Northvale has a high cost of living when it comes to groceries as the grocery cost index in the area is 107 compared to 100 nationally.
The town of Northvale offers many local companies and attractions for its residents. Notable businesses include Northvale Car Wash & Lube Center, Messina Deli & Pizza, and Northvale Pharmacy. Popular attractions include Oradell Reservoir Park, Overpeck County Park, Saddle River County Park and Wood Dale County Park. For a unique experience visit Demarest Farms where you can pick your own fruits or shop at their general store and bakery for fresh produce.

Northvale (zip 07647) has an unemployment rate of 7.4%. The US average is 6.0%.

Northvale (zip 07647) 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 Northvale (zip 07647)
- The Sales Tax Rate for Northvale (zip 07647) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Northvale (zip 07647) 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 Northvale (zip 07647)
- The average income of a Northvale (zip 07647) resident is $38,727 a year. The US average is $28,555 a year.
- The Median household income of a Northvale (zip 07647) resident is $112,610 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorthvale, New JerseyUnited States
  7.46
  -8.2%-6.2%
  25.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $50,681$37,638
  $112,610$69,021
  $118,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.0%6.8%
  13.6%10.0%
  2.9%2.5%
  6.2%11.0%
  1.6%4.8%
  0.9%0.8%
  2.7%1.9%
  3.5%4.7%
  0.3%1.9%
  8.5%7.6%
  0.1%0.1%
  5.3%4.2%
  15.6%9.3%
  19.0%14.0%
  0.5%2.1%
  4.6%7.0%
  1.1%4.8%
  5.6%4.7%
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