Paterson, NJ, zipcode 07513 is a vibrant and bustling city with an exciting array of entertainment opportunities. Home to local businesses such as NJ Flora Health Center, Seton Hall University and Major League Soccer team the Red Bulls, Paterson offers a wealth of activities. Two bedroom rent in Paterson is $1,660 per month compared to the US average of $1,430. The local Grocery Cost Index is 104 versus the US base level of 100. This suggests that groceries are slightly more expensive in Paterson than in other parts of the country. There are numerous popular attractions in Paterson including Garrett Mountain Reservation which features breathtaking views and trails for running or hiking; Great Falls National Historical Park which showcases a 77-foot waterfall; Lambert Castle Museum featuring history exhibits and plenty of outdoor activities; as well as historic sites like Market Street Bridge and Alexander Hamilton Statue. With so much to choose from it's easy to see why Paterson is a great place to live and visit!
Paterson (zip 07513) has an unemployment rate of 14.8%. The US average is 6.0%.
Paterson (zip 07513) 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 17.9%, which is lower than the US average of 33.5%.
Tax Rates for Paterson (zip 07513)
- The Sales Tax Rate for Paterson (zip 07513) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Paterson (zip 07513) 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 Paterson (zip 07513)
- The average income of a Paterson (zip 07513) resident is $18,387 a year. The US average is $28,555 a year.
- The Median household income of a Paterson (zip 07513) resident is $55,625 a year. The US average is $69,021 a year.