Zip 07462 (Vernon, NJ) Economy


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Vernon, NJ is a small city located in the 07462 zip code. This city is home to about 11,611 people and is known for its natural beauty. There are many rental options available in the area with two bedroom apartments costing an average of $1,630 per month. The cost of groceries here is relatively low compared to the rest of the US which has an index of 100 versus Vernon's index of 100. Popular local attractions include the Mountain Creek Water Park & Ski Resort, Crystal Springs Golf Club, and Thundering Waters Golf Club. There are a number of well-known companies that call Vernon home including Russell Companies LLC and Valley National Bank.

Vernon (zip 07462) has an unemployment rate of 8.6%. The US average is 6.0%.

Vernon (zip 07462) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Vernon (zip 07462)
- The Sales Tax Rate for Vernon (zip 07462) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Vernon (zip 07462) 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 Vernon (zip 07462)
- The average income of a Vernon (zip 07462) resident is $32,834 a year. The US average is $28,555 a year.
- The Median household income of a Vernon (zip 07462) resident is $86,736 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVernon, New JerseyUnited States
  8.66
  -7.2%-6.2%
  20.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $45,966$37,638
  $86,736$69,021
  $102,007$85,028
  Population by Occupation
  1.1%1.2%
  1.2%0.5%
  9.2%6.8%
  8.2%10.0%
  2.4%2.5%
  12.5%11.0%
  4.8%4.8%
  0.3%0.8%
  0.9%1.9%
  5.5%4.7%
  2.6%1.9%
  7.3%7.6%
  0.0%0.1%
  2.0%4.2%
  12.4%9.3%
  8.4%14.0%
  1.7%2.1%
  7.6%7.0%
  7.0%4.8%
  4.9%4.7%
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