Zip 07420 (Wanaque, NJ) Economy


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07420 Wanaque, NJ is an excellent place to settle down. The two bedroom rent in the area is $1,880 which is slightly higher than the US average of $1,430, but there are plenty of options available to suit any budget. Companies such as Walmart, Burger King, and Starbucks are located in Wanaque for shopping and dining. Furthermore, there is a grocery cost index of 104 versus 100 in the US which makes it an affordable option for groceries. In terms of attractions, some local landmarks include the Haskell Public Library and High Mountain Park Preserve.

Wanaque (zip 07420) has an unemployment rate of 10.0%. The US average is 6.0%.

Wanaque (zip 07420) 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 Wanaque (zip 07420)
- The Sales Tax Rate for Wanaque (zip 07420) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Wanaque (zip 07420) 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 Wanaque (zip 07420)
- The average income of a Wanaque (zip 07420) resident is $28,973 a year. The US average is $28,555 a year.
- The Median household income of a Wanaque (zip 07420) resident is $100,130 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWanaque, New JerseyUnited States
  106
  -8.3%-6.2%
  21.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $37,557$37,638
  $100,130$69,021
  $100,778$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  8.4%6.8%
  6.8%10.0%
  2.4%2.5%
  16.8%11.0%
  4.1%4.8%
  1.0%0.8%
  1.3%1.9%
  6.7%4.7%
  0.9%1.9%
  5.6%7.6%
  0.3%0.1%
  5.8%4.2%
  9.0%9.3%
  16.8%14.0%
  1.8%2.1%
  9.3%7.0%
  1.6%4.8%
  0.9%4.7%
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