Zip 07470 (Wayne, NJ) Economy


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07470 Wayne, NJ is an affluent neighborhood located in Passaic County. It's a great place to live with easy access to local businesses and entertainment venues. In terms of real estate, the 2 bedroom rent for 07470 Wayne is $2,070 which is significantly higher than the US average of $1,430. Grocery costs are also higher tending to be 107 versus 100 in the US according to the Grocery Cost Index. Local businesses in 07470 Wayne include Passaic Valley Diner & Restaurant, Jacobowitz and Gubits LLP, Valley National Bank and Yoga Haven Studios LLC. All these companies offer great services that residents can take advantage of at any time.

Wayne (zip 07470) has an unemployment rate of 6.5%. The US average is 6.0%.

Wayne (zip 07470) 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 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Wayne (zip 07470)
- The Sales Tax Rate for Wayne (zip 07470) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Wayne (zip 07470) 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 Wayne (zip 07470)
- The average income of a Wayne (zip 07470) resident is $46,173 a year. The US average is $28,555 a year.
- The Median household income of a Wayne (zip 07470) resident is $137,168 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWayne, New JerseyUnited States
  6.56
  -8.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $59,078$37,638
  $137,168$69,021
  $161,755$85,028
  Population by Occupation
  0.0%1.2%
  0.1%0.5%
  4.5%6.8%
  7.7%10.0%
  3.6%2.5%
  10.7%11.0%
  3.9%4.8%
  1.0%0.8%
  3.5%1.9%
  8.5%4.7%
  2.8%1.9%
  13.1%7.6%
  0.3%0.1%
  2.5%4.2%
  13.1%9.3%
  11.6%14.0%
  1.5%2.1%
  3.7%7.0%
  4.1%4.8%
  3.7%4.7%
Health