07506 Hawthorne, NJ is a great place to live for those who want to stay in the area of North Jersey. With a 2 bedroom rent of $1,890 and a grocery cost index of 106 compared to the US average, Hawthorne provides an affordable living experience without sacrificing quality. Popular companies located in the city include Xylem Water Solutions, Public Service Enterprise Group Inc., and Rich Products Corporation. Due to its close proximity to major cities such as New York City, Newark, and Paterson it has become an ideal place for people looking to work in these areas but still maintain the comforts of a suburban lifestyle.
Hawthorne (zip 07506) has an unemployment rate of 10.0%. The US average is 6.0%.
Hawthorne (zip 07506) has seen the job market decrease by -8.3% 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 Hawthorne (zip 07506)
- The Sales Tax Rate for Hawthorne (zip 07506) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hawthorne (zip 07506) 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 Hawthorne (zip 07506)
- The average income of a Hawthorne (zip 07506) resident is $50,280 a year. The US average is $37,638 a year.
- The Median household income of a Hawthorne (zip 07506) resident is $107,416 a year. The US average is $69,021 a year.