07031 North Arlington, NJ is a great place to live with rent and grocery costs lower than the national average. 2 bedroom rent in the area costs $1,750, which is $320 less than the US median of $1,430. Additionally, grocery cost index in North Arlington is 106 versus 100 nationally. This makes it a great location for those looking for affordable living with easy access to amenities and local businesses. The area has many local companies such as Hackensack University Medical Center, REI Co-Op, Wells Fargo Bank, Starbucks Coffee and Whole Foods Market.
North Arlington (zip 07031) has an unemployment rate of 7.4%. The US average is 6.0%.
North Arlington (zip 07031) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for North Arlington (zip 07031)
- The Sales Tax Rate for North Arlington (zip 07031) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for North Arlington (zip 07031) 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 North Arlington (zip 07031)
- The average income of a North Arlington (zip 07031) resident is $46,258 a year. The US average is $37,638 a year.
- The Median household income of a North Arlington (zip 07031) resident is $94,012 a year. The US average is $69,021 a year.