ZIP Code 07442

Households in ZIP code 07442, near Paterson, earn a median of $124,454 a year, with per-capita income at $55,018. A median home value of $442,400 carries a 2.18% county effective property tax rate, which works out to roughly $9,600 annually for a home at that value — a real line item against those earnings. Sales tax in the area runs 6.62%, so everyday purchases also take a cut. The gap between household and per-capita income hints at larger households pooling resources, and housing costs plus taxes together shape how much of that $124,454 stays available for everything else.