ZIP Code 07501

In ZIP code 07501, which covers part of Paterson, homes carry a median value of $333,800 while households earn a median of $44,300 a year. The county-level effective property tax rate of 2.18% works out to a substantial annual bill on that home value, a heavy load against local earnings. Per-capita income sits at $22,958, and the combined sales tax rate of 6.62% adds further cost to everyday purchases. Together these figures show how steep housing and tax costs can be relative to what people here actually bring in.