ZIP Code 07502

In ZIP code 07502, near Paterson, households bring in a median of $76,790 a year, though per-capita income sits at $25,563, a gap that hints at larger households pooling earnings. A median home value of $375,300 carries an effective property tax rate of 2.18% at the county level, which works out to a substantial annual bill. Add the 6.62% combined sales tax on everyday purchases, and paychecks here stretch across housing, goods, and local levies. How far that income goes depends largely on whether a household owns or rents.