ZIP Code 07503

ZIP code 07503, in Paterson, sits in working-class to middle-income territory, with a median household income of $60,443 and per-capita income of $26,822. Homes here carry a median value of $350,900, and the county-level effective property tax rate of 2.18% applies to that figure. Combined with a 6.62% sales tax rate, the overall tax load leans on residents whose earnings trail both state and national medians, making each percentage point felt in daily budgets.