ZIP Code 07506

Households in ZIP code 07506, near Paterson, bring in a median income of $110,237, with per-capita earnings of $52,062. A median home value of $533,700 paired with a 2.18% county property tax rate means annual property taxes land near $11,635, a meaningful line item against that income. Sales tax runs 6.62% on purchases, adding to everyday costs. Even so, the earnings base here is strong enough that many households can absorb these obligations while still covering other expenses, though the property tax bill in particular takes a sizable bite out of annual earnings.