Paterson, NJ — income, home value, property tax, and sales tax.
In ZIP code 07508, near Paterson, households earn a median of $95,806, or $44,225 per person. A median home is valued at $473,700, and the county-level property tax rate of 2.18% translates into a substantial annual bill on that amount. Sales tax adds 6.62% to most purchases. Together, these figures sketch a fairly expensive place to live: solid incomes, but steep housing costs and two ongoing taxes that take a real bite out of what households keep.
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