Boonton, NJ 7005

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 2070 2630 $10,319 $1,721
(20.29% of returns)
$2,180
(4.83% of returns)
$6,422
$25,000 to $50,000 1370 2160 $32,586 $3,240
(18.25% of returns)
$7,680
(15.33% of returns)
$6,558
$50,000 to $75,000 980 1660 $50,031 $3,296
(30.61% of returns)
$16,830
(20.41% of returns)
$7,096
$75,000 to $100,000 740 1460 $60,975 $3,714
(37.84% of returns)
$22,729
(22.97% of returns)
$7,817
$100,000 to $200,000 1750 4560 $82,860 $5,848
(51.43% of returns)
$26,850
(21.71% of returns)
$10,046
Over $200,000 1030 3090 $257,925 $17,710
(70.87% of returns)
$31,075
(15.53% of returns)
$13,107
For Zip 7940 15560 $85,983

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Income Tax Rates

Rate Minimum Income Maximum Income
0.014 0 20000
0.0175 20000 35000
0.035 35000 40000
0.05525 40000 75000
0.0637 75000 500000
0.0897 500000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0221 1

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06625 -0.0003 0.0660 30