Blackwood, NJ is a great place for those looking to rent an apartment without breaking the bank. The average 2 bedroom rent in Blackwood is only $1,420, while the US average is $1,430. Additionally, Blackwood has a grocery cost index of 104 compared to 100 nationally. This means that groceries are more affordable in Blackwood than most other places in the US. In addition to having affordable rental rates and prices at stores, Blackwood also has plenty of local businesses to explore. Some popular companies in the area include Blackwood Automotive Repair, Kitchen Magic Design Center LLC, and Charriton's Plumbing and Heating. With its low cost of living and array of local businesses, Blackwood is a great place to call home.
Blackwood has an unemployment rate of 8.0%. The US average is 6.0%.
Blackwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Blackwood
- The Sales Tax Rate for Blackwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Blackwood is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Blackwood
- The average income of a Blackwood resident is $25,984 a year. The US average is $28,555 a year.
- The Median household income of a Blackwood resident is $73,056 a year. The US average is $69,021 a year.