Bridgewater, NJ is a great place to live with a variety of options for employment opportunities. The town is home to major corporations like Sanofi, Johnson & Johnson, and Robert Wood Johnson University Hospital. With these major companies in Bridgewater, NJ residents can find plenty of sources of employment in the area. Additionally, the cost of living in Bridgewater is significantly higher than the US average. Rent for a two bedroom apartment can reach $2,160 compared to an average US rate of $1,430 for the same size apartment. When it comes to grocery costs, Bridgewater has an index of 107 versus 100 for the US as a whole. Despite these higher costs, many people are drawn to Bridgewater due to its proximity to New York City and easy access to nearby beaches.
Bridgewater has an unemployment rate of 6.1%. The US average is 6.0%.
Bridgewater has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Bridgewater
- The Sales Tax Rate for Bridgewater is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bridgewater 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 Bridgewater
- The average income of a Bridgewater resident is $49,230 a year. The US average is $28,555 a year.
- The Median household income of a Bridgewater resident is $142,707 a year. The US average is $69,021 a year.