Edison, NJ is a great place to live for those looking to balance city-living with suburban peace. Not only does this town offer reasonable rent at almost $1,970 for two bedroom apartments, but it also has a significantly higher grocery cost index than the US average of 100; in Edison it is 106. Several notable companies such as Johnson & Johnson and Raritan Valley Community College are based in Edison. It is the perfect mix of urban and suburban living making it a desirable location for many people. The access to local businesses and transportation makes it an ideal choice when considering where to live.
Edison has an unemployment rate of 6.9%. The US average is 6.0%.
Edison has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Edison
- The Sales Tax Rate for Edison is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Edison 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 Edison
- The average income of a Edison resident is $39,155 a year. The US average is $28,555 a year.
- The Median household income of a Edison resident is $110,896 a year. The US average is $69,021 a year.