Wyckoff, NJ is a great place to live. It boasts a vibrant economy and has many local companies, including Wyckoff Pharmacy, Wyckoff Pizza, and Wyckoff Bakery. The cost of living is higher than the national average, with 2 bedroom rent in Wyckoff being $2,480 compared to $1,430 nationally. However, groceries remain relatively affordable with a grocery cost index of 111 versus 100 nationally. With its close proximity to major cities such as New York and Philadelphia, it’s no wonder why so many people seek out this beautiful community for their home.
Wyckoff has an unemployment rate of 7.4%. The US average is 6.0%.
Wyckoff has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Wyckoff
- The Sales Tax Rate for Wyckoff is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Wyckoff 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 Wyckoff
- The average income of a Wyckoff resident is $66,733 a year. The US average is $28,555 a year.
- The Median household income of a Wyckoff resident is $167,368 a year. The US average is $69,021 a year.