Zip 07821 (Andover, NJ) Economy


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Andover, NJ (07821) is a beautiful town located in Sussex county that offers a safe and quiet environment for families. The 2 bedroom rent in Andover is slightly more expensive than the US average at $1,670 compared to $1,430. Andover also has higher grocery costs with an index of 105 versus 100 in the US. \nLocal businesses can be found throughout the town of Andover including Apgar Oil Company, Aardvark Pest Control & Wildlife Management, and B&D Plumbing & Heating. While the cost of living in Andover may be slightly more expensive than other towns, it remains to be quite reasonable making it attractive for potential residents.

Andover (zip 07821) has an unemployment rate of 7.7%. The US average is 6.0%.

Andover (zip 07821) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.

Tax Rates for Andover (zip 07821)
- The Sales Tax Rate for Andover (zip 07821) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Andover (zip 07821) 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 Andover (zip 07821)
- The average income of a Andover (zip 07821) resident is $45,123 a year. The US average is $28,555 a year.
- The Median household income of a Andover (zip 07821) resident is $122,206 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAndover, New JerseyUnited States
  7.76
  -7.2%-6.2%
  21.1%33.5%
  6.6%6.2%
  5.5%4.6%
  $52,956$37,638
  $122,206$69,021
  $139,375$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  9.3%6.8%
  10.0%10.0%
  2.2%2.5%
  9.7%11.0%
  4.3%4.8%
  0.5%0.8%
  1.9%1.9%
  2.7%4.7%
  2.1%1.9%
  14.4%7.6%
  0.0%0.1%
  1.5%4.2%
  13.3%9.3%
  13.9%14.0%
  1.5%2.1%
  3.6%7.0%
  3.1%4.8%
  4.7%4.7%
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