Bogota, NJ (07603) is an attractive area to live in due to its relatively low 2 Bedroom Rent which is $1,760 in contrast to the US’s 2 Bedroom Rent of $1,430. The Grocery Cost Index in Bogota is also reasonable at 106 compared to the US’s index of 100. There are many local businesses that provide services to the residents of Bogota. Some of these include Scanlon's Auto Repair for car maintenance, D'Angelo Jewelers for custom jewelry, Planet Fitness for fitness classes, and La Palma Restaurant for delicious Latin American cuisine. All these companies offer quality services at competitive prices, making them a great choice for Bogota inhabitants.
Bogota (zip 07603) has an unemployment rate of 7.4%. The US average is 6.0%.
Bogota (zip 07603) 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 Bogota (zip 07603)
- The Sales Tax Rate for Bogota (zip 07603) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bogota (zip 07603) 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 Bogota (zip 07603)
- The average income of a Bogota (zip 07603) resident is $30,011 a year. The US average is $28,555 a year.
- The Median household income of a Bogota (zip 07603) resident is $104,949 a year. The US average is $69,021 a year.