Elizabeth, New Jersey 07208 is a great place to call home. The two bedroom rent in the area is $1,540, which is higher than the national average of $1,430. In addition to affordable rental prices, the grocery cost index in Elizabeth NJ 07208 is 105 versus 100 in the US. This means that groceries are more expensive when compared to the rest of the country but not too much higher than average. There are several local companies that help support this community including Shoprite Supermarkets, Walgreens Pharmacy, Acme Markets and Target. All of these businesses offer excellent prices on everyday items as well as other services such as medical care and home delivery options. Residents of Elizabeth can expect to find quality goods for competitive prices when they shop at local stores.
Elizabeth (zip 07208) has an unemployment rate of 9.6%. The US average is 6.0%.
Elizabeth (zip 07208) 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 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Elizabeth (zip 07208)
- The Sales Tax Rate for Elizabeth (zip 07208) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Elizabeth (zip 07208) 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 Elizabeth (zip 07208)
- The average income of a Elizabeth (zip 07208) resident is $22,650 a year. The US average is $28,555 a year.
- The Median household income of a Elizabeth (zip 07208) resident is $54,683 a year. The US average is $69,021 a year.