Morris Plains, NJ (07950) is an affluent area with a population of 5,213 according to the 2010 US Census. The average 2 bedroom rent in this area is $2,440 compared to $1,430 in the US. Additionally, the Grocery Cost Index in Morris Plains is 107 versus 100 in the US.
Morris Plains is home to large companies such as Bayer Healthcare and Honeywell International, as well as many small businesses and shops. It also hosts several highly rated schools such as the Thomas Jefferson Middle School and Morris Knolls High School. There are a variety of parks and recreation centers for residents to enjoy, including Schooleys Mountain Park and Central Park of Morris County.
Morris Plains (zip 07950) has an unemployment rate of 5.9%. The US average is 6.0%.
Morris Plains (zip 07950) 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 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Morris Plains (zip 07950)
- The Sales Tax Rate for Morris Plains (zip 07950) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Morris Plains (zip 07950) 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 Morris Plains (zip 07950)
- The average income of a Morris Plains (zip 07950) resident is $50,613 a year. The US average is $28,555 a year.
- The Median household income of a Morris Plains (zip 07950) resident is $134,726 a year. The US average is $69,021 a year.