Zip 07063 (Plainfield, NJ) Economy


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equestId":"21c8656a-3489-4029-ae89-62f3f5622900","resource":"content","data":[{"id":"txt_e21c5389f86d46f780484bf301884680","text":" and cost of living\n \nLocated in Union County, Plainfield, New Jersey is a city with an estimated population of over 50,000 people. It has a median 2 bedroom rent of $1,770 which is more than the US average of $1,430. The Grocery Cost Index for Plainfield is 103 versus 100 in the US. There are many companies in and around Plainfield such as PSE&G, Johnson & Johnson, and Rutgers University providing employment opportunities to the citizens. Overall the cost of living in Plainfield is higher than some other places in New Jersey but its proximity to New York City makes it a good option for those who want to enjoy urban amenities without paying too much rent.

Plainfield (zip 07063) has an unemployment rate of 11.8%. The US average is 6.0%.

Plainfield (zip 07063) 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 18.0%, which is lower than the US average of 33.5%.

Tax Rates for Plainfield (zip 07063)
- The Sales Tax Rate for Plainfield (zip 07063) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Plainfield (zip 07063) 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 Plainfield (zip 07063)
- The average income of a Plainfield (zip 07063) resident is $22,633 a year. The US average is $28,555 a year.
- The Median household income of a Plainfield (zip 07063) resident is $69,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPlainfield, New JerseyUnited States
  11.86
  -7.3%-6.2%
  18.0%33.5%
  6.6%6.2%
  5.5%4.6%
  $28,177$37,638
  $69,750$69,021
  $73,168$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  9.3%6.8%
  12.2%10.0%
  4.2%2.5%
  11.3%11.0%
  9.0%4.8%
  0.2%0.8%
  3.5%1.9%
  5.2%4.7%
  2.8%1.9%
  3.6%7.6%
  0.0%0.1%
  8.0%4.2%
  7.9%9.3%
  10.4%14.0%
  1.6%2.1%
  4.8%7.0%
  2.7%4.8%
  3.2%4.7%
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Over 16 years ago

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