Riverton, NJ (08077) is an ideal city for those looking to combine suburban peace with access to major urban centers. It is located close to Philadelphia, giving residents easy access to the city's cultural resources and economic opportunities. Renting a two bedroom apartment in Riverton costs around $1,970 per month, slightly higher than the national average of $1,430. The area also has a grocery cost index of 106 compared to 100 nationally.
Local businesses in Riverton include a variety of restaurants like Esperanza Mexican Grille, Mi Rinconcito Latina Restaurant, and Riverton Country Club; stores such as CVS Pharmacy; and services like Riverton Locksmiths and Rivertec Auto Repair. Living costs are generally moderate-to-high due to housing prices being higher than the US average. However, given its proximity to Philadelphia and other nearby cities as well as its local amenities, living in Riverton can be quite appealing for many people.
Riverton (zip 08077) has an unemployment rate of 6.4%. The US average is 6.0%.
Riverton (zip 08077) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Riverton (zip 08077)
- The Sales Tax Rate for Riverton (zip 08077) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Riverton (zip 08077) 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 Riverton (zip 08077)
- The average income of a Riverton (zip 08077) resident is $39,957 a year. The US average is $28,555 a year.
- The Median household income of a Riverton (zip 08077) resident is $120,174 a year. The US average is $69,021 a year.