Andover Borough, NJ is a great place to live. Home to many popular local businesses such as Andover Pharmacy, The Shoppes at Andover and Stiles Cinema, it is a great place for residents to socialize and shop. The cost of living in Andover Borough is slightly higher than the national average but still affordable. The two bedroom rent in Andover is $1,660 compared to the national average which stands at $1,430. Similarly grocery costs are around 105 compared to the US index of 100. All in all, Andover borough offers excellent amenities for those looking to settle down in a bustling yet affordable city.
Andover borough has an unemployment rate of 7.7%. The US average is 6.0%.
Andover borough has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Andover borough
- The Sales Tax Rate for Andover borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Andover borough 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 Andover borough
- The average income of a Andover borough resident is $34,117 a year. The US average is $28,555 a year.
- The Median household income of a Andover borough resident is $68,125 a year. The US average is $69,021 a year.