Annandale, NJ Economy


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Annandale, NJ is located in Hunterdon County and is a popular destination for many people. The average two bedroom rent in Annandale is $2,110, which is much higher than the US average of $1,430. Additionally, the Grocery Cost Index in Annandale is 106 versus 100 in the US. This high cost of living makes it an ideal location for business owners looking to set up shop. Some local companies include Annandale Hardware Store, Hunterdon County Printing Company, and K&K Pawn Shop. Other businesses such as restaurants and retail shops are also common throughout the town.

Annandale has an unemployment rate of 5.9%. The US average is 6.0%.

Annandale 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 22.4%, which is lower than the US average of 33.5%.

Tax Rates for Annandale
- The Sales Tax Rate for Annandale is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Annandale 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 Annandale
- The average income of a Annandale resident is $49,376 a year. The US average is $28,555 a year.
- The Median household income of a Annandale resident is $118,854 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAnnandale, New JerseyUnited States
  5.96
  -7.2%-6.2%
  22.4%33.5%
  6.6%6.2%
  5.5%4.6%
  $52,427$37,638
  $118,854$69,021
  $130,109$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  6.1%10.0%
  4.1%2.5%
  1.3%11.0%
  8.2%4.8%
  1.1%0.8%
  7.3%1.9%
  10.0%4.7%
  0.0%1.9%
  21.4%7.6%
  0.0%0.1%
  2.1%4.2%
  9.4%9.3%
  18.0%14.0%
  0.0%2.1%
  1.2%7.0%
  7.9%4.8%
  1.8%4.7%
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