Beachwood, NJ is a desirable area to live due to its affordability. With a 2 bedroom rent of $1860, it's lower than the US average of $1430. It also offers more bang for your buck when it comes to groceries as their grocery cost index stands at 103 compared with the US average of 100. Beachwood offers plenty of local companies and attractions such as The Beachwood Mall which is filled with popular stores like Macy’s and Hollister. Another great attraction is Island Beach State Park which is perfect for hiking, swimming and enjoying nature. No matter what you are looking for in a town, Beachwood has something for everyone!
Beachwood has an unemployment rate of 7.5%. The US average is 6.0%.
Beachwood has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Beachwood
- The Sales Tax Rate for Beachwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Beachwood 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 Beachwood
- The average income of a Beachwood resident is $31,097 a year. The US average is $28,555 a year.
- The Median household income of a Beachwood resident is $88,940 a year. The US average is $69,021 a year.