Caldwell, NJ Economy


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Caldwell, NJ is a great place to live. With a 2 bedroom rent of $1,910, it is just slightly higher than the US average of $1,430. The cost of food is also on par with the national average according to the Grocery Cost Index which gives Caldwell an index rating of 108 versus 100 as the US average. The community has plenty to offer from nearby businesses and recreational activities. \nLocal companies abound throughout Caldwell including restaurants like Thai Express Jersey & Tony's Pizza and Italian Restaurant for dining out or shopping at stores such as DeCotiis Properties for apparel and supplies or the popular Willowbrook Mall for larger selection. Additionally there is no shortage of recreational activities available in Caldwell like visiting William G Mennen Sports Arena which offers sports fields, tennis courts and walking paths or exploring Turtleback Zoo to see some of their amazing animals. All-in-all Caldwell is an excellent place to live with something for everyone!

Caldwell has an unemployment rate of 9.6%. The US average is 6.0%.

Caldwell 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 20.9%, which is lower than the US average of 33.5%.

Tax Rates for Caldwell
- The Sales Tax Rate for Caldwell is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Caldwell 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 Caldwell
- The average income of a Caldwell resident is $40,975 a year. The US average is $28,555 a year.
- The Median household income of a Caldwell resident is $107,596 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaldwell, New JerseyUnited States
  9.66
  -7.3%-6.2%
  20.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $52,902$37,638
  $107,596$69,021
  $126,638$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.0%6.8%
  7.2%10.0%
  4.4%2.5%
  11.8%11.0%
  1.6%4.8%
  1.8%0.8%
  2.0%1.9%
  4.2%4.7%
  2.2%1.9%
  17.5%7.6%
  0.1%0.1%
  4.6%4.2%
  11.8%9.3%
  11.2%14.0%
  3.0%2.1%
  6.8%7.0%
  3.6%4.8%
  3.2%4.7%
Reviews for Caldwell
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I enjoyed living in Caldwell from 2012 to 2018. There's a downtown with shops, library, diner, and grocery store. Grover Cleveland Park is large and pleasant for  More

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