Chester borough, NJ Economy


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Chester Borough, NJ is an exciting place to live with plenty of local companies, attractions and amenities. The 2 bedroom rental prices in Chester are competitive compared to the US average at just under $1,940 per month. Residents can also enjoy a wide variety of local shopping opportunities as the area's Grocery Cost Index is 9 points above the national average. For those who prefer outdoor activities, there are several parks and trails located at nearby Valle de Oro Wildlife Refuge. Additionally, popular businesses such as Lowe's Home Improvement, Target and Wal-Mart are all within easy reach of Chester Borough. There is something for everyone in this cozy borough!

Chester borough has an unemployment rate of 6.2%. The US average is 6.0%.

Chester borough 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 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Chester borough
- The Sales Tax Rate for Chester borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Chester 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 Chester borough
- The average income of a Chester borough resident is $49,976 a year. The US average is $28,555 a year.
- The Median household income of a Chester borough resident is $126,806 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester borough, New JerseyUnited States
  6.26
  -7.3%-6.2%
  23.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $63,084$37,638
  $126,806$69,021
  $178,125$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  8.0%6.8%
  8.4%10.0%
  0.8%2.5%
  19.4%11.0%
  0.9%4.8%
  1.1%0.8%
  4.1%1.9%
  4.5%4.7%
  1.5%1.9%
  10.7%7.6%
  0.3%0.1%
  3.7%4.2%
  10.1%9.3%
  11.0%14.0%
  1.6%2.1%
  4.5%7.0%
  4.4%4.8%
  2.7%4.7%
Reviews for Chester borough
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Over 18 years ago

Chester is amazing. I grew up here, and I am so grateful for that. Although now, the houses are getting quite expensive, they are gorgeous, and most are historic. The  More

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small town, lots of open space for kids to play.... schools are just okay, good neighbor and newcomer  More

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