Clark, NJ is a small town located in Union County, New Jersey. It is home to approximately 15,000 residents who enjoy the town's quiet atmosphere and amenities such as parks and recreation centers. The cost of living in Clark is slightly higher than the national average due to the area's proximity to larger cities such as Newark and its suburban neighborhoods.
Rent for a two bedroom apartment in Clark is around $1,770 while rent for a two bedroom apartment nationally averages $1,430. Grocery costs are also higher with an index of 107 compared to 100 nationally. Clark has many local businesses such as Gino's Italian Deli & Bakery, Hudson's Auto Center, and the New Village Pizzeria & Restaurant which all contribute to the small-town charm of Clark.
Clark has an unemployment rate of 8.0%. The US average is 6.0%.
Clark 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Clark
- The Sales Tax Rate for Clark is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Clark 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 Clark
- The average income of a Clark resident is $39,517 a year. The US average is $28,555 a year.
- The Median household income of a Clark resident is $114,141 a year. The US average is $69,021 a year.