East Newark, NJ is a great place to live and work with its close proximity to New York City. The average cost of rent for two bedrooms in East Newark is $1,930 which is much lower than the US average of $1,430. Additionally, East Newark has a higher Grocery Cost index at 107 compared to the US index of 100.
East Newark is home to companies like PSE&G, Health Management Systems (HMS), Fuss & O’Neill, and First Atlantic Federal Credit Union. These local businesses provide jobs for many people in the area as well as goods and services. They contribute to the unique culture that makes East Newark such an attractive place to live and visit.
East Newark has an unemployment rate of 8.3%. The US average is 6.0%.
East Newark has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for East Newark
- The Sales Tax Rate for East Newark is 6.6%. The US average is 7.3%.
- The Income Tax Rate for East Newark 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 East Newark
- The average income of a East Newark resident is $22,218 a year. The US average is $28,555 a year.
- The Median household income of a East Newark resident is $60,048 a year. The US average is $69,021 a year.