Englewood Cliffs, NJ is a great place to live with a variety of local companies providing plenty of job opportunities. Many people are drawn to the area for its close proximity to New York City and its diverse population. Renting a two-bedroom apartment in Englewood Cliffs costs around $2,670 a month, which is nearly double the national average of $1,430. Grocery costs in Englewood Cliffs are also notably higher than other places in the US, with an index of 117 compared to the US average of 100. Popular employers in the area include Unilever USA, BMW North America LLC, Mercedes Benz USA, Sony Corporation of America, and NBC Universal Media LLC. With high rent costs and other living expenses factored in to daily life here it can be difficult to make ends meet but with competitive salaries many residents find that the cost of living in Englewood Cliffs is worth it.
Englewood Cliffs has an unemployment rate of 7.4%. The US average is 6.0%.
Englewood Cliffs 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 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Englewood Cliffs
- The Sales Tax Rate for Englewood Cliffs is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Englewood Cliffs 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 Englewood Cliffs
- The average income of a Englewood Cliffs resident is $66,391 a year. The US average is $28,555 a year.
- The Median household income of a Englewood Cliffs resident is $191,875 a year. The US average is $69,021 a year.