Essex Fells, NJ is a small suburban town in North Jersey. It provides a great quality of life with its beautiful residences and close-knit community. The cost of living here is quite high compared to the rest of the United States. A 2 bedroom apartment costs around $2,030 per month in Essex Fells versus $1,430 per month nationally. Grocery Cost Index in Essex Fells is 113 versus 100 in the US. There are many local businesses that contribute to the economy like J&K Financial Services, Dreamy Donuts Inc., and The Garden Path Cafe. With its low crime rate and easy access to public transportation, Essex Fells remains a popular destination for families and young professionals alike.
Essex Fells has an unemployment rate of 9.6%. The US average is 6.0%.
Essex Fells 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 Essex Fells
- The Sales Tax Rate for Essex Fells is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Essex Fells 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 Essex Fells
- The average income of a Essex Fells resident is $87,828 a year. The US average is $28,555 a year.
- The Median household income of a Essex Fells resident is $250,001 a year. The US average is $69,021 a year.