Frelinghuysen, NJ is a small but thriving town located in the heart of Morris County. The cost of living is slightly higher than the US average, with 2 bedroom rent being $1,690 compared to $1,430 nationally. Grocery Cost Index is also higher at 106 versus 100 in the US. Despite the seemingly high costs of living, Frelinghuysen is a pleasant place to live with a number of local companies contributing to its economy. These include luxury shops such as Lori and Lulu's Boutique, Café Madison for delicious eats and drinks, and Bromley & Co., an independent clothing store. Frelinghuysen also features plenty of recreational activities such as hiking trails around Schooley’s Mountain Park or taking a stroll along the beautiful paths at Flanders Valley Nature Preserve; making it an ideal place for outdoor enthusiasts. With its many offerings and amenities, Frelinghuysen is certainly a great city worth considering when thinking about where to live!
Frelinghuysen has an unemployment rate of 7.0%. The US average is 6.0%.
Frelinghuysen has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Frelinghuysen
- The Sales Tax Rate for Frelinghuysen is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Frelinghuysen 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 Frelinghuysen
- The average income of a Frelinghuysen resident is $39,543 a year. The US average is $28,555 a year.
- The Median household income of a Frelinghuysen resident is $109,631 a year. The US average is $69,021 a year.