Glen Ridge, NJ Economy


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Glen Ridge, NJ is a picturesque small town located near New York City. The town boasts two bedroom rent at an average of $1,990 per month, a slight premium over the US average of $1,430. Not only does Glen Ridge have higher rent than the US average it also features higher grocery cost index at 110 versus 100 in the US. Local businesses and attractions that make living in Glen Ridge so special are Corrados Pizza, The Little Daisy Bake Shop and a host of parks such as Carteret Park and Lindsley Park. Glen Ridge is also close to plenty of attractions in nearby New York City making it ideal for those looking for a quiet place to call home with easy access to all the amenities a large city has to offer.

Glen Ridge has an unemployment rate of 9.6%. The US average is 6.0%.

Glen Ridge 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 Glen Ridge
- The Sales Tax Rate for Glen Ridge is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Glen Ridge 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 Glen Ridge
- The average income of a Glen Ridge resident is $73,378 a year. The US average is $28,555 a year.
- The Median household income of a Glen Ridge resident is $243,899 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGlen Ridge, New JerseyUnited States
  9.66
  -7.3%-6.2%
  20.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $98,748$37,638
  $243,899$69,021
  $250,001$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.1%6.8%
  3.5%10.0%
  1.2%2.5%
  2.9%11.0%
  1.2%4.8%
  0.7%0.8%
  8.6%1.9%
  19.1%4.7%
  11.3%1.9%
  17.7%7.6%
  1.4%0.1%
  2.9%4.2%
  11.8%9.3%
  8.6%14.0%
  3.5%2.1%
  1.0%7.0%
  2.5%4.8%
  1.1%4.7%
Reviews for Glen Ridge
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Over 18 years ago

The entire town of Glen Ridge is a historic district with beautiful homes of all sizes mostly built between 1860s and 1930s. From large estates to little Victorians.   More

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