Jersey City, NJ is an attractive and vibrant city located in the New York metropolitan area with a variety of amenities and activities for residents. Within Jersey City, there are numerous large businesses such as Goldman Sachs, Prudential Financial, and JP Morgan Chase that offer job opportunities and economic growth to the city. Additionally, Jersey City has diverse cultural attractions such as the Liberty State Park and the Ellis Island Immigration Museum that provide its inhabitants with a unique experience. Furthermore, despite being located close to New York City, Jersey City has lower rental costs (2 bedroom rent averages of $2,220 compared to US average of $1,430) and grocery prices (cost index of 108 versus 100 in the US). All this makes it an attractive place to call home.
Jersey City has an unemployment rate of 8.3%. The US average is 6.0%.
Jersey City 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 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Jersey City
- The Sales Tax Rate for Jersey City is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Jersey City 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 Jersey City
- The average income of a Jersey City resident is $32,791 a year. The US average is $28,555 a year.
- The Median household income of a Jersey City resident is $81,390 a year. The US average is $69,021 a year.