New Brunswick, NJ is a vibrant city offering its residents a unique mix of urban and suburban living. The city is home to various cultural attractions such as the Zimmerli Art Museum and the State Theater, as well as world-class universities like Rutgers University and Robert Wood Johnson Medical School. Despite its urban environment, 2 bedroom rent in New Brunswick is still relatively affordable compared to other U.S. cities at only $1,770 per month compared to the US average of $1,430 per month. Additionally, the Grocery Cost Index in New Brunswick is slightly higher than the national average at 104 vs 100 in the US. Local companies, businesses and employers include Johnson & Johnson, Santander Bank N.A., Bristol-Myers Squibb Company and Devco Properties LLC just to name a few.
New Brunswick has an unemployment rate of 6.6%. The US average is 6.0%.
New Brunswick 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 27.8%, which is lower than the US average of 33.5%.
Tax Rates for New Brunswick
- The Sales Tax Rate for New Brunswick is 6.6%. The US average is 7.3%.
- The Income Tax Rate for New Brunswick 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 New Brunswick
- The average income of a New Brunswick resident is $14,119 a year. The US average is $28,555 a year.
- The Median household income of a New Brunswick resident is $49,338 a year. The US average is $69,021 a year.