River Edge, NJ is a great place to live and work. With a 2 bedroom rent of $2,120, it is slightly higher than the US average at $1,430. However, the cost of living in River Edge is compensated for with lower grocery costs. The Grocery Cost Index is 107 in River Edge versus 100 in the US overall. This makes it an attractive city for anyone looking to move or start their own business. Local companies include Valley Bank, Lodi Insurance Group, and Carella Byers & Associates Attorneys at Law. In all, River Edge is a great city with a reasonable cost of living that attracts people from both near and far away!
River Edge has an unemployment rate of 7.4%. The US average is 6.0%.
River Edge 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 25.3%, which is lower than the US average of 33.5%.
Tax Rates for River Edge
- The Sales Tax Rate for River Edge is 6.6%. The US average is 7.3%.
- The Income Tax Rate for River Edge 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 River Edge
- The average income of a River Edge resident is $44,503 a year. The US average is $28,555 a year.
- The Median household income of a River Edge resident is $142,214 a year. The US average is $69,021 a year.