Rutherford, NJ is a great place to live - it is conveniently located near nearby cities such as Hackensack and Jersey City, providing easy access to entertainment, shopping, dining, and more. The cost of living in Rutherford is higher than the US average - 2 bedroom rent averages at $1,840 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Rutherford is 107 versus 100 in the US. \nRutherford is home to several notable businesses such as Kings Food Markets, Bergen Linen Services Inc., Marshalls Pest Control Inc., Justified Quality Systems Inc., and NJ Sealing Components Inc. These companies offer many services that add to the area’s charm and provide residents with plenty of employment options. All in all, Rutherford is an ideal place to call home!
Rutherford has an unemployment rate of 7.4%. The US average is 6.0%.
Rutherford 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 Rutherford
- The Sales Tax Rate for Rutherford is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Rutherford 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 Rutherford
- The average income of a Rutherford resident is $40,050 a year. The US average is $28,555 a year.
- The Median household income of a Rutherford resident is $118,462 a year. The US average is $69,021 a year.