Tenafly, NJ is a vibrant, flourishing city located in Bergen County. It is known for its strong sense of community and excellent school systems. The cost of living in Tenafly can be higher than the US average due to two-bedroom rent being almost double at $2,670 compared to $1,430 in the US. Grocery shopping can also be more expensive with a Grocery Cost Index of 112 versus 100 in the US. Despite these costs, there are many companies that make Tenafly a great place to live. These companies include Tesla Motors North America, Konica Minolta Business Solutions USA Inc., and PBF Energy Inc. All three have contributed to Tenfly's economy by providing jobs and economic support to the town. In my opinion, Tenafly is an ideal place for those who want to live close to New York City without sacrificing quality of life or economic growth opportunities.
Tenafly has an unemployment rate of 7.4%. The US average is 6.0%.
Tenafly 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 Tenafly
- The Sales Tax Rate for Tenafly is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Tenafly 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 Tenafly
- The average income of a Tenafly resident is $72,545 a year. The US average is $28,555 a year.
- The Median household income of a Tenafly resident is $179,833 a year. The US average is $69,021 a year.