Rockaway borough, NJ is a vibrant community located in Morris County. The area boasts numerous amenities and services that make it an attractive place to live. There are plenty of local businesses such as Rockaway Valley Pharmacy, Royal Dairy Corporation, and Little Falls Family Grocery that provide essential goods and services to the residents. Rent for a two-bedroom apartment in Rockaway borough is slightly higher than the national average at $1,850 compared to $1,430 across the US. Additionally, grocery costs are higher with a cost index of 105 versus 100 nationally. Despite the slightly higher living costs, Rockaway borough remains an excellent option for those seeking out safe and affordable housing options in New Jersey.
Rockaway borough has an unemployment rate of 6.2%. The US average is 6.0%.
Rockaway borough has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Rockaway borough
- The Sales Tax Rate for Rockaway borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Rockaway borough 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 Rockaway borough
- The average income of a Rockaway borough resident is $37,327 a year. The US average is $28,555 a year.
- The Median household income of a Rockaway borough resident is $90,048 a year. The US average is $69,021 a year.