West Orange, NJ Economy


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West Orange, NJ is a great place to live and work. It is conveniently located near Newark and NYC, so it offers a variety of job opportunities as well as plenty to do in the area. The town hosts several events throughout the year like the Jazz and Blues Festival and West Orange Movie Nights in the Park. There are also many local companies such as Valley National Bank, Home Instead Senior Care, and B&B Paving. Additionally, there are lots of interesting landmarks in West Orange like Thomas Edison's Laboratory & Museum, Turtle Back Zoo, and South Mountain Reservation. With an average 2 bedroom rent of $1880 per month and Grocery Cost Index of 106 versus 100 in the US, West Orange can offer a great lifestyle for anyone looking to settle down in this part of New Jersey.

West Orange has an unemployment rate of 9.6%. The US average is 6.0%.

West Orange 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 20.9%, which is lower than the US average of 33.5%.

Tax Rates for West Orange
- The Sales Tax Rate for West Orange is 6.6%. The US average is 7.3%.
- The Income Tax Rate for West Orange 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 West Orange
- The average income of a West Orange resident is $43,670 a year. The US average is $28,555 a year.
- The Median household income of a West Orange resident is $118,326 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Orange, New JerseyUnited States
  9.66
  -7.3%-6.2%
  20.9%33.5%
  6.6%6.2%
  5.5%4.6%
  $55,406$37,638
  $118,326$69,021
  $139,773$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  4.9%6.8%
  7.3%10.0%
  1.7%2.5%
  7.3%11.0%
  3.3%4.8%
  0.8%0.8%
  4.4%1.9%
  7.3%4.7%
  2.4%1.9%
  13.4%7.6%
  0.0%0.1%
  3.9%4.2%
  12.7%9.3%
  15.0%14.0%
  2.6%2.1%
  4.2%7.0%
  4.0%4.8%
  4.5%4.7%
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