Alpha, NJ Economy


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Alpha, NJ is a small city in the northeast United States. The city offers an array of job opportunities, with some local employers including Alpha Industries, Alpha Bank, and Alpha Tech. The cost of living in Alpha is higher than that of the national average with rent for 2 bedroom homes costing $1440 versus $1430 nationally. Additionally, the Grocery Cost Index in Alpha is 102 compared to 100 in the US. Despite these higher costs, many people find that living in Alpha has its benefits due to its diverse culture and proximity to large cities such as New York City and Boston.

Alpha has an unemployment rate of 7.0%. The US average is 6.0%.

Alpha has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Alpha
- The Sales Tax Rate for Alpha is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Alpha 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 Alpha
- The average income of a Alpha resident is $29,781 a year. The US average is $28,555 a year.
- The Median household income of a Alpha resident is $75,368 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlpha, New JerseyUnited States
  76
  -6.0%-6.2%
  24.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $35,627$37,638
  $75,368$69,021
  $87,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.5%6.8%
  15.2%10.0%
  0.8%2.5%
  17.5%11.0%
  4.7%4.8%
  0.0%0.8%
  0.4%1.9%
  5.0%4.7%
  0.0%1.9%
  1.9%7.6%
  0.0%0.1%
  3.4%4.2%
  8.1%9.3%
  13.0%14.0%
  3.5%2.1%
  10.8%7.0%
  5.0%4.8%
  4.1%4.7%
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