Berkeley Heights, NJ is an attractive place to live for many reasons. It offers a great quality of life with its two bedroom rent at $2,450, which is more expensive than the US average of $1,430 but still relatively affordable. Additionally, the grocery cost index in Berkeley Heights is 109 compared to 100 in the US; making groceries here slightly more expensive than elsewhere. \nFor those looking for employment opportunities in the area, Berkeley Heights provides a number of options due to its strong economy; including Novartis Pharmaceuticals Corporation and Avaya Inc., as well as local start-ups like Inveo Solutions. Residents can also enjoy recreational activities such as biking and hiking at Watchung Reservation or taking the kids to Planet Jump trampoline park. \nOverall, Berkeley Heights has something for everyone and is an attractive place to live due to its affordability, strong economy, and recreation options.
Berkeley Heights has an unemployment rate of 8.0%. The US average is 6.0%.
Berkeley Heights 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Berkeley Heights
- The Sales Tax Rate for Berkeley Heights is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Berkeley Heights 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 Berkeley Heights
- The average income of a Berkeley Heights resident is $60,661 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley Heights resident is $177,219 a year. The US average is $69,021 a year.