Bloomingdale, NJ is a great place to live and work. It’s close to New York City and has all the amenities of a big city without the hustle and bustle. The cost of living in Bloomingdale is slightly higher than the US average, with the median 2 bedroom rent price being $2,160 compared to $1,430 nationally. Additionally, groceries are 4% more expensive than the national average. There are numerous local businesses such as Bloomingdale Hardware Store, Blaine's Bakery, and Stahl's Pharmacy that contribute to the local economy. Bloomingdale is a desirable location for those seeking access to nearby cities while still wanting to experience small town atmosphere.
Bloomingdale has an unemployment rate of 10.0%. The US average is 6.0%.
Bloomingdale 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 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Bloomingdale
- The Sales Tax Rate for Bloomingdale is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bloomingdale 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 Bloomingdale
- The average income of a Bloomingdale resident is $33,452 a year. The US average is $28,555 a year.
- The Median household income of a Bloomingdale resident is $116,305 a year. The US average is $69,021 a year.