Bound Brook, New Jersey is an attractive place to live, boasting affordable rental rates of $1,820 for two-bedroom homes. This rate is significantly lower than the US average of $1,430 and is a great deal for those looking for an affordable place to call home. The cost of groceries in Bound Brook is slightly higher than the US average with an index of 104 compared to 100, but there are plenty of local businesses that make up for it. Businesses such as Stop & Shop Supermarket, CVS Pharmacy and TGI Fridays offer goods and services at a reasonable price. All these factors make Bound Brook an ideal place to live with its reasonable rental costs and local stores providing quality goods.
Bound Brook has an unemployment rate of 6.3%. The US average is 6.0%.
Bound Brook has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Bound Brook
- The Sales Tax Rate for Bound Brook is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Bound Brook 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 Bound Brook
- The average income of a Bound Brook resident is $39,728 a year. The US average is $37,638 a year.
- The Median household income of a Bound Brook resident is $69,491 a year. The US average is $69,021 a year.