Brainards, NJ is a small town located in Morris County. It boasts a low cost of living with the average rent for a two bedroom apartment being only slightly higher than the national average. Furthermore, the grocery cost index in Brainards is slightly higher than across the US as well. The town’s economy consists of many small businesses such as Johnson-Berry Pharmacy, Brainards Auto Repair, and Frally's Pizzeria & Deli, all of which operate within the community and provide its citizens with essential goods and services. Additionally, the town also has some larger corporate entities such as Waypoint Solutions Group and K&H Automation Tech LLC. Brainards offers its residents an affordable lifestyle while still providing them with access to job opportunities and basic amenities.
Brainards has an unemployment rate of 7.0%. The US average is 6.0%.
Brainards has seen the job market decrease by -6.0% 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 Brainards
- The Sales Tax Rate for Brainards is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Brainards 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 Brainards
- The average income of a Brainards resident is $34,252 a year. The US average is $37,638 a year.
- The Median household income of a Brainards resident is $0 a year. The US average is $69,021 a year.