Cedar Grove, NJ is an attractive place to live with plenty of amenities and attractions. Located in Essex County, the town has a population of approximately 10,000 residents. Rent prices for a two-bedroom apartment are slightly higher than the US average at $1,960 per month. The grocery cost index is also higher in Cedar Grove at 107 compared to the 100 national average. The town offers a variety of local businesses and facilities including schools, restaurants, grocery stores, libraries, parks, and galleries. Popular companies in Cedar Grove include Solar Energy World, Clay Pot Creative Kitchen & Bar, and Oasis Health & Wellness Center. All these amenities make Cedar Grove an ideal place to live for those looking for a vibrant community with convenient access to all the necessary services.
Cedar Grove has an unemployment rate of 9.6%. The US average is 6.0%.
Cedar Grove 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 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Grove
- The Sales Tax Rate for Cedar Grove is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Cedar Grove 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 Cedar Grove
- The average income of a Cedar Grove resident is $47,233 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Grove resident is $139,701 a year. The US average is $69,021 a year.