Chatham borough is a beautiful town located in the state of New Jersey. It is known for its thriving businesses and bustling streets. Among the big names in Chatham borough are Johnson & Johnson, PSE&G, and ADP. This area also has many smaller companies such as Chatham-Madison Pharmacy, The Fantastik Store, and Sweet Sisters Cupcakery. For those looking for a place to rent, the average two bedroom apartment runs around $2,320 per month compared to the US average of $1,430. The cost of groceries is also higher here with an index score of 113 versus 100 in the US. Despite these higher prices, Chatham borough remains one of the most desirable places to live in NJ due to its charming atmosphere and diverse community.
Chatham borough has an unemployment rate of 6.2%. The US average is 6.0%.
Chatham borough 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Chatham borough
- The Sales Tax Rate for Chatham borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Chatham borough 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 Chatham borough
- The average income of a Chatham borough resident is $70,315 a year. The US average is $28,555 a year.
- The Median household income of a Chatham borough resident is $209,283 a year. The US average is $69,021 a year.