Cranbury, NJ is a small town located in Middlesex County. The town offers an array of local businesses, such as Cranberry Books, Cranbury-Plainsboro Chinese Restaurant, and B&B Meats & Deli. The rent for two bedroom apartments is slightly higher than the average US rate at $1,680 per month and the Grocery Cost Index is 107 compared to 100 in the US. Despite some difference in cost of living expenses, many people enjoy living in this quaint town due to the friendly atmosphere and convenient location to major highways.
Cranbury township has an unemployment rate of 6.9%. The US average is 6.0%.
Cranbury township has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Cranbury township
- The Sales Tax Rate for Cranbury township is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Cranbury township 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 Cranbury township
- The average income of a Cranbury township resident is $56,670 a year. The US average is $28,555 a year.
- The Median household income of a Cranbury township resident is $171,435 a year. The US average is $69,021 a year.