East Hanover, NJ is a great place to live with plenty of amenities. The average two bedroom rent in East Hanover is $2,440 which is higher than the US average of $1,430. Additionally, grocery cost index in East Hanover is 108 versus the 100 in the US. There are many well-known companies located around East Hanover such as Novartis Pharmaceuticals Corporation, Bayer HealthCare and Atlantic Health System. With its abundance of local businesses and high rental prices, East Hanover makes an ideal place to live for those who want to enjoy all the benefits of living near a bustling city.
East Hanover has an unemployment rate of 6.2%. The US average is 6.0%.
East Hanover 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for East Hanover
- The Sales Tax Rate for East Hanover is 6.6%. The US average is 7.3%.
- The Income Tax Rate for East Hanover 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 East Hanover
- The average income of a East Hanover resident is $55,555 a year. The US average is $37,638 a year.
- The Median household income of a East Hanover resident is $129,329 a year. The US average is $69,021 a year.