Echelon, New Jersey is a bustling metropolitan area located close to major cities like Newark and Philadelphia. The area is home to many established businesses, some of which include Costco, Walmart, and Applebee's. Rent in Echelon is slightly higher than the national average for two-bedroom apartments at $1,820 compared to $1,430 nationally. The cost of groceries in Echelon is also more expensive with an index score of 107 compared to 100 for the US as a whole. In general, living in Echelon is moderately more expensive than other parts of the country but offers many amenities associated with urban life.
Echelon has an unemployment rate of 8.0%. The US average is 6.0%.
Echelon has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Echelon
- The Sales Tax Rate for Echelon is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Echelon 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 Echelon
- The average income of a Echelon resident is $30,921 a year. The US average is $28,555 a year.
- The Median household income of a Echelon resident is $74,167 a year. The US average is $69,021 a year.