Edgewater, NJ is a vibrant town situated on the banks of the Hudson River and home to many wonderful businesses. It is known for its great shopping and dining, as well as its picturesque views. The rent for a 2 bedroom apartment in Edgewater is quite high at $2,810 per month compared to the US average of $1,430. But it might be worth it for those looking to take advantage of the area's amenities – with a grocery cost index of 108 (versus 100 in the US), residents can enjoy plenty of delicious local products from local establishments like Edgewater Cheese Shop & Deli, which offers an abundance of cheese, charcuterie, and rare treats; or Via Roma Pizzeria & Italian Restaurant, which serves up classic Italian dishes that will make any dinner party a hit. With so much to offer, Edgewater is an ideal place to live and work.
Edgewater has an unemployment rate of 7.4%. The US average is 6.0%.
Edgewater has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Edgewater
- The Sales Tax Rate for Edgewater is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Edgewater 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 Edgewater
- The average income of a Edgewater resident is $78,664 a year. The US average is $37,638 a year.
- The Median household income of a Edgewater resident is $126,483 a year. The US average is $69,021 a year.