Emerson, NJ is an affluent town located in Bergen County. It is a popular place to live due to its close proximity to New York City and quality of life. Rent for a two-bedroom residence in Emerson is much higher than average rent rates in the US, which is approximately $2,400 per month compared to $1,430 across the nation. The grocery cost index in Emerson is also significantly greater than the US average at 107 versus 100.
Local companies that call Emerson home include CommVault Systems Inc., a data management and protection software company, B&G Foods, a producer of shelf-stable foods such as canned goods and frozen foods, and Chubb Ltd., an insurance provider.
Overall, living in Emerson can be expensive but it offers many advantages such as easy access to major cities like New York City as well as top-notch schools and employment opportunities with local companies.
Emerson has an unemployment rate of 7.4%. The US average is 6.0%.
Emerson has seen the job market decrease by -0.5% 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 Emerson
- The Sales Tax Rate for Emerson is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Emerson 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 Emerson
- The average income of a Emerson resident is $37,546 a year. The US average is $28,555 a year.
- The Median household income of a Emerson resident is $135,396 a year. The US average is $69,021 a year.