Garfield, NJ Economy


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Garfield, NJ is a city that provides its residents with plenty of amenities. Those looking for apartments will find that the two-bedroom rent price is $1,760, which is slightly more expensive than the nationwide average of $1,430. It's also worth noting that grocery cost index in Garfield, NJ is 106 compared to 100 in the US. The city has many different companies located within its bounds. Notable local businesses include Garfield Diner, Garfield Auto Service, and Riverview Park. These establishments offer great services for those who live in or visit the area. Furthermore, the community is known for its friendly atmosphere and commitment to providing quality services to all who are part of it.

Garfield has an unemployment rate of 12.5%. The US average is 6.0%.

Garfield 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 22.4%, which is lower than the US average of 33.5%.

Tax Rates for Garfield
- The Sales Tax Rate for Garfield is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Garfield 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 Garfield
- The average income of a Garfield resident is $32,388 a year. The US average is $37,638 a year.
- The Median household income of a Garfield resident is $66,296 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGarfield, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Garfield
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Over 18 years ago

Garfield used to be a really great town to live in. It's been at a constant rate of decline for the past 20 years. It seems it keeps getting worse and worse every year.  More

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