Hackensack, NJ is a great place to live and work. The city offers a wide range of activities and amenities for residents, including numerous local businesses. Companies such as Hackensack University Medical Center, ShopRite, Borders Books & Music, and Target are all located in the area. The city also provides plenty of recreational opportunities such as parks, trails, golf courses, and lakes. In addition to the local businesses and amenities available in Hackensack there is also affordable rent with the two bedroom rate being $2,030 versus the US average of $1,430. The grocery cost index in Hackensack is 104 compared to the US cost index which is 100. Overall Hackensack is a great place to call home with plenty of options for both living and leisure activities available for residents.
Hackensack has an unemployment rate of 8.6%. The US average is 6.0%.
Hackensack 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Hackensack
- The Sales Tax Rate for Hackensack is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hackensack 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 Hackensack
- The average income of a Hackensack resident is $31,135 a year. The US average is $28,555 a year.
- The Median household income of a Hackensack resident is $73,716 a year. The US average is $69,021 a year.