Kenilworth, NJ is a beautiful borough located in Union County and has a population of 7,716 people. The town is just about 15 miles from Newark and is popular for its excellent schools and low crime rate. Rent prices are slightly higher than the national average, with two-bedroom apartments averaging at $1900 compared to the US average of $1430. Despite the higher rent prices, Kenilworth remains an attractive place to live due to its low cost of groceries. The Grocery Cost Index there is 106, which is 6 points above the national index of 100. Local companies include Dunlap & Magee Insurance Agency Inc., Overlook Medical Center, D&L Tile Supply Inc., and A Better Cleaning Service.
Kenilworth has an unemployment rate of 8.0%. The US average is 6.0%.
Kenilworth has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Kenilworth
- The Sales Tax Rate for Kenilworth is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Kenilworth 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 Kenilworth
- The average income of a Kenilworth resident is $41,792 a year. The US average is $28,555 a year.
- The Median household income of a Kenilworth resident is $107,316 a year. The US average is $69,021 a year.