Lyndhurst, NJ is a vibrant city located in Bergen County. It is home to a number of large companies such as MetLife, Quest Diagnostics, and Toys \"R\" Us. The city also offers close proximity to New York City which makes it an attractive place for many professionals. The housing market in Lyndhurst is quite competitive with 2 bedroom rents at $1,920 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Lyndhurst is 106 compared to 100 in the US. This indicates that overall living costs are slightly higher than other areas in the country but still within reach for most people.
Lyndhurst has an unemployment rate of 7.4%. The US average is 6.0%.
Lyndhurst 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 Lyndhurst
- The Sales Tax Rate for Lyndhurst is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lyndhurst 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 Lyndhurst
- The average income of a Lyndhurst resident is $33,681 a year. The US average is $28,555 a year.
- The Median household income of a Lyndhurst resident is $91,367 a year. The US average is $69,021 a year.