North Hanover, NJ is a great place to live with many local businesses and amenities. The cost of living is slightly higher than the national average, as 2 Bedroom rent in North Hanover costs around $1,800 compared to $1,430 across the US. Grocery Cost Index is also higher in North Hanover at 105 versus 100 nationally. Local companies include major stores such as Walmart and Target as well as many small independent businesses and restaurants. With its livable neighborhoods and variety of businesses, North Hanover provides excellent value for your money when it comes to cost of living.
North Hanover has an unemployment rate of 6.4%. The US average is 6.0%.
North Hanover has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for North Hanover
- The Sales Tax Rate for North Hanover is 6.6%. The US average is 7.3%.
- The Income Tax Rate for North Hanover 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 North Hanover
- The average income of a North Hanover resident is $32,221 a year. The US average is $37,638 a year.
- The Median household income of a North Hanover resident is $79,000 a year. The US average is $69,021 a year.