Princeton Junction, NJ is a popular suburb located near Princeton in Mercer County. It offers many opportunities for businesses such as Johnson & Johnson, Bristol-Myers Squibb, and Merrill Lynch who have offices located in the area. Renting a two bedroom apartment in Princeton Junction is slightly more expensive than the US average at $2,470 compared to $1,430. The cost of living index is also higher than the national average at 115 versus 100. This indicates that overall living costs are higher in Princeton Junction than most other places across America. Most services and products are more expensive when compared to the US average or other parts of New Jersey.
Princeton Junction has an unemployment rate of 6.2%. The US average is 6.0%.
Princeton Junction has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Princeton Junction
- The Sales Tax Rate for Princeton Junction is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Princeton Junction 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 Princeton Junction
- The average income of a Princeton Junction resident is $86,457 a year. The US average is $37,638 a year.
- The Median household income of a Princeton Junction resident is $196,364 a year. The US average is $69,021 a year.