Ramsey, NJ is a great place to live for many reasons. With its close proximity to New York City and numerous local attractions, it has become a popular destination for many people looking for an enjoyable lifestyle. The 2 bedroom rent in Ramsey, NJ is $2,070 compared to the US average of $1,430, which may be higher than some other places but is still considered affordable. Additionally, the grocery cost index in Ramsey was 109 versus the US at 100. This indicates that groceries are slightly more expensive in Ramsey than the national average. There are also many local businesses that contribute to the thriving economy of Ramsey, such as Macy's Inc., JCPenney Corporation Inc., and Toys 'R' Us Inc. All these factors combined indicate that Ramsey has an overall high cost of living relative to other cities in the area.
Ramsey has an unemployment rate of 7.4%. The US average is 6.0%.
Ramsey has seen the job market decrease by -8.2% 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 Ramsey
- The Sales Tax Rate for Ramsey is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ramsey 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 Ramsey
- The average income of a Ramsey resident is $74,281 a year. The US average is $37,638 a year.
- The Median household income of a Ramsey resident is $156,473 a year. The US average is $69,021 a year.