Randolph, NJ is a desirable place to live as it is relatively affordable compared to the rest of the US. The average 2 bedroom rent in Randolph is $1,730, which is less than $1,430 for the same size apartment in other parts of the country. Additionally, goods and services tend to be cheaper here as evidenced by the grocery cost index of 108 versus 100 in other areas. As a result, many people are drawn to this area for its affordability. There are several local companies that have made their home in Randolph including Home Depot and Verizon Wireless. You can also find a variety of dining options such as Coco Thai Sushi & Grill and Attitudes Restaurant & Bar. There is something for everyone in Randolph and many people find it an ideal place to live due to its affordability and diversity of offerings.
Randolph has an unemployment rate of 6.1%. The US average is 6.0%.
Randolph 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 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Randolph
- The Sales Tax Rate for Randolph is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Randolph 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 Randolph
- The average income of a Randolph resident is $55,827 a year. The US average is $28,555 a year.
- The Median household income of a Randolph resident is $159,077 a year. The US average is $69,021 a year.