Riverside, NJ is a great place to live for those looking for a more affordable alternative to big city living. The cost of living in Riverside, NJ is slightly higher than the average US 2 Bedroom rent at $1,590 compared to $1,430. Residents of Riverside can also expect to pay extra when it comes to groceries with an index rating of 104 versus 100 nationally. Despite these slightly higher costs, Riverside still offers excellent value for money. The town is home to several large companies including Johnson & Johnson and BASF that employ many locals in good paying jobs. With ample green spaces, low crime rates and friendly residents, Riverside offers an attractive quality of life at an affordable price.
Riverside has an unemployment rate of 6.4%. The US average is 6.0%.
Riverside has seen the job market increase by 0.3% 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 Riverside
- The Sales Tax Rate for Riverside is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Riverside 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 Riverside
- The average income of a Riverside resident is $23,641 a year. The US average is $28,555 a year.
- The Median household income of a Riverside resident is $59,817 a year. The US average is $69,021 a year.