Sewaren, NJ is an affordable place to live with 2 bedroom rent costing around $1,730 per month. Compared to the US average which is at $1,430, Sewaren clearly offers more for a lower price. Not only that but local grocery stores have an index of 104 compared to the US's 100. This means that groceries cost 4% more in Sewaren than they do across the US. There are many local companies in Sewaren such as Genova Bakery, Tifco Industries and Solar Plastics that bring jobs and services to the area. All of this makes Sewaren an attractive place to live for those looking for affordability and convenience.
Sewaren has an unemployment rate of 6.9%. The US average is 6.0%.
Sewaren has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Sewaren
- The Sales Tax Rate for Sewaren is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Sewaren 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 Sewaren
- The average income of a Sewaren resident is $36,530 a year. The US average is $28,555 a year.
- The Median household income of a Sewaren resident is $101,532 a year. The US average is $69,021 a year.