Totowa, NJ is a small town located in the northern region of the Garden State. This community is known for its picturesque landscape and diverse population that offers plenty of culture and charm. Companies such as Totowa Textiles and TKH Electronics call this town home, while other businesses such as the Totowa Municipal Golf Course provide local recreation. Other popular attractions include the ShopRite Supermarket, the Valley Road Shopping Center, and many restaurants serving all kinds of cuisines. With a grocery cost index higher than the national average and rent prices just slightly above it, Totowa remains an affordable option for those looking to take advantage of all that New Jersey has to offer.
Totowa has an unemployment rate of 10.0%. The US average is 6.0%.
Totowa has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Totowa
- The Sales Tax Rate for Totowa is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Totowa 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 Totowa
- The average income of a Totowa resident is $35,221 a year. The US average is $28,555 a year.
- The Median household income of a Totowa resident is $103,419 a year. The US average is $69,021 a year.