Located northwest of New York City in the state of New Jersey is Wanaque, NJ. This small borough provides its residents with a peaceful suburban lifestyle and plenty of things to do. The area has excellent local businesses such as Basilicata Italian Specialties, Joe's Pizza & Subs, and Gary's Pub that offer delicious food options for residents and visitors alike. Residents can also enjoy some of the many other attractions the borough offers such as golf courses, parks, lakeside dining, and much more.
The cost of living in Wanaque is slightly higher than the national average due to its proximity to larger cities like New York City. For example, rent for a two bedroom apartment in Wanaque runs about $2,020 while it's only $1,430 nationally. Grocery costs are also slightly higher in Wanaque with an index score of 105 compared to 100 nationwide. Despite these differences in cost of living however, Wanaque still remains an attractive place for people looking for a quiet suburban lifestyle near major cities.
Wanaque has an unemployment rate of 10.0%. The US average is 6.0%.
Wanaque 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 Wanaque
- The Sales Tax Rate for Wanaque is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Wanaque 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 Wanaque
- The average income of a Wanaque resident is $37,581 a year. The US average is $28,555 a year.
- The Median household income of a Wanaque resident is $102,977 a year. The US average is $69,021 a year.