Warren, NJ is a great place to live with its low living costs and strong job market. The average 2 bedroom rent in Warren is $2280, which is much lower than the US average of $1430. Even more attractive, the Grocery Cost Index in Warren is 111 compared to the US index of 100.
The local economy is strong, with prominent companies such as BMW Group Financial Services, Saint Peter's University Hospital, and Cardax Inc., all based in Warren. In addition, there are numerous small businesses that thrive in this vibrant community. Warren provides an excellent environment for any resident looking for affordable housing and a stable job market.
Warren has an unemployment rate of 6.3%. The US average is 6.0%.
Warren has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Warren
- The Sales Tax Rate for Warren is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Warren 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 Warren
- The average income of a Warren resident is $92,927 a year. The US average is $37,638 a year.
- The Median household income of a Warren resident is $178,484 a year. The US average is $69,021 a year.