Woodcliff Lake, NJ is a great location for those looking to rent as the 2 bedroom rent in the area is slightly higher than the US average. It's also a great place for those looking for convenience as the grocery cost index in Woodcliff Lake is 12 percent higher than the US average. Those living there have access to amenities such as Suez Water, Mercedes-Benz of Ramsey, and The Art Center. Additionally, noteworthy attractions include the Woodcliff Lake Reservoir Park, Woodcliff Manor, and Topgolf.
Woodcliff Lake has an unemployment rate of 7.4%. The US average is 6.0%.
Woodcliff Lake has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Woodcliff Lake
- The Sales Tax Rate for Woodcliff Lake is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Woodcliff Lake 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 Woodcliff Lake
- The average income of a Woodcliff Lake resident is $78,524 a year. The US average is $37,638 a year.
- The Median household income of a Woodcliff Lake resident is $210,078 a year. The US average is $69,021 a year.