Berkeley, NJ is a great place to live with plenty of local amenities. The city boasts a 2-bedroom rent that is $240 more than the US average; however, the grocery cost index is slightly higher than the US average at 103 versus 100. Despite this, Berkeley offers a variety of desirable features such as close proximity to popular tourist attractions like the beach and ocean. Not only is there outdoors recreation, but you can find local businesses such as La Loma Mexican restaurant, The Bagel Hut and Rose's Beauty Supply. Shopping centers like Berkeley Plaza Shopping Center host major stores like Target and Marshalls while vintage and antique shops line the streets in Downtown Berkeley. With all these reasons to visit, it's no wonder Berkeley has become a prominent destination for many people.
Berkeley has an unemployment rate of 9.6%. The US average is 6.0%.
Berkeley has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Berkeley
- The Sales Tax Rate for Berkeley is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Berkeley 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 Berkeley
- The average income of a Berkeley resident is $30,055 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley resident is $58,599 a year. The US average is $69,021 a year.