Cranford, NJ is a vibrant city located in Union County. It is known for its quaint downtown area with multiple local businesses, such as Cranford Pizzeria and Big Fish Grill. The cost of living is slightly higher than average due to its proximity to New York City. The average 2 bedroom rent in Cranford is $2,120, while the US average 2 bedroom rent is $1,430. Additionally, the Grocery Cost Index in Cranford is 107 compared to 100 in the US. This higher cost of living can be offset by the many job opportunities offered by companies like Amazon, FedEx and AT&T that have offices within easy commuting distance from Cranford.
Cranford township has an unemployment rate of 8.0%. The US average is 6.0%.
Cranford township has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Cranford township
- The Sales Tax Rate for Cranford township is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Cranford township 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 Cranford township
- The average income of a Cranford township resident is $66,365 a year. The US average is $37,638 a year.
- The Median household income of a Cranford township resident is $139,394 a year. The US average is $69,021 a year.