Fanwood, NJ is a great place to live due to its affordable rental rates and access to amenities. The two bedroom rent in Fanwood is only $2,430, which is much less than the US average of $1,430. This makes Fanwood an attractive option for people looking for an affordable rental rate. Additionally, Fanwood has a higher Grocery Cost Index than the US average at 107 compared to 100. Local businesses in Fanwood include QuickChek Pharmacy & Convenience Store, Carpenteria Pizzeria Restaurant and Bar, and Home Depot. These businesses provide essential services such as convenience stores for food items, restaurants for dining out, and home improvement stores for DIY projects. Furthermore, Fanwood offers many recreational activities such as parks where people can enjoy nature or practice sports like tennis or basketball. Overall, it is easy to see why so many people choose to live in Fanwood due to its affordability and access to local amenities.
Fanwood has an unemployment rate of 8.0%. The US average is 6.0%.
Fanwood 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 Fanwood
- The Sales Tax Rate for Fanwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Fanwood 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 Fanwood
- The average income of a Fanwood resident is $47,585 a year. The US average is $28,555 a year.
- The Median household income of a Fanwood resident is $178,311 a year. The US average is $69,021 a year.