Fort Lee, NJ Economy


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Fort Lee, NJ is a popular destination for those looking for an exciting city life without the hustle and bustle. With plenty of shopping, dining, and entertainment options, Fort Lee is a great place to live and work. The 2 bedroom rent in Fort Lee is slightly higher than the US average at $2,620 and grocery costs index is 109 versus 100 in the US making it more expensive to live there. Some of the local companies in Fort Lee include Realogy Holdings, Fidelity Investments, Inserra Supermarkets, Sports Authority and Toys R Us. Furthermore there are a number of parks including Overpeck County Park which offer recreational activities year round. With its abundance of amenities and social opportunities, it’s no wonder why people choose to live in Fort Lee.

Fort Lee has an unemployment rate of 5.5%. The US average is 6.0%.

Fort Lee has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Fort Lee
- The Sales Tax Rate for Fort Lee is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Fort Lee 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 Fort Lee
- The average income of a Fort Lee resident is $42,311 a year. The US average is $28,555 a year.
- The Median household income of a Fort Lee resident is $92,456 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFort Lee, New JerseyUnited States
  5.56
  -8.2%-6.2%
  31.4%33.5%
  6.6%6.2%
  5.5%4.6%
  $57,727$37,638
  $92,456$69,021
  $116,435$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.4%6.8%
  8.6%10.0%
  6.1%2.5%
  7.6%11.0%
  7.1%4.8%
  0.2%0.8%
  2.7%1.9%
  8.4%4.7%
  2.3%1.9%
  11.0%7.6%
  0.4%0.1%
  2.1%4.2%
  10.2%9.3%
  15.3%14.0%
  2.3%2.1%
  4.8%7.0%
  4.9%4.8%
  2.7%4.7%
Reviews for Fort Lee
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Over 16 years ago

Fort Lee is the most convenient place I can imagine. It's a small, tree-lined borough sitting at the front door of the world's greatest city. Fort Lee is  More

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