Kearny, NJ is a great place to live if you’re looking for a convenient commute into New York City. 2 bedroom rent is $1,830 per month which is slightly higher than the national average of $1,430. The cost of living in Kearny is high due to its proximity to NYC; however there are some local companies that offer good job prospects such as Hub Group and Amazon Fulfillment Center. In addition, the grocery cost index in Kearny is 105 versus 100 in the US so day-to-day costs may be higher than other areas. In conclusion, while it can be expensive, Kearny offers excellent job opportunities making it a desirable location to live and work.
Kearny has an unemployment rate of 10.3%. The US average is 6.0%.
Kearny 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 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Kearny
- The Sales Tax Rate for Kearny is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Kearny 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 Kearny
- The average income of a Kearny resident is $26,281 a year. The US average is $28,555 a year.
- The Median household income of a Kearny resident is $76,647 a year. The US average is $69,021 a year.