New Village, NJ is a thriving city located in the Northeastern United States. Known for its great quality of life, New Village offers plenty of amenities to those who live there. It's two bedroom rent averages at $1,750, which is higher than the US average of $1,430. The grocery cost index in New Village is 106 versus 100 national average.
There are plenty of businesses that call New Village home. These include some well-known companies such as Citibank, Johnson & Johnson and AT&T. Locally owned stores like Cherry Hill Grocery and Fisherman’s Market add to the charm of the area. All these businesses help to make New Village a great place to live and work.
New Village has an unemployment rate of 7.0%. The US average is 6.0%.
New Village has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for New Village
- The Sales Tax Rate for New Village is 6.6%. The US average is 7.3%.
- The Income Tax Rate for New Village 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 New Village
- The average income of a New Village resident is $36,251 a year. The US average is $37,638 a year.
- The Median household income of a New Village resident is $79,500 a year. The US average is $69,021 a year.