Teaneck, NJ is a bustling town in the heart of Bergen County. It is situated close to New York City and offers great access to transit for commuters. Renting a two bedroom apartment in Teaneck is more expensive than the average US price at $1,820 compared to $1,430 respectively. Additionally, groceries are approximately 6% higher here than the national average with an index of 106 versus 100 in the US. Some noteworthy companies located in Teaneck are Cognizant Technology Solutions, BD (Becton Dickinson) and Subaru of America. This vibrant community provides residents with plenty of job opportunities with these big names located nearby.
Teaneck has an unemployment rate of 7.4%. The US average is 6.0%.
Teaneck has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Teaneck
- The Sales Tax Rate for Teaneck is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Teaneck 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 Teaneck
- The average income of a Teaneck resident is $54,381 a year. The US average is $37,638 a year.
- The Median household income of a Teaneck resident is $125,368 a year. The US average is $69,021 a year.