Trenton, NJ is a vibrant city with many local businesses. Notable companies include Trenton Water Works, Robert Wood Johnson University Hospital, and Grounds for Sculpture. The cost of living in Trenton is slightly higher than the US average; rent for a 2-bedroom apartment in Trenton is $1,520 while it is $1,430 nationally. Grocery costs are also on par with the national index of 100. All in all, Trenton offers its residents a great quality of life at an affordable price.
Trenton has an unemployment rate of 9.5%. The US average is 6.0%.
Trenton has seen the job market decrease by -4.1% 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 Trenton
- The Sales Tax Rate for Trenton is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Trenton 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 Trenton
- The average income of a Trenton resident is $24,951 a year. The US average is $37,638 a year.
- The Median household income of a Trenton resident is $39,718 a year. The US average is $69,021 a year.