Essex, NJ County is a great place to live! The cost of living in the county is slightly above the average for the United States, with a 2-bedroom rental at $1,610 compared to the US average of $1,430. Grocery costs are also higher than the national average, with an index of 107 versus 100 for the US. Essex County has a rich history and features many local businesses. There are several large companies such as Prudential Financial, Panasonic Corporation of North America and ADP located in Essex County. Additionally, there are several smaller businesses within the area like Jersey Jacks Pizzeria and Silver Lake Bagel Café that provide unique experiences to visitors and locals alike.
Essex County has an unemployment rate of 9.6%. The US average is 6.0%.
Essex County has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Essex County
- The Sales Tax Rate for Essex County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Essex County 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 Essex County
- The average income of a Essex County resident is $42,028 a year. The US average is $37,638 a year.
- The Median household income of a Essex County resident is $67,826 a year. The US average is $69,021 a year.