Trenton, NJ Metro Area is a great place for those who are looking for an affordable rental price and grocery cost compared to the US average. According to the content, the 2 bedroom rent is $1,730 in Trenton as opposed to $1,430 in the US and the Grocery Cost Index is 106 versus 100 in the US. This makes Trenton a great place to consider when searching for affordable housing. There are many local companies in Trenton that provide job opportunities such as Capital Health Systems, Lockheed Martin, Agilent Technologies and Systech International Corp. In addition, many other industries have offices here like banking and finance, insurance and transportation services. All this make Trenton an attractive option for those looking for reasonable rental prices and grocery costs compared to other parts of the United States.
Trenton-Princeton Metro Area has an unemployment rate of 6.2%. The US average is 6.0%.
Trenton-Princeton Metro Area has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Trenton-Princeton Metro Area
- The Sales Tax Rate for Trenton-Princeton Metro Area is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Trenton-Princeton Metro Area 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-Princeton Metro Area
- The average income of a Trenton-Princeton Metro Area resident is $38,076 a year. The US average is $28,555 a year.
- The Median household income of a Trenton-Princeton Metro Area resident is $85,687 a year. The US average is $69,021 a year.