The cost of living in Woodbridge is slightly higher than the U.S. average due to its 2 bedroom rental rate of $1,950 compared to $1,430 in the US on average. The Grocery Cost Index in Woodbridge is 112 versus 100 in the US. However, due to its close proximity to major metropolitan areas like New York City and Boston, it still remains an affordable area for individuals looking for an urban-suburban lifestyle balance without compromising their budget.
Woodbridge (zip 06525) has an unemployment rate of 8.5%. The US average is 6.0%.
Woodbridge (zip 06525) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Woodbridge (zip 06525)
- The Sales Tax Rate for Woodbridge (zip 06525) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Woodbridge (zip 06525) 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 Woodbridge (zip 06525)
- The average income of a Woodbridge (zip 06525) resident is $61,717 a year. The US average is $28,555 a year.
- The Median household income of a Woodbridge (zip 06525) resident is $171,652 a year. The US average is $69,021 a year.