Located in Morris County, NJ, 07928 Chatham is a vibrant community with plenty to offer. The 2 bedroom rent in this area is $2,380, which is approximately $950 more than the US average of $1,430. Despite being higher than the national average, this area has a lower cost of living compared to some surrounding areas due to its proximity to NYC. Living in 07928 Chatham provides access to a variety of local businesses such as Briant Park Pharmacy, Chatham Bagel & Deli, and The Garden Market at Fairmount. Grocery costs are also slightly higher than the national average; the grocery cost index here is 113 versus 100 in the US. With its many amenities and lower cost of living relative to other nearby cities, 07928 Chatham is an attractive place for people looking for a change from city life.
Chatham (zip 07928) has an unemployment rate of 6.2%. The US average is 6.0%.
Chatham (zip 07928) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Chatham (zip 07928)
- The Sales Tax Rate for Chatham (zip 07928) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Chatham (zip 07928) 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 Chatham (zip 07928)
- The average income of a Chatham (zip 07928) resident is $77,819 a year. The US average is $28,555 a year.
- The Median household income of a Chatham (zip 07928) resident is $207,059 a year. The US average is $69,021 a year.