Englewood Cliffs, NJ is a charming community located in zip code 07632. According to recent data, the average two bedroom rent in this area is $2,790 compared to the national average of $1,430. Also, the grocery cost index here is 117 compared to 100 nationally. This makes it one of the most desirable places to live in New Jersey.
The city is home to several large corporations including Mitsuwa Marketplace, Unilever Corporation and Fisher Price. Mitsuwa Marketplace offers Japanese food and grocery items while Unilever Corporation produces a variety of consumer goods such as food products and personal care items. Fisher Price sells toys for newborns, toddlers and preschoolers as well as juvenile furniture and baby gear. Other local companies include The Art Garage which specializes in art classes for children, Lola's Garden which offers locally made organic bath and body products, and Apothecary & Healing Arts Centre that provides holistic wellness services including yoga classes and massage therapy. All these companies make Englewood Cliffs an ideal place for living or working.
Englewood Cliffs (zip 07632) has an unemployment rate of 7.4%. The US average is 6.0%.
Englewood Cliffs (zip 07632) has seen the job market decrease by -0.5% 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 Englewood Cliffs (zip 07632)
- The Sales Tax Rate for Englewood Cliffs (zip 07632) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Englewood Cliffs (zip 07632) 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 Englewood Cliffs (zip 07632)
- The average income of a Englewood Cliffs (zip 07632) resident is $66,027 a year. The US average is $28,555 a year.
- The Median household income of a Englewood Cliffs (zip 07632) resident is $191,875 a year. The US average is $69,021 a year.