River Edge, NJ, (07661) is a great place to live, boasting affordable housing costs and plentiful local businesses. The average two bedroom rent in River Edge is $2,110, which is much less than the US average of $1,430. In addition to cheaper rent costs, River Edge has an overall cost of living which is 7% higher than the national average due to the Grocery Cost Index being 107 compared to 100 in the US.
The local businesses that give River Edge its unique character include stores such as “Ella’s Closet” for vintage clothing items and home décor; “Pots & Pans” a specialty kitchen store; “The Book Nook” for all things literary; and “Gerri’s Artisanal Delicatessen” for gourmet delicacies. These small local businesses bring life to River Edge while providing residents with good quality products and services at reasonable prices.
River Edge (zip 07661) has an unemployment rate of 7.4%. The US average is 6.0%.
River Edge (zip 07661) 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 River Edge (zip 07661)
- The Sales Tax Rate for River Edge (zip 07661) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for River Edge (zip 07661) 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 River Edge (zip 07661)
- The average income of a River Edge (zip 07661) resident is $44,503 a year. The US average is $28,555 a year.
- The Median household income of a River Edge (zip 07661) resident is $142,214 a year. The US average is $69,021 a year.