Newfoundland, NJ (07435) is a small town located in Passaic County, New Jersey. With a population of just 3,547 people it is a great place to live for those looking to escape the hustle and bustle of city life.
The median two-bedroom rental cost in Newfoundland is $1,700 compared to the US average of $1,430. Newfoundland also has a higher Grocery Cost Index than the national average at 105 versus 100. This means that groceries are slightly more expensive than average in Newfoundland but not by much.
For shopping there's The Glass Corner which specializes in custom glass works like windows and mirrors as well as auto glass repair services. Other local companies in Newfoundland include Custom Kitchens & Baths Inc., The Computer Shop and Elegant Nails & Spa.
Newfoundland (zip 07435) has an unemployment rate of 10.0%. The US average is 6.0%.
Newfoundland (zip 07435) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Newfoundland (zip 07435)
- The Sales Tax Rate for Newfoundland (zip 07435) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Newfoundland (zip 07435) 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 Newfoundland (zip 07435)
- The average income of a Newfoundland (zip 07435) resident is $69,226 a year. The US average is $37,638 a year.
- The Median household income of a Newfoundland (zip 07435) resident is $126,826 a year. The US average is $69,021 a year.