Watchung, NJ 07069 is a great place to live with a variety of amenities and attractions. The average rent for 2 bedroom apartments in Watchung is $2,630 per month which is much higher than the national average of $1,430. Plus, the grocery cost index in Watchung is 110 versus 100 in the US making it more costly to buy groceries here.
There are many local businesses located in Watchung, NJ including Watchung Booksellers which has been a staple business since 1991, Union County Music providing music lessons and instrument rentals for over 30 years and Parker's Pourhouse & Kitchen serving up delicious pub fare since 2015. There are also many other shops and restaurants such as Beechwood Cafe & Grill which serves breakfast all day long and Aja Asian Fusion offering delicious Chinese food.
Watchung (zip 07069) has an unemployment rate of 6.3%. The US average is 6.0%.
Watchung (zip 07069) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Watchung (zip 07069)
- The Sales Tax Rate for Watchung (zip 07069) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Watchung (zip 07069) 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 Watchung (zip 07069)
- The average income of a Watchung (zip 07069) resident is $66,769 a year. The US average is $37,638 a year.
- The Median household income of a Watchung (zip 07069) resident is $139,583 a year. The US average is $69,021 a year.