The area of 08007 Barrington, NJ is an excellent place to live with a median rent of $1,130 for a two bedroom apartment. This rent is significantly lower than the national average which stands at $1,430. The cost of living in this area is also very competitive as the grocery cost index is 103 compared to 100 in the US. There are several large companies in Barrington such as Lockheed Martin Corporation and Johnson & Johnson. Smaller businesses also thrive here with options like On-Site Medical Services and Fruityscapes Landscaping being popular choices.
Barrington (zip 08007) has an unemployment rate of 8.0%. The US average is 6.0%.
Barrington (zip 08007) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Barrington (zip 08007)
- The Sales Tax Rate for Barrington (zip 08007) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Barrington (zip 08007) 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 Barrington (zip 08007)
- The average income of a Barrington (zip 08007) resident is $36,338 a year. The US average is $37,638 a year.
- The Median household income of a Barrington (zip 08007) resident is $85,041 a year. The US average is $69,021 a year.