Belvidere, NJ (07823) is a small town in Warren County with a population of just under 5,000 residents. Situated near the Delaware River and surrounded by various state parks, Belvidere is a great place to live. The local economy is mainly driven by its small businesses such as Yudecks' Garage & Truck Repair, J&J's Pizzeria, and A Cut Above Lawn Care. The cost of living in Belvidere is lower than the national average with 2 bedroom rent costing $1,270 compared to $1,430 nationally and a grocery cost index of 104 versus 100 in the US. Residents enjoy an affordable lifestyle without sacrificing amenities and basic necessities.
Belvidere (zip 07823) has an unemployment rate of 7.0%. The US average is 6.0%.
Belvidere (zip 07823) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Belvidere (zip 07823)
- The Sales Tax Rate for Belvidere (zip 07823) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Belvidere (zip 07823) 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 Belvidere (zip 07823)
- The average income of a Belvidere (zip 07823) resident is $37,100 a year. The US average is $37,638 a year.
- The Median household income of a Belvidere (zip 07823) resident is $68,500 a year. The US average is $69,021 a year.