Berkeley Heights, NJ (07922) is a unique and vibrant community located in Union County. The town is home to numerous corporate giants such as Merck, Bayer, Prudential Financial, Bed Bath & Beyond, and PSE&G. With convenient access to major highways including Route 78 and the Garden State Parkway, residents of Berkeley Heights have easy access to travel throughout New Jersey. Those looking for a place to call home will find that the median 2 bedroom rent in Berkeley Heights is $2,400 per month compared to the US median of $1,430. In addition to a reasonable median rent price, food costs are also significantly cheaper than the national average with a grocery cost index of 109 versus 100 in the US. This makes living in Berkeley Heights an affordable option for those looking for an escape from city life while still remaining close enough to venture out and explore other areas of New Jersey.
Berkeley Heights (zip 07922) has an unemployment rate of 8.0%. The US average is 6.0%.
Berkeley Heights (zip 07922) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Berkeley Heights (zip 07922)
- The Sales Tax Rate for Berkeley Heights (zip 07922) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Berkeley Heights (zip 07922) 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 Berkeley Heights (zip 07922)
- The average income of a Berkeley Heights (zip 07922) resident is $59,788 a year. The US average is $28,555 a year.
- The Median household income of a Berkeley Heights (zip 07922) resident is $171,875 a year. The US average is $69,021 a year.