Edison, NJ (08837) is a popular residential suburb near New York City. The two-bedroom rent in Edison is $1,770 which is slightly higher than the national average of $1,430. Grocery cost index in Edison is 105 versus 100 in the US, meaning that it costs 5% more to purchase groceries in Edison than the rest of the United States. As an ideal place for living near New York City, many local businesses have established themselves in Edison. These include quick service eateries like Jersey Mike's Subs and El Pollo Rico as well as retail stores such as TJ Maxx and Bed Bath & Beyond. For commuters using public transport, NJ Transit provides various bus routes from Edison to New York City.
Edison (zip 08837) has an unemployment rate of 6.9%. The US average is 6.0%.
Edison (zip 08837) has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Edison (zip 08837)
- The Sales Tax Rate for Edison (zip 08837) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Edison (zip 08837) 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 Edison (zip 08837)
- The average income of a Edison (zip 08837) resident is $42,489 a year. The US average is $37,638 a year.
- The Median household income of a Edison (zip 08837) resident is $98,468 a year. The US average is $69,021 a year.