Elizabeth, NJ, (07206) is an affordable city in the US with a 2 Bedroom Rent costing $1,390 compared to the US average of $1,430. The grocery cost index for Elizabeth is also slightly higher than the national average at 103 so people living here can expect to pay a bit more for groceries than those living in other parts of the country. Local businesses in Elizabeth include supermarkets such as ShopRite and Pathmark, and big box stores like Target and Walmart. This city also boasts many restaurants and bars including El Mariachi Mexican Restaurant & Bar, Chilangos Mexican Restaurant and Grill, and La Cabana Restaurant. Other local businesses are clothing stores such as Marshalls and Department Stores like Macy’s. There are also plenty of specialty shops such as electronics stores like Radio Shack and music stores like Guitar Center.
Elizabeth (zip 07206) has an unemployment rate of 9.6%. The US average is 6.0%.
Elizabeth (zip 07206) 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 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Elizabeth (zip 07206)
- The Sales Tax Rate for Elizabeth (zip 07206) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Elizabeth (zip 07206) 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 Elizabeth (zip 07206)
- The average income of a Elizabeth (zip 07206) resident is $21,448 a year. The US average is $37,638 a year.
- The Median household income of a Elizabeth (zip 07206) resident is $51,870 a year. The US average is $69,021 a year.