Englewood, NJ, zip code 07631 is an attractive area for people looking for a good value on housing. The 2 bedroom rent in this area is $1,990 compared to the US average of $1,430. This makes it an ideal spot for budget-minded renters. Furthermore, the grocery cost index in Englewood is 106 compared to 100 in the US, making it still relatively affordable food-wise. Companies located in Englewood range from fast-food chains like Chick-Fil-A and KFC to retail giants like Home Depot and TJ Maxx. There are also smaller businesses such as family-owned restaurants and independent stores which give Englewood its unique flavor.
Englewood (zip 07631) has an unemployment rate of 7.8%. The US average is 6.0%.
Englewood (zip 07631) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Englewood (zip 07631)
- The Sales Tax Rate for Englewood (zip 07631) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Englewood (zip 07631) 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 Englewood (zip 07631)
- The average income of a Englewood (zip 07631) resident is $45,507 a year. The US average is $28,555 a year.
- The Median household income of a Englewood (zip 07631) resident is $91,164 a year. The US average is $69,021 a year.