Jersey City, NJ (zip code 07302) is an exciting city situated in New Jersey and is home to many popular companies such as Bank of America, Goldman Sachs, TD Ameritrade, Prudential Financial, Maersk Line Limited and Verizon Wireless. The city also attracts a large number of visitors due to its close proximity to Manhattan. With plenty to do and see in the area, it’s no wonder why many people choose to live here. The cost of living is higher than the national average but it can still be quite affordable with the average 2 bedroom rent being $3100/month in Jersey City compared to the US average of $1430/month. There are also numerous grocery stores around town offering goods at reasonable prices with an index of 114 versus 100 in the rest of the country.
Jersey City (zip 07302) has an unemployment rate of 8.3%. The US average is 6.0%.
Jersey City (zip 07302) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Jersey City (zip 07302)
- The Sales Tax Rate for Jersey City (zip 07302) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Jersey City (zip 07302) 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 Jersey City (zip 07302)
- The average income of a Jersey City (zip 07302) resident is $97,247 a year. The US average is $37,638 a year.
- The Median household income of a Jersey City (zip 07302) resident is $150,254 a year. The US average is $69,021 a year.