Jersey City, NJ, with zip code 07306, is a vibrant and diverse city located just across the Hudson River from Manhattan. The cost of living in Jersey City is slightly higher than the US average, with an average two-bedroom rent of $1,850 compared to $1,430 nationwide. Grocery costs also tend to be higher in the area, with a grocery cost index of 107 versus 100 in the US. Nonetheless, Jersey City remains an attractive place to live and work. There are several well-known companies located in the area including Mack-Cali Realty Corporation, a real estate investment trust; TD Bank USA; Verizon Communications; and Ernst & Young LLP. With its diverse range of businesses and attractions for residents to enjoy, it’s easy to see why Jersey City has become such a popular destination for people looking for plenty of opportunities!
Jersey City (zip 07306) has an unemployment rate of 8.3%. The US average is 6.0%.
Jersey City (zip 07306) 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 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Jersey City (zip 07306)
- The Sales Tax Rate for Jersey City (zip 07306) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Jersey City (zip 07306) 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 07306)
- The average income of a Jersey City (zip 07306) resident is $24,545 a year. The US average is $28,555 a year.
- The Median household income of a Jersey City (zip 07306) resident is $66,812 a year. The US average is $69,021 a year.