Jersey City, NJ (07310) is a vibrant city located in the Northeastern United States with a population of over 270,000 people. It's known for its breathtaking views of the Manhattan skyline and its active waterfront community. The cost of living in Jersey City is relatively high with 2 Bedroom Rent averaging at $3,050 while the US average stands at $1,430. Additionally, the grocery cost index in Jersey City stands at 112 versus 100 for the rest of the country. Despite these costs, Jersey City continues to attract residents from all over thanks to its many attractions such as its bustling downtown area that features plenty of shopping and entertainment options as well as several notable employers such as Goldman Sachs, Prudential Financial, JP Morgan Chase & Co., and Merrill Lynch.
Jersey City (zip 07310) has an unemployment rate of 8.3%. The US average is 6.0%.
Jersey City (zip 07310) 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 07310)
- The Sales Tax Rate for Jersey City (zip 07310) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Jersey City (zip 07310) 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 07310)
- The average income of a Jersey City (zip 07310) resident is $89,379 a year. The US average is $37,638 a year.
- The Median household income of a Jersey City (zip 07310) resident is $163,405 a year. The US average is $69,021 a year.