Kinnelon, NJ 07405 is a great place to call home with its 2 bedroom rent averaging $1,750. This is significantly higher than the US average of $1,430. However, groceries are more affordable in Kinnelon due to their Grocery Cost Index of 107, versus 100 in the US. Local residents can find great deals at popular grocery stores like ShopRite or Kings Food Markets. Non-food items can be found at retailers such as Home Goods and CVS Pharmacy, where prices tend to be comparable to national averages. Overall, Kinnelon is an ideal place for people looking for quality living with low-cost goods.
Kinnelon (zip 07405) has an unemployment rate of 6.2%. The US average is 6.0%.
Kinnelon (zip 07405) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Kinnelon (zip 07405)
- The Sales Tax Rate for Kinnelon (zip 07405) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Kinnelon (zip 07405) 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 Kinnelon (zip 07405)
- The average income of a Kinnelon (zip 07405) resident is $50,578 a year. The US average is $28,555 a year.
- The Median household income of a Kinnelon (zip 07405) resident is $117,740 a year. The US average is $69,021 a year.