The 07852 Ledgewood, NJ area has a much higher rent than the national average. Rent for a two-bedroom apartment in this area is $1,720 compared to $1,430 nationally. This makes living in this area more expensive than most of the United States. The local grocery cost index is also higher than the US average at 105 versus 100.
Some of the popular companies located in 07852 Ledgewood, NJ include: Mucklow's Landscaping & Design Services, Highpoint Electrical Contractors LLC, and Redhawk Heating & Cooling LLC. These companies provide services that are beneficial to those who live in or around this area.
Living in 07852 Ledgewood, NJ may be more expensive than other locations due to its higher rent rate and grocery cost index; however, it provides access to many local companies that make life easier for residents.
Ledgewood (zip 07852) has an unemployment rate of 6.2%. The US average is 6.0%.
Ledgewood (zip 07852) 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 Ledgewood (zip 07852)
- The Sales Tax Rate for Ledgewood (zip 07852) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ledgewood (zip 07852) 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 Ledgewood (zip 07852)
- The average income of a Ledgewood (zip 07852) resident is $41,239 a year. The US average is $28,555 a year.
- The Median household income of a Ledgewood (zip 07852) resident is $88,302 a year. The US average is $69,021 a year.