New Providence, NJ (07974) is a great place to live for those looking for an urban lifestyle without the high cost of living. The average two bedroom rent in New Providence is $2,080, which is much higher than the US average of $1,430. However, grocery costs are lower in New Providence with its Grocery Cost Index being 110 compared to the US index of 100. With its close proximity to New York City and affordable housing options, New Providence provides plenty of opportunities for entertainment and employment. Local companies such as Calkins Systems Inc., Valley Real Estate Associates LLC and Fantasy Fudge Kitchen and Bakery offer exciting job opportunities in the area. There are also many sources of information available about the area such as CountyReviews.com or even local news outlets like Tapinto New Providence can provide up to date information about events and happenings in the city..
New Providence (zip 07974) has an unemployment rate of 8.0%. The US average is 6.0%.
New Providence (zip 07974) 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for New Providence (zip 07974)
- The Sales Tax Rate for New Providence (zip 07974) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for New Providence (zip 07974) 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 New Providence (zip 07974)
- The average income of a New Providence (zip 07974) resident is $59,458 a year. The US average is $28,555 a year.
- The Median household income of a New Providence (zip 07974) resident is $157,416 a year. The US average is $69,021 a year.