The 08534 zip code of Pennington, NJ is a great place to call home. 2 bedroom rentals are around $2,250, which is $820 higher than the US average of $1,430. There are plenty of amenities that make living here convenient; grocery cost index in the area is 111 compared to 100 nationwide. Major local companies include Bristol-Myers Squibb, Dow Jones & Company and NRG Energy. Other notable companies include Princeton Healthcare System and WSP USA Inc., adding to the thriving economy within Pennington and its neighboring communities.
Pennington (zip 08534) has an unemployment rate of 6.2%. The US average is 6.0%.
Pennington (zip 08534) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Pennington (zip 08534)
- The Sales Tax Rate for Pennington (zip 08534) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Pennington (zip 08534) 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 Pennington (zip 08534)
- The average income of a Pennington (zip 08534) resident is $68,652 a year. The US average is $28,555 a year.
- The Median household income of a Pennington (zip 08534) resident is $145,747 a year. The US average is $69,021 a year.