08240 Pomona, NJ is a great place to live with reasonable rent costs. The average two bedroom rent in 08240 is $1,620 which is much lower than the US average of $1,430. This makes it an affordable alternative for those looking for a place closer to the big city but without the large price tag. Not only is the rental cost more reasonable, but groceries are also comparatively inexpensive here. The Grocery Cost Index in 08240 is 103 versus 100 in the US, meaning that groceries will not add additional strain to your wallet.
The town of 08240 Pomona offers many local businesses which include retail stores like Conte's Italian Market and Appleby's Appliance Center as well as restaurants such as Il Villagio Pizzeria & Restaurant and La Campagne Café & Bistro. Additionally there are services like L&F Plumbing Heating Air Conditioning Mobile Repair and JKH Home Designers. With a wide variety of options available there is something for everyone in 08240 Pomona NJ!
Pomona (zip 08240) has an unemployment rate of 10.1%. The US average is 6.0%.
Pomona (zip 08240) has seen the job market decrease by -14.0% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Pomona (zip 08240)
- The Sales Tax Rate for Pomona (zip 08240) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Pomona (zip 08240) 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 Pomona (zip 08240)
- The average income of a Pomona (zip 08240) resident is $5,443 a year. The US average is $37,638 a year.
- The Median household income of a Pomona (zip 08240) resident is $0 a year. The US average is $69,021 a year.