Princeton, NJ is a bustling city located in 08540 zipcode. It is home to many renowned companies such as Johnson & Johnson, Dow Jones, and Mathematica Policy Research. The cost of living here is comparable to the US on average however rent can be expensive. The average 2 bedroom rental in 08540 Princeton is $2,340 which is $910 more than the national rate. Additionally, the grocery cost index here is 115 versus 100 in the US which means groceries are higher than nationwide averages. Despite its high price tag, 08540 Princeton offers residents a vibrant urban-like atmosphere with lots of culture and entertainment options.
Princeton (zip 08540) has an unemployment rate of 3.6%. The US average is 6.0%.
Princeton (zip 08540) 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 43.3%, which is higher than the US average of 33.5%.
Tax Rates for Princeton (zip 08540)
- The Sales Tax Rate for Princeton (zip 08540) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Princeton (zip 08540) 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 Princeton (zip 08540)
- The average income of a Princeton (zip 08540) resident is $63,506 a year. The US average is $28,555 a year.
- The Median household income of a Princeton (zip 08540) resident is $163,074 a year. The US average is $69,021 a year.