Ringwood, NJ (07456) is an affluent town located in Passaic County. It boasts a population of over 11,500 people and offers great amenities such as excellent schools, two acres of parks and playgrounds, and plenty of outdoor activities. The average two bedroom rent in Ringwood is $2,400 which is much higher than the US average of $1,430. Additionally, groceries cost index in Ringwood is 105 versus 100 in the US making it slightly more expensive to buy food here than other places around the country.
Local companies that make Ringwood such a great place to live include Powerhouse Gym, NJ Ice Rink Management Group LLC., Perennially Yours Flowers & Gifts LLC., Royal Kitchen Inc., and Five Star Catering Services LLC. All of these companies offer services ranging from recreational facilities to professional catering services that benefit the local community.
Ringwood (zip 07456) has an unemployment rate of 10.0%. The US average is 6.0%.
Ringwood (zip 07456) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Ringwood (zip 07456)
- The Sales Tax Rate for Ringwood (zip 07456) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ringwood (zip 07456) 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 Ringwood (zip 07456)
- The average income of a Ringwood (zip 07456) resident is $38,258 a year. The US average is $28,555 a year.
- The Median household income of a Ringwood (zip 07456) resident is $130,833 a year. The US average is $69,021 a year.