08880 South Bound Brook, NJ is home to many great companies and organizations, such as Johnson & Johnson, BAE Systems, and Public Service Electric & Gas. With a population of 6,000 people, South Bound Brook is small but vibrant. The average two-bedroom rent in the area is $1,870 which is slightly higher than the national average of $1,430. The grocery cost index in the area is 104 versus 100 nationally. Residents can also take advantage of multiple recreational options such as the Duke Island Park and Bridgewater Canal Park for outdoor activities.
South Bound Brook (zip 08880) has an unemployment rate of 6.3%. The US average is 6.0%.
South Bound Brook (zip 08880) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for South Bound Brook (zip 08880)
- The Sales Tax Rate for South Bound Brook (zip 08880) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for South Bound Brook (zip 08880) 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 South Bound Brook (zip 08880)
- The average income of a South Bound Brook (zip 08880) resident is $36,730 a year. The US average is $37,638 a year.
- The Median household income of a South Bound Brook (zip 08880) resident is $83,986 a year. The US average is $69,021 a year.