Towaco, NJ (07082) is a suburban town located in Morris County. It offers its residents great amenities such as quality schools, plenty of parks and recreational activities. The average two bedroom rent in Towaco is $2,470 which is considerably higher than the national average of $1,430. Grocery costs in Towaco are also slightly higher than the US average; the Grocery Cost Index for Towaco is 109, whereas the US index is 100. Popular local businesses include Adriana's Boiling Pot & Seafood Bar for seafood lovers and Sweetly For You Bakery for sweet treats. Overall, Towaco is an excellent choice for those looking to live close to New York City while enjoying a more relaxed lifestyle with plenty of outdoor activities.
Towaco (zip 07082) has an unemployment rate of 6.2%. The US average is 6.0%.
Towaco (zip 07082) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Towaco (zip 07082)
- The Sales Tax Rate for Towaco (zip 07082) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Towaco (zip 07082) 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 Towaco (zip 07082)
- The average income of a Towaco (zip 07082) resident is $56,792 a year. The US average is $28,555 a year.
- The Median household income of a Towaco (zip 07082) resident is $141,000 a year. The US average is $69,021 a year.