Whippany, NJ (07981) is located in Morris County approximately 11 miles from Parsippany. This suburban neighborhood is home to several companies like Novartis Pharmaceuticals, Bausch & Lomb, Viventium Software, and Avis Budget Group. Residents of Whippany also benefit from a Grocery Cost Index 108 which is 8% higher than the US average of 100. Additionally, the median rent for a two bedroom apartment in Whippany is $2290 which is about $860 higher than the national average of $1430.
Whippany (zip 07981) has an unemployment rate of 6.2%. The US average is 6.0%.
Whippany (zip 07981) 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 Whippany (zip 07981)
- The Sales Tax Rate for Whippany (zip 07981) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Whippany (zip 07981) 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 Whippany (zip 07981)
- The average income of a Whippany (zip 07981) resident is $45,330 a year. The US average is $28,555 a year.
- The Median household income of a Whippany (zip 07981) resident is $129,396 a year. The US average is $69,021 a year.