Morris County, NJ is a bustling area with plenty to offer. The county is home to a variety of local businesses such as ShopRite supermarkets, Whole Foods, and Stop & Shop. With an average rent of $1,610 for a two-bedroom apartment and grocery cost index at 107 versus 100 in the US, Morris County can be an affordable place to live and work. There are many recreation opportunities in the area as well with parks, lakes and trails to explore. The county is also home to several universities including Drew University and Fairleigh Dickinson University.
Morris County has an unemployment rate of 6.2%. The US average is 6.0%.
Morris County 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 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Morris County
- The Sales Tax Rate for Morris County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Morris County is 5.5%. The US average is 4.6%.
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Income and Salaries for Morris County
- The average income of a Morris County resident is $61,915 a year. The US average is $37,638 a year.
- The Median household income of a Morris County resident is $123,727 a year. The US average is $69,021 a year.