07027 Garwood, NJ is an affluent area located in Union County, with a population of around 4,900 people. The two bedroom rent in this area is $1,910 making it much higher than the US average of $1,430 for two bedroom rent. Grocery Cost Index in 07027 Garwood is also quite high at 106 versus 100 in the US. This could be partially attributed to the presence of several local businesses such as EZ Mart Gas Station, Anastasia鈥檚 Cafe & Catering LLC and Ariana's Pizza & Restaurant which offer goods and services that are more expensive than what you would find across the country. Moreover, this area has a unique charm that adds to its cost of living such as recreational activities available at Echo Lake Park or Washington Rock State Park. All these factors make 07027 Garwood's cost of living higher than other areas in the United States.
Garwood (zip 07027) has an unemployment rate of 8.0%. The US average is 6.0%.
Garwood (zip 07027) 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Garwood (zip 07027)
- The Sales Tax Rate for Garwood (zip 07027) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Garwood (zip 07027) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Garwood (zip 07027)
- The average income of a Garwood (zip 07027) resident is $46,818 a year. The US average is $37,638 a year.
- The Median household income of a Garwood (zip 07027) resident is $92,981 a year. The US average is $69,021 a year.