Jersey City, NJ (07304) is home to a thriving business district with many well-known companies such as Goldman Sachs, JPMorgan Chase & Co., and Prudential Financial. This vibrant city offers its residents an excellent quality of life with plenty of attractions, amenities, and recreation options. The cost of living in Jersey City is relatively high compared to other parts of the country due to the abundance of job opportunities available here. The average two bedroom rent in Jersey City is 1,850 USD per month while the US average comes in at 1,430 USD. Additionally, grocery costs index at 105 versus 100 in the US. Residents can access many conveniences including grocery stores, restaurants, banks, movie theaters and more right within their neighborhood.
Jersey City (zip 07304) has an unemployment rate of 8.3%. The US average is 6.0%.
Jersey City (zip 07304) has seen the job market decrease by -8.3% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Jersey City (zip 07304)
- The Sales Tax Rate for Jersey City (zip 07304) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Jersey City (zip 07304) is 5.5%. The US average is 4.6%.
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Income and Salaries for Jersey City (zip 07304)
- The average income of a Jersey City (zip 07304) resident is $31,941 a year. The US average is $37,638 a year.
- The Median household income of a Jersey City (zip 07304) resident is $60,787 a year. The US average is $69,021 a year.