Woodcliff Lake, NJ 07677 is a beautiful area with a relatively high cost of living. The average 2 bedroom rent in this zip code is around $2,470 compared to the US average of $1,430. The Grocery Cost Index in Woodcliff Lake is also higher than the national average, at 112 versus 100. This means that groceries will be more expensive here than in other cities across the country.
Woodcliff Lake is home to several companies such as BMW North America, Hertz Corporation, Becton Dickinson and Company, and Avis Budget Group. These businesses are known for their competitive salaries and excellent benefits packages for their employees. Other notable employers include Nestle USA headquarters and Pearson Education Inc.
For those considering relocating to Woodcliff Lake, one should consider that while it offers many great opportunities for growth and career advancement; it comes with a higher cost of living than many other parts of New Jersey or the United States as a whole. Therefore prospective residents should factor this into their decision-making process when contemplating whether or not to move here.
Woodcliff Lake (zip 07677) has an unemployment rate of 7.4%. The US average is 6.0%.
Woodcliff Lake (zip 07677) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Woodcliff Lake (zip 07677)
- The Sales Tax Rate for Woodcliff Lake (zip 07677) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Woodcliff Lake (zip 07677) is 5.5%. The US average is 4.6%.
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Income and Salaries for Woodcliff Lake (zip 07677)
- The average income of a Woodcliff Lake (zip 07677) resident is $78,524 a year. The US average is $37,638 a year.
- The Median household income of a Woodcliff Lake (zip 07677) resident is $210,078 a year. The US average is $69,021 a year.