07936 East Hanover, NJ is an excellent location for both business and leisure. The two bedroom rent in the area is $2,420 while the US average is just $1,430. This makes it affordable for those looking to relocate or start a family. Additionally, the grocery cost index in 07936 East Hanover, NJ surpasses the national average, making food prices cheaper than most other parts of the country.
This small city has plenty to offer in terms of local businesses as well. It boasts a booming biotech industry with companies like Novartis Pharmaceuticals and Sanofi Pharmaceuticals located there. Aside from that, noteworthy hospitality establishments like the Renaissance Hotel and Hilton Hotels are found here too, along with IT firms such as Intel Corporation and Oracle Corporation. All of these businesses come together to create a thriving economy that benefits both locals and visitors alike.
East Hanover (zip 07936) has an unemployment rate of 6.2%. The US average is 6.0%.
East Hanover (zip 07936) 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 East Hanover (zip 07936)
- The Sales Tax Rate for East Hanover (zip 07936) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for East Hanover (zip 07936) 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 East Hanover (zip 07936)
- The average income of a East Hanover (zip 07936) resident is $55,555 a year. The US average is $37,638 a year.
- The Median household income of a East Hanover (zip 07936) resident is $129,329 a year. The US average is $69,021 a year.