Totowa, NJ 07512 is an amazing place to live. It is located in the northern part of New Jersey and offers beautiful views of the surrounding landscape. The average 2 bedroom rent in Totowa is $1,950, which is slightly higher than the national average of $1,430. This can be attributed to its excellent amenities such as public transportation, shopping centers, and restaurants. Local companies such as Target, Walmart, Macy’s and Home Depot offer competitive prices for groceries and other consumer goods; however, they have a Grocery Cost Index of 106 compared with 100 in the US. All in all, Totowa is a great place to live for those who are looking for convenience and affordability when it comes to living expenses.
Totowa (zip 07512) has an unemployment rate of 10.0%. The US average is 6.0%.
Totowa (zip 07512) 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 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Totowa (zip 07512)
- The Sales Tax Rate for Totowa (zip 07512) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Totowa (zip 07512) 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 Totowa (zip 07512)
- The average income of a Totowa (zip 07512) resident is $46,554 a year. The US average is $37,638 a year.
- The Median household income of a Totowa (zip 07512) resident is $103,419 a year. The US average is $69,021 a year.