Wood-Ridge, New Jersey is an excellent place to live for those looking for an affordable two bedroom rental. The average cost of a two bedroom rental in Wood-Ridge is $2,200. This is much lower than the US average of $1,430. Additionally, according to the Grocery Cost Index, prices are slightly higher in Wood-Ridge than in the US with a rating of 106 versus 100. The borough also has many local companies providing essential services such as Shoprite Supermarket, Endeavor Physical Therapy which offers physical therapy and rehabilitation services and John's Auto Repair for vehicle maintenance and repair services.
Wood-Ridge (zip 07075) has an unemployment rate of 7.4%. The US average is 6.0%.
Wood-Ridge (zip 07075) 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 Wood-Ridge (zip 07075)
- The Sales Tax Rate for Wood-Ridge (zip 07075) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Wood-Ridge (zip 07075) 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 Wood-Ridge (zip 07075)
- The average income of a Wood-Ridge (zip 07075) resident is $53,485 a year. The US average is $37,638 a year.
- The Median household income of a Wood-Ridge (zip 07075) resident is $123,184 a year. The US average is $69,021 a year.