Small Town4,184 people

Shrewsbury borough, NJ

Discover how far your salary goes in Shrewsbury borough. Compare taxes, rent, and living costs.

Cost Index
166
💰 Expensive
Population

4,184

State Tax

10.8%

1BR Rent

$1,785

/month

vs National

+28%

above avg

How far would your salary go in Shrewsbury borough?

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Rent Prices in Shrewsbury borough

🏠

Studio

$1,428

/month

$17,136/year

Most Common
🛏️

1 Bedroom

$1,785

/month

$21,420/year

🏡

2 Bedroom

$2,410

/month

$28,920/year

🏘️

3 Bedroom

$3,124

/month

$37,488/year

Taxes in New Jersey

State Income Tax

New Jersey

10.8%

For a $100k salary, that's ~$10,750/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Shrewsbury borough, NJ?

Shrewsbury borough has a cost of living index of 166, which is 66% above the national average. A 1-bedroom apartment costs around $1,785/month.

What is the state income tax in New Jersey?

New Jersey has a state income tax rate of approximately 10.8%. This is in addition to federal income tax.

How much is rent in Shrewsbury borough?

The median rent for a 1-bedroom apartment in Shrewsbury borough is $1,785/month. For a 2-bedroom, expect to pay around $2,410/month. This is 28% above the national average.

Is Shrewsbury borough a good place to live?

Shrewsbury borough is a small town with a population of 4,184. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Shrewsbury borough

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