the staff of the Ridgewood blog
Ridgewood NJ, according to the Bureau of Labor Statistic’s new data on consumer expenditures, released this month.“Consumer units” (which include families, financially independent individuals, and people living in a single household who share expenses) spent an average of $9,562 on food and clothing in 2017, according to BLS. But they spent $16,749 on federal, state and local taxes.
“A consumer unit,” BLS says, “is defined as either (1) all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more persons living together who pool their income to make joint expenditure decisions.”
The average 2017 tax bill included $7,819 in federal income taxes; $2,098 in state and local income taxes; and $51 in other taxes—which the BLS rounded to a subtotal of $9,967.
It also included $4,717 in Social Security taxes; and $2,065 in property taxes—bringing the total average tax bill for the year to $16,749.
Obviously in Bergen County and towns like Ridgewood the taxes are significantly higher .
I’m so glad that the national average for all taxes is actually less than many Ridgewood residents pay just to Ridgewood!