Startup Costs in New Jersey

LLC Fee
$125
Sales Tax
6.63%
Min Wage
$15.92/hr

New Jersey's location between New York and Philadelphia gives businesses access to two major metro markets. The state has high costs - above-average rents, a $15.49 minimum wage, and the highest top income tax rate in the region - but also has one of the highest median household incomes in the country. Jersey City and Newark are developing as more affordable alternatives to Manhattan for startups.

Cities: Newark, Jersey City, Paterson, ElizabethIndustries: Pharmaceuticals, Finance, Technology, Food Production

New Jersey Cost Guides (10)