Colts Neck, NJ is an affluent suburb located in Monmouth County. The town is well known for its serene environment, excellent education system and spacious living conditions. Despite the higher cost of living compared to other areas in America, Colts Neck provides residents with a high quality lifestyle. The average two bedroom rent in Colts Neck is $2,330, considerably more than the US average of $1,430. Additionally, the local Grocery Cost Index is 111 versus 100 in the US. Residents have access to renowned employers like iCIMS Inc., Commvault Systems and Acquest Realty Advisors LLC in addition to many small businesses that cater to local needs.
Colts Neck has an unemployment rate of 6.8%. The US average is 6.0%.
Colts Neck has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Colts Neck
- The Sales Tax Rate for Colts Neck is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Colts Neck 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 Colts Neck
- The average income of a Colts Neck resident is $67,636 a year. The US average is $28,555 a year.
- The Median household income of a Colts Neck resident is $181,632 a year. The US average is $69,021 a year.