Highlands, NJ is a vibrant community located in Monmouth County. It is home to some of the area’s most popular attractions, such as Sandy Hook Bay, the Highlands Natural Pool, and Hartshorne Woods Park. Local companies and industries include Novartis Pharmaceuticals, Bosch Rexroth Corporation, Frutarom Industries US Inc., C&D Technologies Inc., and Baker Commodities Inc. The median 2 bedroom rent cost in Highlands is $1,410 which is slightly cheaper than the US median rent cost of $1,430. Additionally, grocery costs have a slight premium compared to the national average with an index of 104 versus 100 in the US.
Highlands has an unemployment rate of 6.8%. The US average is 6.0%.
Highlands 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 Highlands
- The Sales Tax Rate for Highlands is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Highlands 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 Highlands
- The average income of a Highlands resident is $48,324 a year. The US average is $28,555 a year.
- The Median household income of a Highlands resident is $82,456 a year. The US average is $69,021 a year.