Salem, NJ County is a vibrant and diverse county with plenty of opportunities for individuals and families to live and work. The cost of living in Salem, NJ is lower than the U.S. average with an average 2 bedroom rent at $1,470 compared to the US average of $1,430. Additionally, grocery costs index in Salem, NJ County is 102 versus 100 in the US. Companies that are based in Salem, NJ County include United Natural Foods Inc., ACH Food Companies Inc., YMCA of Salem County, Campbell Soup Company, UTC Aerospace Systems and JEM Manufacturing LLC. With so much to offer, Salem County provides a great quality of life for its residents.
Salem County has an unemployment rate of 8.5%. The US average is 6.0%.
Salem County has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.
Tax Rates for Salem County
- The Sales Tax Rate for Salem County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Salem County 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 Salem County
- The average income of a Salem County resident is $28,987 a year. The US average is $28,555 a year.
- The Median household income of a Salem County resident is $67,898 a year. The US average is $69,021 a year.