The quaint town of Palmyra, NJ is an ideal place to call home with its 2 bedroom rent averaging $1,710. This is significantly lower than the US average of $1,430 for a similar size space. Additionally, groceries in this area are slightly more expensive than the national average, as its Grocery Cost Index is 102 versus 100 in the US. If you're looking for a place to settle down and start a family, or begin a business in a supportive community, Palmyra is the perfect choice. The local economy features several notable companies such as QVC Network Inc., Bancorp Bank and Cottman Transmission Centers.
Palmyra (zip 08065) has an unemployment rate of 6.4%. The US average is 6.0%.
Palmyra (zip 08065) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Palmyra (zip 08065)
- The Sales Tax Rate for Palmyra (zip 08065) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Palmyra (zip 08065) 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 Palmyra (zip 08065)
- The average income of a Palmyra (zip 08065) resident is $34,201 a year. The US average is $28,555 a year.
- The Median household income of a Palmyra (zip 08065) resident is $78,736 a year. The US average is $69,021 a year.