Zip 08318 (Elmer, NJ) Economy


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08318 Elmer, NJ is a small town located in Salem County with a population of about 1,600 people. It is an affordable and peaceful place to live, with the average price for a two-bedroom rental coming in at $1,440 versus the US average of $1,430. The Grocery Cost Index in 08318 Elmer, NJ is 103 compared to 100 across the US. Companies that are local to this area include Don's Service Center LLC for auto repairs and maintenance, M&T Bank for banking needs, and Quaker City Motorsports Park for recreation.

Elmer (zip 08318) has an unemployment rate of 8.5%. The US average is 6.0%.

Elmer (zip 08318) 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 Elmer (zip 08318)
- The Sales Tax Rate for Elmer (zip 08318) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Elmer (zip 08318) 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 Elmer (zip 08318)
- The average income of a Elmer (zip 08318) resident is $31,553 a year. The US average is $28,555 a year.
- The Median household income of a Elmer (zip 08318) resident is $76,263 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElmer, New JerseyUnited States
  8.56
  -4.6%-6.2%
  16.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $37,696$37,638
  $76,263$69,021
  $102,361$85,028
  Population by Occupation
  1.7%1.2%
  0.3%0.5%
  9.5%6.8%
  12.5%10.0%
  3.9%2.5%
  10.3%11.0%
  5.6%4.8%
  2.8%0.8%
  0.6%1.9%
  3.3%4.7%
  0.7%1.9%
  5.4%7.6%
  0.1%0.1%
  2.2%4.2%
  13.0%9.3%
  13.4%14.0%
  2.5%2.1%
  3.2%7.0%
  4.6%4.8%
  4.6%4.7%
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