Mantoloking, NJ is a small town located on the Atlantic Coast in Ocean County. The population here is 573 people, making it one of the smallest municipalities in New Jersey. Despite its size however, it is an affluent area with a high median household income of $250,000. A two bedroom rental costs approximately $1,560 per month which is slightly higher than the US average of $1,430 per month. Grocery costs are also slightly higher here than the national average index of 100 with a grocery cost index of 117.
Mantoloking boasts a variety of local businesses that cater to its residents and visitors alike. These include restaurants such as Lombardi’s Pizza & Pasta and Robin’s Nest Eatery; stores such as Mantoloking Hardware and Manta Market; boutiques like Fancy That Boutique & Gifts; health services like Bay Head Chiropractic Care; and banks like OceanFirst Bank. Overall, due to the higher cost of rent and groceries compared to other places in the US, living in Mantoloking can be quite expensive but its natural beauty and many amenities make up for it.
Mantoloking (zip 08738) has an unemployment rate of 7.4%. The US average is 6.0%.
Mantoloking (zip 08738) 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 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Mantoloking (zip 08738)
- The Sales Tax Rate for Mantoloking (zip 08738) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mantoloking (zip 08738) 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 Mantoloking (zip 08738)
- The average income of a Mantoloking (zip 08738) resident is $95,385 a year. The US average is $28,555 a year.
- The Median household income of a Mantoloking (zip 08738) resident is $153,636 a year. The US average is $69,021 a year.