Zip 07045 (Montville, NJ) Economy


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07045 Montville, NJ is a great town to live and work in. It has a small-town feel with plenty of entertainment options. The two bedroom rent in this area is $2,420 which is slightly higher than the US average of $1,430. Grocery cost index in this area is also higher at 108 compared to 100 in the US.
Montville offers plenty of job opportunities as companies like Datalogic Automation Inc., Renault Winery Resort & Golf, and Atlantic Health System have their offices here. In terms of entertainment, people can enjoy theatre performances at Playwrights Theatre or watch movies at AMC Rockaway 16. There are also many popular restaurants like Chimney Rock Inn and Araya Thai Restaurant that are worth trying out. Montville also has many parks and trails such as Allamuchy State Park and Hedden County Park, making it perfect for outdoor activities like hiking, camping and fishing.

Montville (zip 07045) has an unemployment rate of 6.2%. The US average is 6.0%.

Montville (zip 07045) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Montville (zip 07045)
- The Sales Tax Rate for Montville (zip 07045) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Montville (zip 07045) 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 Montville (zip 07045)
- The average income of a Montville (zip 07045) resident is $64,171 a year. The US average is $28,555 a year.
- The Median household income of a Montville (zip 07045) resident is $149,659 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontville, New JerseyUnited States
  6.26
  -7.3%-6.2%
  23.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $71,664$37,638
  $149,659$69,021
  $181,184$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.9%6.8%
  6.2%10.0%
  5.0%2.5%
  7.9%11.0%
  4.0%4.8%
  0.1%0.8%
  1.7%1.9%
  14.6%4.7%
  1.9%1.9%
  19.0%7.6%
  0.3%0.1%
  2.6%4.2%
  6.5%9.3%
  13.1%14.0%
  2.2%2.1%
  3.2%7.0%
  2.5%4.8%
  3.2%4.7%
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