Zip 08553 (Rocky Hill, NJ) Economy


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Rocky Hill is a small town in New Jersey with a population of 855. The rental prices for two bedroom apartments in Rocky Hill are quite high, at $2,210 compared to the US average of $1,430. Groceries are about 7% higher than the US average index, making the cost of living slightly higher than most other areas.
The area offers a few options for local businesses including restaurants such as Italian Bistro before & after and Lucky Corner Restaurant & Bar. For shopping locals enjoy visiting Rocky Hill General Store or the Rocky Hill Flower Shop and Garden Center. Rocky Hill also has a few notable attractions such as Stony Brook Millstone Watershed Reserve and Blackwells Mills Canal House Museum.
Overall, those looking to live in Rocky Hill can expect to pay slightly more in rent and for groceries than most other towns but have access to some great amenities that make it worth it.

Rocky Hill (zip 08553) has an unemployment rate of 6.3%. The US average is 6.0%.

Rocky Hill (zip 08553) 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 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Rocky Hill (zip 08553)
- The Sales Tax Rate for Rocky Hill (zip 08553) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Rocky Hill (zip 08553) 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 Rocky Hill (zip 08553)
- The average income of a Rocky Hill (zip 08553) resident is $58,367 a year. The US average is $28,555 a year.
- The Median household income of a Rocky Hill (zip 08553) resident is $126,389 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRocky Hill, New JerseyUnited States
  6.36
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $81,530$37,638
  $126,389$69,021
  $150,000$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.2%6.8%
  11.6%10.0%
  4.0%2.5%
  3.0%11.0%
  3.5%4.8%
  0.0%0.8%
  1.1%1.9%
  4.0%4.7%
  5.1%1.9%
  16.7%7.6%
  0.0%0.1%
  2.7%4.2%
  19.1%9.3%
  13.2%14.0%
  3.0%2.1%
  7.0%7.0%
  3.2%4.8%
  0.8%4.7%
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