Zip 08078 (Runnemede, NJ) Economy


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08078 Runnemede, NJ is an ideal city to live in for those looking for a combination of convenience and affordability. The two bedroom rent in this area is $1,220 which is significantly lower than the US average 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in 08078 Runnemede is 102 compared to 100 in the US which makes it a great choice for budget conscious individuals. There are many local businesses located in this area such as Mathnasium of Runnemede, Express Oil Change & Tire Engineers and Hallmark Home Mortgage. All these companies provide excellent services to residents living there.

Runnemede (zip 08078) has an unemployment rate of 8.0%. The US average is 6.0%.

Runnemede (zip 08078) 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 27.8%, which is lower than the US average of 33.5%.

Tax Rates for Runnemede (zip 08078)
- The Sales Tax Rate for Runnemede (zip 08078) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Runnemede (zip 08078) 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 Runnemede (zip 08078)
- The average income of a Runnemede (zip 08078) resident is $26,427 a year. The US average is $28,555 a year.
- The Median household income of a Runnemede (zip 08078) resident is $77,148 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRunnemede, New JerseyUnited States
  86
  -5.8%-6.2%
  27.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $34,250$37,638
  $77,148$69,021
  $98,092$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  7.1%6.8%
  8.3%10.0%
  6.1%2.5%
  12.2%11.0%
  5.9%4.8%
  0.2%0.8%
  1.6%1.9%
  4.7%4.7%
  1.1%1.9%
  5.8%7.6%
  0.0%0.1%
  3.6%4.2%
  11.9%9.3%
  14.4%14.0%
  3.4%2.1%
  6.3%7.0%
  3.9%4.8%
  3.3%4.7%
Health