Allenwood, NJ is a wonderful place to live with affordable housing. The average two bedroom rent in Allenwood is only $1,590, which is lower than the national average of $1,430. Additionally, the Grocery Cost Index in Allenwood is 108, versus 100 in the US. This means that groceries are slightly more expensive here than in other places.
The town itself has plenty of local businesses such as Elm Street Market, Dave's Home Repair Services and Allenwood Pawn Shop. It's also home to several schools including Allenwood Elementary School, St. Vincent de Paul Catholic School and Allentown High School. With its affordable housing and thriving businesses and schools, it’s no wonder why so many people choose to live in this charming small town.
Allenwood has an unemployment rate of 6.8%. The US average is 6.0%.
Allenwood 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Allenwood
- The Sales Tax Rate for Allenwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Allenwood 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 Allenwood
- The average income of a Allenwood resident is $40,940 a year. The US average is $28,555 a year.
- The Median household income of a Allenwood resident is $155,536 a year. The US average is $69,021 a year.