Avenel, NJ is a great place to live due to its close proximity to New York City. The 2 bedroom rent in Avenel is slightly higher than the national average at $1,880 versus $1,430 respectively. Additionally, the cost of goods such as groceries in Avenel is 4% higher than the national average with an index of 104 versus 100. Popular local companies include: American Clock & Watch Museum, Meadowlands Flea Market and Church Street Historic District. People who choose to live in Avenel enjoy its close-knit community and access to big city amenities.
Avenel has an unemployment rate of 6.9%. The US average is 6.0%.
Avenel has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Avenel
- The Sales Tax Rate for Avenel is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Avenel 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 Avenel
- The average income of a Avenel resident is $24,274 a year. The US average is $28,555 a year.
- The Median household income of a Avenel resident is $75,947 a year. The US average is $69,021 a year.