Clayton, NJ is an attractive place to live in due to its affordability and quality of life it offers. The average rent for a two-bedroom apartment is $1,380 – lower than the US average of $1,430. Similarly, the Grocery Cost Index in Clayton is 102 compared to 100 nationally - suggesting that people can save money when shopping for groceries in the area.
The town hosts various businesses such as the Hub City Music Academy, Island Breeze Salon & Spa, Carpenters Furniture Co., and Clayton Auto Body Repair LLC. All these companies offer their services at competitive prices. Furthermore, Clayton's close proximity to Philadelphia also provides plenty of opportunities for employment and entertainment.
Overall, with its relatively low costs of living and an abundance of local businesses and job opportunities, Clayton makes an ideal place for anyone looking for a comfortable lifestyle on a budget.
Clayton has an unemployment rate of 7.3%. The US average is 6.0%.
Clayton 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 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Clayton
- The Sales Tax Rate for Clayton is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Clayton 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 Clayton
- The average income of a Clayton resident is $28,009 a year. The US average is $28,555 a year.
- The Median household income of a Clayton resident is $96,776 a year. The US average is $69,021 a year.