Dumont, NJ is a charming town located in northern New Jersey. The cost of rent for two-bedroom apartments is higher than the national average at $1,710. Grocery costs are also higher than the US average, with an index of 106 compared to 100 in the US as a whole. The town has several businesses that contribute to its overall economy, including Carrols Corporation, which operates Burger King franchises in Dumont and neighboring towns; Hackensack Automotive Group offering a variety of car services; and Fleet Logistics which offers freight transport and logistics services. In addition, several healthcare providers such as Valley Health Systems operate in Dumont. The town is also home to an active community center where residents can enjoy recreational activities like sports and movie nights.
Dumont has an unemployment rate of 7.4%. The US average is 6.0%.
Dumont has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Dumont
- The Sales Tax Rate for Dumont is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Dumont 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 Dumont
- The average income of a Dumont resident is $37,553 a year. The US average is $28,555 a year.
- The Median household income of a Dumont resident is $108,333 a year. The US average is $69,021 a year.