Kenvil, NJ Economy


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Kenvil, NJ is a vibrant community located in Morris County. It has many great amenities, such as grocery stores, restaurants, and parks. The two bedroom rental rate in Kenvil is slightly higher than the national average at $1,910 per month. The cost of groceries in the area is also higher at 105 compared to the national average of 100. Kenvil offers a variety of local companies including D&S Paving Co., Mike's Heating & Air Conditioning Inc., and numerous restaurants like La Casa Del Mofongo and Fiamma Italian Restaurant & Bar. With its convenient location near highways and shopping centers, there are plenty of activities for residents to enjoy within the town limits.

Kenvil has an unemployment rate of 6.2%. The US average is 6.0%.

Kenvil has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Kenvil
- The Sales Tax Rate for Kenvil is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Kenvil 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 Kenvil
- The average income of a Kenvil resident is $37,847 a year. The US average is $28,555 a year.
- The Median household income of a Kenvil resident is $69,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKenvil, New JerseyUnited States
  6.26
  -7.3%-6.2%
  23.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $35,209$37,638
  $69,167$69,021
  $65,871$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.3%6.8%
  3.8%10.0%
  2.2%2.5%
  6.5%11.0%
  20.4%4.8%
  1.6%0.8%
  8.2%1.9%
  0.0%4.7%
  0.0%1.9%
  6.2%7.6%
  0.0%0.1%
  2.8%4.2%
  6.0%9.3%
  20.2%14.0%
  4.4%2.1%
  2.7%7.0%
  3.0%4.8%
  2.8%4.7%
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