Laurel Lake, NJ is a charming town located in the Garden State. It is known for its lush greenery and many outdoor activities like fishing, walking trails, and golf courses. The cost of living in Laurel Lake is slightly higher than the US average, with two bedroom rent being $1,460 compared to $1,430 in the US. Additionally, grocery costs are higher here as well at 101 versus 100 in the US. In terms of attractions, Laurel Lake has a lot to offer such as an amusement park called Six Flags Great Adventure and Hurricane Harbor as well as numerous shopping centers and restaurants. There are also several local businesses that contribute to this community such as Brandywine Nursery Inc., Advanced Auto Body Works LLC, and All County HVAC Services LLC.
Laurel Lake has an unemployment rate of 9.4%. The US average is 6.0%.
Laurel Lake 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 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Laurel Lake
- The Sales Tax Rate for Laurel Lake is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Laurel Lake 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 Laurel Lake
- The average income of a Laurel Lake resident is $20,409 a year. The US average is $28,555 a year.
- The Median household income of a Laurel Lake resident is $46,094 a year. The US average is $69,021 a year.