Lebanon borough, NJ is an attractive place to live for those who seek a safe and vibrant community. With its affordable two bedroom rental rates of $2,330 compared to the US average of $1,430, it's easy to see why so many people are drawn to the area. The grocery cost index in Lebanon borough is 107 versus 100 in the US, making basic necessities more accessible than other places. Residents in Lebanon borough have access to various local businesses including Flannigan's Diner, Barley Mow Brewing Company, and High Bridge Fitness Center. Other amenities include Whitehead Park which offers visitors a playground and walking trails, as well as a number of local restaurants like Pizza Palace and The Bakery House.
Lebanon borough has an unemployment rate of 5.9%. The US average is 6.0%.
Lebanon borough has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon borough
- The Sales Tax Rate for Lebanon borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lebanon borough 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 Lebanon borough
- The average income of a Lebanon borough resident is $51,894 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon borough resident is $98,315 a year. The US average is $69,021 a year.