Little Silver, NJ is a beautiful town located in the northern part of New Jersey. It is conveniently located between New York City and Philadelphia. The rent for two bedroom apartments is considerably higher than the national average, at $2,440 compared to $1,430 nationally. The cost of groceries is also higher than the US average, with an index of 110 compared to 100. Despite its expensive living costs, Little Silver offers many attractive features including excellent schools and community parks. There are also many businesses and attractions like Red Bank RiverCenter and Park Avenue Florist that make this small city an exciting place to live.
Little Silver has an unemployment rate of 6.8%. The US average is 6.0%.
Little Silver has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Little Silver
- The Sales Tax Rate for Little Silver is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Little Silver 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 Little Silver
- The average income of a Little Silver resident is $67,963 a year. The US average is $28,555 a year.
- The Median household income of a Little Silver resident is $212,069 a year. The US average is $69,021 a year.