Loch Arbour, NJ is a small town located in Monmouth County with a population of just over 500 people. It is known for its quiet atmosphere and proximity to Asbury Park and Bradley Beach beach towns. Renting a two-bedroom apartment in Loch Arbour costs $1,470 on average compared to the US average of $1,430. Groceries are also slightly more expensive as the Grocery Cost Index for the area is 115 compared to 100 nationally. Local companies and businesses include The Village Market which offers groceries and fresh produce, Scoops Café which serves diner-style food, North End Bagel Cafe which specializes in breakfast food, and Zarin's Dry Cleaners for all your cleaning needs. Other attractions around town include the nearby beaches and there are plenty of outdoor activities like hiking trails at Allaire State Park located close by as well.
Loch Arbour has an unemployment rate of 6.8%. The US average is 6.0%.
Loch Arbour 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 Loch Arbour
- The Sales Tax Rate for Loch Arbour is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Loch Arbour 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 Loch Arbour
- The average income of a Loch Arbour resident is $58,592 a year. The US average is $37,638 a year.
- The Median household income of a Loch Arbour resident is $111,250 a year. The US average is $69,021 a year.