Monmouth Junction, NJ is a small town located in Middlesex County with a population of just over 1,500. It is a great place to live for people who want to take advantage of its close proximity to larger cities such as Princeton and New Brunswick. Monmouth Junction has plenty of local businesses ranging from restaurants and pubs to grocery stores such as ShopRite and CVS Pharmacy. Additionally, the town offers attractions like Johnson Park, which is known for its walking trails and views of the river. Three interesting facts about Monmouth Junction are that it has one of the highest 2 bedroom rents in the country, its grocery cost index is higher than the U.S average, and it is close to several universities such as Rutgers University and Princeton University.
Monmouth Junction has an unemployment rate of 6.9%. The US average is 6.0%.
Monmouth Junction has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Monmouth Junction
- The Sales Tax Rate for Monmouth Junction is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Monmouth Junction 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 Monmouth Junction
- The average income of a Monmouth Junction resident is $36,039 a year. The US average is $28,555 a year.
- The Median household income of a Monmouth Junction resident is $123,906 a year. The US average is $69,021 a year.