Montville, NJ Economy


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Montville, NJ is an ideal place to live for anyone looking to balance affordability with convenience. The 2 bedroom rent in Montville is slightly higher than the US average of $1,430, but it remains within reach for many people looking for a place to call home. Additionally, amenities like groceries are also covered by Montville's cost index of 109 compared to 100 in the US. Moreover, living in Montville means you have access to some of the best local companies such as Maxfield's Auto Repair and Supply Co., King's Pizza & Grill and Wiedemann Hardware & Home Center. All these factors make Montille an attractive option for those who want to enjoy a comfortable life while staying within their budget. In conclusion, if you are searching for an affordable place to call home that offers convenience then Montville should be your first choice.

Montville has an unemployment rate of 6.2%. The US average is 6.0%.

Montville has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Montville
- The Sales Tax Rate for Montville is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Montville 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 Montville
- The average income of a Montville resident is $55,994 a year. The US average is $28,555 a year.
- The Median household income of a Montville resident is $151,003 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontville, New JerseyUnited States
  6.26
  -7.3%-6.2%
  23.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $66,621$37,638
  $151,003$69,021
  $175,230$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.3%6.8%
  8.9%10.0%
  5.4%2.5%
  6.0%11.0%
  2.9%4.8%
  0.2%0.8%
  1.6%1.9%
  10.7%4.7%
  3.1%1.9%
  21.0%7.6%
  0.3%0.1%
  3.8%4.2%
  8.2%9.3%
  11.7%14.0%
  1.7%2.1%
  3.0%7.0%
  2.9%4.8%
  2.2%4.7%
Reviews for Montville
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Over 10 years ago

I enjoy Montville because of its location. It is convenient to all shopping (within 1/2 hour) We are located minutes to Rt's 80, 280, 46, 10, 287 north and  More

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