Mount Ephraim, NJ is a beautiful town situated in South Jersey with a great quality of life. The cost of living in Mount Ephraim is slightly higher than the national average, but is still considered affordable. A two bedroom rental in Mount Ephraim will cost an average of $1,320 which is less than the national average by $110. In addition, the Grocery Cost Index in Mount Ephraim is higher than that of the nation at 102 versus 100 respectively. This makes it a good place to live as basic needs are easily met and budget can be managed prudently.
Mount Ephraim houses many local businesses such as All American Pool and Spa, My Main Line Realty, and Mt Ephraim Chrysler Dodge Jeep Ram. These businesses thrive due to the high-quality lifestyle people experience in this area and its close proximity to nearby cities such as Philadelphia and Wilmington.
Overall, living in Mount Ephraim is a great choice for those looking to experience a quality lifestyle without breaking their bank accounts. With the reasonable prices of rentals and groceries combined with its beautiful atmosphere and easy access to plethora of activities offered nearby, it’s not hard to see why so many choose this town as their home.
Mount Ephraim has an unemployment rate of 8.0%. The US average is 6.0%.
Mount Ephraim has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Mount Ephraim
- The Sales Tax Rate for Mount Ephraim is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mount Ephraim 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 Mount Ephraim
- The average income of a Mount Ephraim resident is $31,069 a year. The US average is $28,555 a year.
- The Median household income of a Mount Ephraim resident is $82,976 a year. The US average is $69,021 a year.