Mount Holly, NJ is a bustling community situated in Burlington County. It offers an array of recreation opportunities with a unique blend of rural landscapes and modern amenities. The cost of rental accommodation here is reasonably priced at $1,530 for two bedrooms compared to the US average of $1,430. Additionally, grocery costs are comparatively higher in Mount Holly since its index stands at 104 as opposed to 100 in the US.
Mount Holly is home to several local companies such as Shipley Energy and All-Phase Electric Supply Co., who contribute immensely to the prosperity of the city’s economy. Shipley Energy provides energy solutions in heating oil delivery, natural gas supply, propane delivery & HVAC services across southeastern PA and New Jersey while All-Phase Electric specializes in industrial electrical supplies and services ensuring that all safety standards are met while providing sound customer service at competitive prices. Collectively these businesses have had a positive impact on the economic growth of Mount Holly which continues to thrive today.
Mount Holly has an unemployment rate of 6.4%. The US average is 6.0%.
Mount Holly 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 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Mount Holly
- The Sales Tax Rate for Mount Holly is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mount Holly 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 Holly
- The average income of a Mount Holly resident is $31,550 a year. The US average is $28,555 a year.
- The Median household income of a Mount Holly resident is $75,156 a year. The US average is $69,021 a year.