New Egypt, NJ is a small town located in Central New Jersey. It offers its residents plenty of outdoor activities and attractions, from local parks to historical sites. The town also has a variety of local businesses that contribute to the economy. Local companies include Armstrong Garden Center, Shoreland Pest Control, and Marlboro Country Store. Rent costs for two-bedroom apartments are lower than the national average at $1,320 compared to $1,430. Grocery costs are slightly higher in New Egypt with an index of 105 versus 100 in the US. This makes living in New Egypt an affordable option for families and individuals alike while still enjoying all of what it has to offer.
New Egypt has an unemployment rate of 7.5%. The US average is 6.0%.
New Egypt 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for New Egypt
- The Sales Tax Rate for New Egypt is 6.6%. The US average is 7.3%.
- The Income Tax Rate for New Egypt 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 New Egypt
- The average income of a New Egypt resident is $27,178 a year. The US average is $28,555 a year.
- The Median household income of a New Egypt resident is $64,861 a year. The US average is $69,021 a year.