Oaklyn, NJ is a small borough located near Philadelphia in Camden County. It is a great place to live for those looking for an affordable cost of living. The average two bedroom rent in Oaklyn is $1,370 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Oaklyn is 103 compared to the US average of 100. In terms of businesses, some popular local companies include Jersey Mike’s Subs, Hot Dog Johns Restaurant and Bar, and Elite Hair Care Studio. These businesses offer great products and services to residents in Oaklyn as well as visitors from out-of-town.
Oaklyn has an unemployment rate of 8.0%. The US average is 6.0%.
Oaklyn 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 Oaklyn
- The Sales Tax Rate for Oaklyn is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Oaklyn 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 Oaklyn
- The average income of a Oaklyn resident is $32,923 a year. The US average is $28,555 a year.
- The Median household income of a Oaklyn resident is $78,750 a year. The US average is $69,021 a year.