Pennsauken, NJ is a great place to live. Located just outside of Philadelphia, it offers access to a variety of amenities such as shopping at the nearby Cherry Hill Mall, dining at the high-end restaurants, or entertainment venues like the BB&T Pavilion. It's prime location also allows for easy access to the New Jersey Turnpike, making commuting in and out of Philadelphia easy. With a grocery cost index slightly higher than the national average (102 versus 100), Pennsauken residents can still find affordable food from local companies like ShopRite and Wegmans. The cost of rent for a 2-bedroom in Pennsauken is $1,390 which is slightly lower than the national price of $1,430. All in all, Pennsauken has something for everyone with its great amenities at a reasonable cost of living!
Pennsauken has an unemployment rate of 8.0%. The US average is 6.0%.
Pennsauken 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 Pennsauken
- The Sales Tax Rate for Pennsauken is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Pennsauken 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 Pennsauken
- The average income of a Pennsauken resident is $27,372 a year. The US average is $28,555 a year.
- The Median household income of a Pennsauken resident is $72,802 a year. The US average is $69,021 a year.