Phillipsburg, NJ is a city located in Warren County. It is home to many businesses, including Phillipsburg Airport, Valley National Bank, Bayshore Industries Inc., and TMI Hospitality. The cost of living in Phillipsburg is slightly higher than the US average, with the average two bedroom rent being $1,440 versus $1,430 nationally. This can also be seen in the Grocery Cost Index which is 102 compared to 100 in the US.
Phillipsburg has an unemployment rate of 7.0%. The US average is 6.0%.
Phillipsburg has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Phillipsburg
- The Sales Tax Rate for Phillipsburg is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Phillipsburg 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 Phillipsburg
- The average income of a Phillipsburg resident is $23,706 a year. The US average is $28,555 a year.
- The Median household income of a Phillipsburg resident is $57,292 a year. The US average is $69,021 a year.