Ramtown, NJ Economy


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Ramtown, NJ is a thriving community full of many amenities. It is the perfect place for those looking to rent a two-bedroom apartment, as it has an average rent cost of $1,710 - about $280 higher than the national average for two-bedrooms. Not only that, but grocery costs in Ramtown are also higher than the US at an index of 105. There are numerous businesses and services available in the area to take advantage of such as Apple Valley Supermarket, which offers fresh produce and ingredients; K&T Auto Services for car repair and maintenance needs; along with Carson's Printing Store for all print materials. With so many options available, Ramtown is sure to provide something to everyone.

Ramtown has an unemployment rate of 6.8%. The US average is 6.0%.

Ramtown 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 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Ramtown
- The Sales Tax Rate for Ramtown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ramtown 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 Ramtown
- The average income of a Ramtown resident is $36,850 a year. The US average is $28,555 a year.
- The Median household income of a Ramtown resident is $125,772 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRamtown, New JerseyUnited States
  6.86
  -6.6%-6.2%
  26.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $46,151$37,638
  $125,772$69,021
  $128,333$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.5%6.8%
  6.6%10.0%
  1.7%2.5%
  10.8%11.0%
  10.4%4.8%
  0.3%0.8%
  0.9%1.9%
  5.4%4.7%
  0.8%1.9%
  5.8%7.6%
  0.0%0.1%
  2.5%4.2%
  12.6%9.3%
  16.5%14.0%
  2.2%2.1%
  7.8%7.0%
  3.2%4.8%
  4.9%4.7%
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