Shark River Hills, NJ is an attractive location to live and work due to its relatively low 2 bedroom rent of $1,640 compared to the US rental rate of $1,430. It is also a great place for grocery shopping as the grocery cost index rating is 105 versus 100 in the US. Aside from its affordability, Shark River Hills has many local companies offering employment opportunities such as Monmouth Medical Center, RBC Bank USA, and CareOne. In addition to these larger employers there are smaller local businesses that contribute to the unique culture of this New Jersey town.
Shark River Hills has an unemployment rate of 6.8%. The US average is 6.0%.
Shark River Hills 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 Shark River Hills
- The Sales Tax Rate for Shark River Hills is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Shark River Hills 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 Shark River Hills
- The average income of a Shark River Hills resident is $41,478 a year. The US average is $28,555 a year.
- The Median household income of a Shark River Hills resident is $111,745 a year. The US average is $69,021 a year.