Ship Bottom, NJ is a small beach town located near the shore of Long Beach Island. It is known for its picturesque waterfront, unique shops and restaurants. The town has a population of just over 1,000 people and is growing steadily in recent years. 2 bedroom rent in Ship Bottom, NJ averages about $1,500 whereas the US average for similar apartments is closer to $1,430. Additionally, grocery cost index in Ship Bottom sits at 114 versus 100 in the US - indicating that the cost of living here is higher than the national average.
The local economy is supported by numerous businesses such as The Nite Owl Market & Deli Co., Gee Gee’s Ice Cream Shoppe, and Surf City Nursery & Garden Center. These popular local spots are all popular with tourists and locals alike!
Ship Bottom has an unemployment rate of 7.5%. The US average is 6.0%.
Ship Bottom 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Ship Bottom
- The Sales Tax Rate for Ship Bottom is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ship Bottom 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 Ship Bottom
- The average income of a Ship Bottom resident is $49,172 a year. The US average is $28,555 a year.
- The Median household income of a Ship Bottom resident is $87,500 a year. The US average is $69,021 a year.