Spotswood, NJ is a small borough located in Middlesex County with a vibrant community. The town has many local companies and amenities to offer its residents. Popular places to visit include the Spotswood Shopping Center, J&M music shop, and Stonybrook Golf Course. The cost of living here is slightly higher than the US average, with 2 bedroom rent being $1,690 compared to the US average of $1,430. Grocery cost index in Spotswood is 105 versus the US average of 100. There are also many parks located around Spotswood for those who enjoy outdoor activities such as fishing and biking. These amenities make Spotswood an attractive place to live for people looking for a close-knit community atmosphere.
Spotswood has an unemployment rate of 6.9%. The US average is 6.0%.
Spotswood 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 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Spotswood
- The Sales Tax Rate for Spotswood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Spotswood 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 Spotswood
- The average income of a Spotswood resident is $33,750 a year. The US average is $28,555 a year.
- The Median household income of a Spotswood resident is $92,527 a year. The US average is $69,021 a year.