Spring Lake, NJ is a charming borough in Monmouth County that offers close proximity to the Jersey Shore and New York City. It is an ideal location for families and individuals looking for a peaceful beachside town with easy access to urban amenities. It has plenty of recreational activities such as golf courses, tennis courts, and beaches, and many local businesses. Rent for two bedroom apartments is slightly higher than the US average at $1,650 per month compared to $1,430 nationally. The local Grocery Cost Index is also above the national average at 110 versus 100 in the US. Popular companies located in Spring Lake include Atlantic Health System, Hackensack Meridian Health Jersey Shore University Medical Center, The Kislak Company Inc., T&M Associates, and Spring Lake Laboratory LLC.
Spring Lake has an unemployment rate of 6.8%. The US average is 6.0%.
Spring Lake 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 Spring Lake
- The Sales Tax Rate for Spring Lake is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Spring Lake 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 Spring Lake
- The average income of a Spring Lake resident is $72,203 a year. The US average is $28,555 a year.
- The Median household income of a Spring Lake resident is $119,659 a year. The US average is $69,021 a year.