Tewksbury, NJ is an ideal location for those looking to settle down and start a family. It has been recognized as one of the top places to live in New Jersey, and the availability of two bedroom rentals at $2,000 is very appealing. Additionally, the cost of groceries in Tewksbury is 7% higher than the national average, making it reasonably priced for day-to-day expenses. The town also hosts many popular companies such as Johnson & Johnson, Merck & Co., Honeywell International and AT&T. These companies are all headquartered in Tewksbury and have contributed significantly to its economic growth over the years. In conclusion, Tewksbury is an excellent place to call home with its reasonable cost of living, ample job opportunities and attractive two bedroom rental prices.
Tewksbury has an unemployment rate of 5.9%. The US average is 6.0%.
Tewksbury has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Tewksbury
- The Sales Tax Rate for Tewksbury is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Tewksbury 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 Tewksbury
- The average income of a Tewksbury resident is $88,924 a year. The US average is $28,555 a year.
- The Median household income of a Tewksbury resident is $158,989 a year. The US average is $69,021 a year.