West Belmar, NJ Economy


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West Belmar, NJ is a coastal town with beautiful beaches and an active nightlife. It has become increasingly popular among those looking for family-friendly activities or a short weekend getaway from the hustle and bustle of city life. Even though rent for 2 bedroom apartments in West Belmar, NJ is slightly higher than the US average of $1,430, the Grocery Cost Index is only 107 versus 100 in the US. This makes it an affordable place to live. Major local companies in West Belmar include Jersey Shore Bait & Tackle, Country Convenience Store and Ignition Martial Arts Academy.

West Belmar has an unemployment rate of 6.8%. The US average is 6.0%.

West Belmar has seen the job market decrease by -6.6% 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 West Belmar
- The Sales Tax Rate for West Belmar is 6.6%. The US average is 7.3%.
- The Income Tax Rate for West Belmar 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 West Belmar
- The average income of a West Belmar resident is $48,065 a year. The US average is $37,638 a year.
- The Median household income of a West Belmar resident is $94,850 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Belmar, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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