Woodbine, NJ is a small town located in Cape May County that offers plenty of opportunities for locals and visitors. The median 2 bedroom rent in Woodbine is $1,550 which is slightly higher than the national average of $1,430. Additionally, residents can save money on groceries as Woodbine has a Grocery Cost Index of 104 compared to 100 nationally. Those who live here enjoy access to many local companies such as Atlantic Credit & Finance Inc., Peter J. McGuire Electric Company, and Thomas Landscaping & Tree Co Inc. All in all, Woodbine is a great place for those looking for a peaceful community with affordable housing options and easy access to numerous businesses.
Woodbine has an unemployment rate of 12.5%. The US average is 6.0%.
Woodbine has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Woodbine
- The Sales Tax Rate for Woodbine is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Woodbine 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 Woodbine
- The average income of a Woodbine resident is $17,281 a year. The US average is $28,555 a year.
- The Median household income of a Woodbine resident is $32,000 a year. The US average is $69,021 a year.