Woolwich, NJ is a small town located a short distance from Philadelphia. It provides a peaceful atmosphere yet all the convenience of the city nearby. The average two-bedroom rental in Woolwich costs $2,100 per month, which is much higher than the US average for the same size apartment at $1,430. The cost of groceries here is also above average with an index at 106 compared to 100 in the US. Local companies in Woolwich include Scanlon Brothers Automotive Repair, South Jersey Lock & Security Systems Inc., Lytle Painting & Home Improvements, and K&H Plumbing LLC. With these amenities and convenient access to larger cities like Philadelphia, Woolwich provides an enjoyable lifestyle for its residents despite having higher costs than many other towns.
Woolwich has an unemployment rate of 7.3%. The US average is 6.0%.
Woolwich has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Woolwich
- The Sales Tax Rate for Woolwich is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Woolwich 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 Woolwich
- The average income of a Woolwich resident is $42,904 a year. The US average is $28,555 a year.
- The Median household income of a Woolwich resident is $127,450 a year. The US average is $69,021 a year.