Belmar, NJ is a vibrant beach town located in Monmouth County. This small town offers various activities for visitors and locals alike. From boardwalk amusement rides to local restaurants, the town has something for everyone. The average cost of two-bedroom rent in Belmar is $1,610 compared to the US average of $1,430. Additionally, grocery costs are significantly higher in Belmar with an index of 107 compared to 100 in the United States. Some notable companies located in Belmar include Koola's Ice Cream & Cafe, La Dolce Vita, and Boardwalk Bagel Cafe Bistro. These establishments offer delicious meals and snacks that draw people from all over the area.
Belmar has an unemployment rate of 6.8%. The US average is 6.0%.
Belmar 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 Belmar
- The Sales Tax Rate for Belmar is 6.6%. The US average is 7.3%.
- The Income Tax Rate for 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 Belmar
- The average income of a Belmar resident is $40,066 a year. The US average is $28,555 a year.
- The Median household income of a Belmar resident is $90,461 a year. The US average is $69,021 a year.