Lake Mohawk, New Jersey is located in Sussex County and is known for its picturesque lakefront community. The two bedroom rent in Lake Mohawk is nearly 30% higher than the US average of $1,430. Despite this, the cost of living in Lake Mohawk is relatively low due to the grocery cost index being only 5 points higher than that of the US average. This makes it a great place for people who want to live comfortably without breaking the bank. There are many local companies that serve this area such as Niziolek Plumbing & Heating, K&K Landscaping, and JT Technologies NJ. These companies provide excellent services to locals and help make Lake Mohawk a great place to live.
Lake Mohawk has an unemployment rate of 7.7%. The US average is 6.0%.
Lake Mohawk 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 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Lake Mohawk
- The Sales Tax Rate for Lake Mohawk is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lake Mohawk 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 Lake Mohawk
- The average income of a Lake Mohawk resident is $51,179 a year. The US average is $28,555 a year.
- The Median household income of a Lake Mohawk resident is $123,875 a year. The US average is $69,021 a year.