Lakehurst, NJ Economy


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Lakehurst, NJ is a small town located in Ocean County. The average rent for a 2-bedroom apartment in Lakehurst is $1,700 which is slightly higher than the national average of $1,430. Grocery costs are also slightly higher with an index rating of 101 compared to the national index of 100.
Lakehurst, NJ is home to several notable companies including Purvis Industries, Netcong Foundry Co., Tindall Corporation, and S&S Metal Fabricators. Although Lakehurst offers a slightly higher cost of living compared to the US average due to its higher rental and grocery prices, its businesses provide many jobs and will continue to do so for years to come.

Lakehurst has an unemployment rate of 7.5%. The US average is 6.0%.

Lakehurst 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 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Lakehurst
- The Sales Tax Rate for Lakehurst is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lakehurst 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 Lakehurst
- The average income of a Lakehurst resident is $22,680 a year. The US average is $28,555 a year.
- The Median household income of a Lakehurst resident is $64,432 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLakehurst, New JerseyUnited States
  7.56
  -6.6%-6.2%
  28.0%33.5%
  6.6%6.2%
  5.5%4.6%
  $29,106$37,638
  $64,432$69,021
  $72,981$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  9.3%6.8%
  9.4%10.0%
  1.6%2.5%
  13.4%11.0%
  5.8%4.8%
  1.0%0.8%
  1.2%1.9%
  3.5%4.7%
  0.9%1.9%
  2.8%7.6%
  0.0%0.1%
  4.4%4.2%
  4.5%9.3%
  19.0%14.0%
  3.7%2.1%
  8.9%7.0%
  1.5%4.8%
  8.8%4.7%
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