Ocean Grove, NJ is a well-known coastal town located in Monmouth County. It has a rich history as an active religious center for Methodists since its founding in 1869. This lovely town is full of charm with many locally owned businesses, including Ocean Grove Market for groceries, Sea Bright Pizza & Grill for delicious Italian food, and Crust & Crumble Bakery for homemade treats. The cost of living in Ocean Grove is slightly higher than the national average. Renting a two bedroom apartment costs $1,350 compared to the national average of $1,430 per month. Grocery prices are also higher than the US average index score at 108 compared to 100.
Ocean Grove has an unemployment rate of 6.8%. The US average is 6.0%.
Ocean Grove 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 Ocean Grove
- The Sales Tax Rate for Ocean Grove is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ocean Grove 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 Ocean Grove
- The average income of a Ocean Grove resident is $46,467 a year. The US average is $28,555 a year.
- The Median household income of a Ocean Grove resident is $65,078 a year. The US average is $69,021 a year.