Port Monmouth, NJ is a great place to live with plenty of opportunity and amenities. Rent costs for a two-bedroom are $1,990, which is 40% higher than the national rate of $1,430. This makes Port Monmouth an ideal location for those looking for good value on rental properties. Additionally, the grocery cost index in Port Monmouth is 106 versus 100 in the US, indicating that groceries are slightly more expensive here than average. Local employers include AT&T, The College of New Jersey, Robert Wood Johnson University Hospital, Rutgers University and Rutgers Cancer Institute of New Jersey. With its booming economy and close proximity to big cities such as Philadelphia and New York City, Port Monmouth is a great place to work or enjoy life with family or friends.
Port Monmouth has an unemployment rate of 6.8%. The US average is 6.0%.
Port Monmouth has seen the job market decrease by -6.6% 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 Port Monmouth
- The Sales Tax Rate for Port Monmouth is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Port Monmouth 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 Port Monmouth
- The average income of a Port Monmouth resident is $41,752 a year. The US average is $37,638 a year.
- The Median household income of a Port Monmouth resident is $85,962 a year. The US average is $69,021 a year.