Shrewsbury borough, NJ is a great place to live with many local companies and amenities. It's cost of living is higher than the US average, most notably in the rent of 2 bedrooms for $2,360 per month. Grocery costs are also higher in Shrewsbury borough, NJ as measured by the Grocery Cost Index of 108 versus 100 in the US. Local businesses include restaurants,bars, cafes, shops and independent stores. Other amenities include parks, outdoor recreation areas, museums and art galleries. Residents here can enjoy a range of activities such as fishing on nearby lakes or rivers, visiting historic sites or taking part in community events such as festivals and parades.
Shrewsbury borough has an unemployment rate of 6.8%. The US average is 6.0%.
Shrewsbury borough 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 Shrewsbury borough
- The Sales Tax Rate for Shrewsbury borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Shrewsbury borough 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 Shrewsbury borough
- The average income of a Shrewsbury borough resident is $53,577 a year. The US average is $28,555 a year.
- The Median household income of a Shrewsbury borough resident is $149,792 a year. The US average is $69,021 a year.