Allenhurst, NJ Economy


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Allenhurst, NJ is a small borough located in Monmouth County in the state of New Jersey. The population of Allenhurst is estimated to be between 1,500 and 2,000 people. The average rent for a two-bedroom apartment in Allenhurst is $1,470 per month which is slightly higher than the US average at $1,430 per month. This borough has a strong local business community with companies such as Shore Point Mortgage & Tax Services, Seaside Produce, and All Time Athletic Apparel all based within the area. In addition to its thriving local businesses, the grocery cost index in Allenhurst is 115 versus 100 for the US as a whole.

Allenhurst has an unemployment rate of 6.8%. The US average is 6.0%.

Allenhurst 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 Allenhurst
- The Sales Tax Rate for Allenhurst is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Allenhurst 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 Allenhurst
- The average income of a Allenhurst resident is $60,443 a year. The US average is $28,555 a year.
- The Median household income of a Allenhurst resident is $84,605 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAllenhurst, New JerseyUnited States
  6.86
  -6.6%-6.2%
  26.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $79,546$37,638
  $84,605$69,021
  $156,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.0%6.8%
  4.0%10.0%
  8.5%2.5%
  14.2%11.0%
  2.0%4.8%
  0.0%0.8%
  3.6%1.9%
  8.1%4.7%
  2.4%1.9%
  20.2%7.6%
  0.0%0.1%
  7.3%4.2%
  2.8%9.3%
  15.8%14.0%
  0.8%2.1%
  2.4%7.0%
  2.0%4.8%
  1.6%4.7%
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