Asbury Park, NJ is a vibrant city that offers plenty of opportunities for residents. It has a thriving business community with many different companies, such as The Asbury Hotel, Bon Jovi Soul Kitchen, and The Stone Pony. It also has a great selection of local restaurants, shops, entertainment venues, and more. In terms of living expenses, 2 bedroom rental prices in Asbury Park are slightly higher than the US average at $1,670 per month compared to $1,430 across the country. Additionally, it has a higher Grocery Cost Index than the US at 106 versus 100 respectively. This means that food prices in Asbury Park are 6% higher than those in the rest of the United States.
Asbury Park has an unemployment rate of 6.8%. The US average is 6.0%.
Asbury Park 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 Asbury Park
- The Sales Tax Rate for Asbury Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Asbury Park 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 Asbury Park
- The average income of a Asbury Park resident is $24,282 a year. The US average is $28,555 a year.
- The Median household income of a Asbury Park resident is $54,676 a year. The US average is $69,021 a year.