Carteret, NJ is a small town located in Middlesex County. It has a population of over 20,000 people and has been steadily growing over the years. The cost of living in Carteret is higher than the US average. For example, the rent for two bedroom apartments is $1,980 per month as opposed to the US average of $1,430. Additionally, the grocery cost index for Carteret is 104 versus 100 in the US overall.
The town has a number of businesses including J&S General Contracting Inc., Car Service Carteret LLC, CeeKay Auto Body & Repair Inc., Family Dollar Stores Inc., and Ability Care Services LLC. Each company offers quality services that contribute to the community's well-being and economic growth.
Carteret has an unemployment rate of 6.9%. The US average is 6.0%.
Carteret has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Carteret
- The Sales Tax Rate for Carteret is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Carteret 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 Carteret
- The average income of a Carteret resident is $23,782 a year. The US average is $28,555 a year.
- The Median household income of a Carteret resident is $74,583 a year. The US average is $69,021 a year.