Colonia, NJ is a bustling suburban town in Middlesex County. It is home to a variety of local companies such as M.B. Morgan Corporation, Colonia Medical Center, Primerica Financial Services, and Greentree Property Management. The area has an average 2 bedroom rent of $1,980 which is quite a bit higher than the national average of $1,430. Additionally, the grocery cost index for Colonia is 106 versus 100 for the US on average. This makes it 6% more expensive to buy groceries in Colonia than it would be nationally.
Colonia has an unemployment rate of 6.9%. The US average is 6.0%.
Colonia 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 Colonia
- The Sales Tax Rate for Colonia is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Colonia 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 Colonia
- The average income of a Colonia resident is $36,070 a year. The US average is $28,555 a year.
- The Median household income of a Colonia resident is $109,331 a year. The US average is $69,021 a year.