Fair Haven is a borough in Monmouth County, New Jersey. The area offers a variety of amenities including local businesses, parks, and waterfront access. With its close proximity to larger cities like New York City and Philadelphia, Fair Haven is an ideal place to live for those who want to enjoy the benefits of city life without the hectic pace. An estimated 2 bedroom rent in Fair Haven is $2,150 compared to the US 2 Bedroom Rent at $1,430. Grocery costs are also higher here with a Grocery Cost Index of 112 versus 100 in the US.
There are many local businesses that call Fair Haven home including Bacco Italian Restaurant & Bar, Jouvay Caribbean Cuisine Kitchen and Bar, and La Cocina Deli & Grill. These restaurants have become staples in the town for their delicious cuisine while providing employment opportunities for locals.
All in all, Fair Haven offers great convenience and quality of life with its proximity to larger cities but takes no back seat when it comes to its own unique charm; however, living costs can be higher here than other locations as rent and groceries tend to be more expensive than the national averages.
Fair Haven has an unemployment rate of 6.8%. The US average is 6.0%.
Fair Haven has seen the job market decrease by -6.6% 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 Fair Haven
- The Sales Tax Rate for Fair Haven is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Fair Haven 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 Fair Haven
- The average income of a Fair Haven resident is $94,303 a year. The US average is $37,638 a year.
- The Median household income of a Fair Haven resident is $192,500 a year. The US average is $69,021 a year.