Florence, NJ is a small town located in Burlington County that offers an array of amenities within walking distance for its residents. The town has an average 2 bedroom rental rate of $1,450, which is slightly higher than the national average of $1,430. The grocery cost index in Florence is also higher than the US average at 103 versus 100. In addition to affordable housing options, many local businesses are located in Florence including PetSmart, JC Penney and IHOP. For those looking to enjoy the outdoors there are multiple parks and trails nearby as well. Florence is a great place to live with plenty of activities for everyone!
Florence township has an unemployment rate of 6.4%. The US average is 6.0%.
Florence township has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Florence township
- The Sales Tax Rate for Florence township is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Florence township 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 Florence township
- The average income of a Florence township resident is $46,346 a year. The US average is $37,638 a year.
- The Median household income of a Florence township resident is $93,508 a year. The US average is $69,021 a year.