Folsom, NJ is a great place to live for those looking to balance affordability and convenience. The cost of rent for a 2 Bedroom apartment in the area is $1,500 which is slightly higher than the US average of $1,430. The grocery cost index in Folsom, NJ is 103, which is higher than the 100 national average. Local companies include Folsom Town Hall, Folson Lake Diner and Bakery, and Barnacle Bill's Seafood Market. The town offers plenty of attractions such as historical sites, outdoor activities and more. Aside from the standard amenities you'd find in any other town there are also several unique features that make living in Folsom worthwhile.
Folsom has an unemployment rate of 11.6%. The US average is 6.0%.
Folsom has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Folsom
- The Sales Tax Rate for Folsom is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Folsom 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 Folsom
- The average income of a Folsom resident is $27,406 a year. The US average is $28,555 a year.
- The Median household income of a Folsom resident is $106,406 a year. The US average is $69,021 a year.