Hancocks Bridge, NJ Economy


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Hancocks Bridge is a small town in New Jersey with a variety of businesses and amenities. There are several restaurants, stores, banks, parks, and other facilities such as the nearby Hancocks Bridge Fire Department located just off Main Street. The cost of living in Hancocks Bridge is close to the U.S. average with 2 bedroom rent for $1,280 compared to the U.S. average of $1,430 and a grocery cost index of 101 versus 100 nationally. Some local businesses include Higgins Electric, Heyer Logistics LLC., and J&C Automotive Repair; all providing excellent service to the community. In addition to these services there are many recreational activities available including fishing in nearby Mullica River, exploring historic Batsto Village or taking a day trip to Atlantic City. Hancocks Bridge is an ideal place for families looking for a friendly atmosphere with plenty of opportunities to explore nature and have fun!

Hancocks Bridge has an unemployment rate of 8.5%. The US average is 6.0%.

Hancocks Bridge has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.

Tax Rates for Hancocks Bridge
- The Sales Tax Rate for Hancocks Bridge is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hancocks Bridge 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 Hancocks Bridge
- The average income of a Hancocks Bridge resident is $20,386 a year. The US average is $28,555 a year.
- The Median household income of a Hancocks Bridge resident is $60,694 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHancocks Bridge, New JerseyUnited States
  8.56
  -4.6%-6.2%
  16.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $34,835$37,638
  $60,694$69,021
  $93,088$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  23.3%6.8%
  24.7%10.0%
  0.0%2.5%
  0.0%11.0%
  6.0%4.8%
  3.7%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  14.4%7.6%
  0.0%0.1%
  5.6%4.2%
  4.7%9.3%
  10.7%14.0%
  0.0%2.1%
  0.0%7.0%
  1.9%4.8%
  1.9%4.7%
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