Hardwick, NJ Economy


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Hardwick, NJ is a small town located in the northern part of the state. Despite its small size, it still has plenty to offer residents and visitors alike. The median 2 bedroom rent in Hardwick is $1,760, which is slightly higher than the US median of $1,430. Additionally, the grocery cost index in Hardwick is 107 as compared to the US average of 100. The economy of Hardwick is bolstered by several local companies such as Realty Executives Harrington Properties, Storm’s Auto Repair, and Ledgewood Florist & Garden Center.

Hardwick has an unemployment rate of 7.0%. The US average is 6.0%.

Hardwick 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 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Hardwick
- The Sales Tax Rate for Hardwick is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hardwick 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 Hardwick
- The average income of a Hardwick resident is $38,895 a year. The US average is $28,555 a year.
- The Median household income of a Hardwick resident is $102,454 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHardwick, New JerseyUnited States
  76
  -6.0%-6.2%
  24.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $43,847$37,638
  $102,454$69,021
  $118,750$85,028
  Population by Occupation
  3.4%1.2%
  0.3%0.5%
  9.4%6.8%
  4.8%10.0%
  1.2%2.5%
  8.9%11.0%
  3.9%4.8%
  0.4%0.8%
  5.2%1.9%
  3.8%4.7%
  3.0%1.9%
  7.0%7.6%
  0.0%0.1%
  2.4%4.2%
  7.3%9.3%
  9.5%14.0%
  3.2%2.1%
  12.4%7.0%
  7.7%4.8%
  6.3%4.7%
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