Hazlet, NJ Economy


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Hazlet, NJ is a great place to live! With a relatively low two bedroom rent of just $1,300 compared to the US average of $1,430 it's an affordable option for those looking for a cozy home. The cost of living in Hazlet is also quite reasonable when compared to the U.S., with a grocery cost index of 105 versus 100 across the country. The town has multiple businesses and companies such as Jersey Mike's Subs, Walmart Supercenter, and Chase Bank that serve its residents. Additionally, there are many wonderful schools available for students within the area including Hazlet Township Public School District and Raritan Valley Community College.

Hazlet has an unemployment rate of 6.8%. The US average is 6.0%.

Hazlet has seen the job market decrease by -0.2% 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 Hazlet
- The Sales Tax Rate for Hazlet is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hazlet 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 Hazlet
- The average income of a Hazlet resident is $35,949 a year. The US average is $28,555 a year.
- The Median household income of a Hazlet resident is $108,994 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHazlet, New JerseyUnited States
  6.86
  -6.6%-6.2%
  26.8%33.5%
  6.6%6.2%
  5.5%4.6%
  $46,136$37,638
  $108,994$69,021
  $131,715$85,028
  Population by Occupation
  0.0%1.2%
  0.2%0.5%
  6.2%6.8%
  5.9%10.0%
  1.5%2.5%
  10.3%11.0%
  6.8%4.8%
  1.4%0.8%
  3.9%1.9%
  8.6%4.7%
  3.3%1.9%
  6.3%7.6%
  0.0%0.1%
  3.0%4.2%
  13.6%9.3%
  12.6%14.0%
  1.1%2.1%
  5.6%7.0%
  2.9%4.8%
  6.9%4.7%
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