Holiday City-Berkeley, NJ Economy


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Holiday City-Berkeley is a small community in New Jersey. It is located near the shore and is a popular destination for people looking to enjoy the outdoors or take part in various recreational activities. The 2 bedroom rent in Holiday City-Berkeley is slightly higher than the national average, at $1,560 compared to $1,430, but residents of the area are still able to find affordable housing here. Additionally, the Grocery Cost Index in Holiday City-Berkeley stands at 101 compared to 100 in the US, meaning that food costs are relatively low here. Local businesses include Red Bank Radiology Associates, Berkeley Educational Services, All Seasons Landscaping & Construction Co., and Drs. Kueneman & Watson Dentistry.

Holiday City-Berkeley has an unemployment rate of 7.5%. The US average is 6.0%.

Holiday City-Berkeley 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 28.0%, which is lower than the US average of 33.5%.

Tax Rates for Holiday City-Berkeley
- The Sales Tax Rate for Holiday City-Berkeley is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Holiday City-Berkeley 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 Holiday City-Berkeley
- The average income of a Holiday City-Berkeley resident is $27,260 a year. The US average is $28,555 a year.
- The Median household income of a Holiday City-Berkeley resident is $42,351 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHoliday City-Berkeley, New JerseyUnited States
  7.56
  -6.6%-6.2%
  28.0%33.5%
  6.6%6.2%
  5.5%4.6%
  $32,116$37,638
  $42,351$69,021
  $52,047$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  8.9%6.8%
  3.7%10.0%
  1.6%2.5%
  11.3%11.0%
  4.4%4.8%
  0.5%0.8%
  0.9%1.9%
  2.6%4.7%
  1.7%1.9%
  7.1%7.6%
  0.0%0.1%
  2.7%4.2%
  10.6%9.3%
  21.3%14.0%
  5.0%2.1%
  8.2%7.0%
  3.4%4.8%
  5.6%4.7%
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