Lake Telemark, NJ is a small town located in Morris County with a population of around 8,000. It is known for its beautiful lakefront and scenic views. Its close proximity to New York City makes it a great spot for commuters and renters alike. The two bedroom rent in Lake Telemark is $1,850 which is higher than the US two bedroom rent of $1,430. Additionally, there is a grocery cost index of 105 versus 100 in the US.
Local companies such as Hermann Real Estate Group and R West Realty Group can help renters find a place to stay or purchase property in Lake Telemark. For those looking to purchase groceries or get information on prices, Lake Telemark Grocery Store, Goodwill Market, and ShopRite are all great local options.
Lake Telemark has an unemployment rate of 6.2%. The US average is 6.0%.
Lake Telemark has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake Telemark
- The Sales Tax Rate for Lake Telemark is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lake Telemark 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 Lake Telemark
- The average income of a Lake Telemark resident is $39,635 a year. The US average is $28,555 a year.
- The Median household income of a Lake Telemark resident is $157,639 a year. The US average is $69,021 a year.