Laurel Springs, NJ is a small town in Southern New Jersey that offers affordable living options for individuals and families. The average two bedroom rent in Laurel Springs, NJ is $1,540 which is slightly more expensive than the US average rent of $1,430. Additionally, the grocery cost index in Laurel Springs is 101 versus 100 in the US which suggests that groceries are slightly more expensive in Laurel Springs. There are several local companies located within the town of Laurel Springs such as Lumberton Pediatrics, Stokes Performance Solutions, Cartwright and Daughters Real Estate and A+ Healthcare Staffing. Overall, Laurel Springs has a reasonable cost of living compared to other parts of New Jersey.
Laurel Springs has an unemployment rate of 8.0%. The US average is 6.0%.
Laurel Springs has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Laurel Springs
- The Sales Tax Rate for Laurel Springs is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Laurel Springs 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 Laurel Springs
- The average income of a Laurel Springs resident is $36,710 a year. The US average is $37,638 a year.
- The Median household income of a Laurel Springs resident is $98,750 a year. The US average is $69,021 a year.