Leonardo, NJ is a town located in Monmouth County that has a population of 3,659 according to the 2010 United States Census. The cost of living in Leonardo is slightly higher than the national average with rent for 2 bedroom apartments costing $1,450 compared to $1,430 nationally. Similarly, the grocery cost index for Leonardo is 105 versus 100 nationally. This town is home to several local companies including Panera Bread, 7-Eleven and Stop & Shop. All these factors combine to create a higher overall cost of living in Leonardo compared to other areas in the US.
Leonardo has an unemployment rate of 6.8%. The US average is 6.0%.
Leonardo has seen the job market decrease by -6.6% 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 Leonardo
- The Sales Tax Rate for Leonardo is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Leonardo 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 Leonardo
- The average income of a Leonardo resident is $45,721 a year. The US average is $37,638 a year.
- The Median household income of a Leonardo resident is $108,929 a year. The US average is $69,021 a year.