Longport, NJ is a small coastal town located in southern New Jersey. It offers residents a relaxing beach lifestyle with many outdoor activities. The local economy is mainly supported by businesses such as Provident Bank, Longport Boatworks, and J&J Marine. The cost of living in Longport is higher than the national average due to its desirable location and amenities; for example, 2 bedroom rent in Longport is $2,370 compared to the national rate of $1,430 while grocery costs are 17% above the US average. Despite the higher costs, Longport offers residents an incredible quality of life that makes it well worth it.
Longport has an unemployment rate of 11.6%. The US average is 6.0%.
Longport has seen the job market decrease by -14.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Longport
- The Sales Tax Rate for Longport is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Longport 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 Longport
- The average income of a Longport resident is $98,978 a year. The US average is $37,638 a year.
- The Median household income of a Longport resident is $95,625 a year. The US average is $69,021 a year.