Lumberton, NJ is a suburb located in Burlington County. It is known for its close proximity to Philadelphia and its convenient location along major highways such as I-95 and the New Jersey Turnpike. This makes commuting easy for those who work in the city or other nearby towns. The town itself has much to offer residents, with two bedroom rent averaging at $1,650 – slightly higher than the $1,430 US average. Prices for groceries are also more expensive than the national average, with an index of 107 versus 100 in the US. Lumberton is home to many businesses and institutions that add to its vibrant local economy. Notable companies include Burlington Stores Inc., VF Corporation, and Lourdes Health System. Additionally, there are several neighbourhood schools such as Lumberton Township Elementary School, Bob Mayberry Elementary School, and Lumberton Middle School that serve the community’s educational needs.
Lumberton has an unemployment rate of 6.4%. The US average is 6.0%.
Lumberton has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Lumberton
- The Sales Tax Rate for Lumberton is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lumberton 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 Lumberton
- The average income of a Lumberton resident is $38,830 a year. The US average is $28,555 a year.
- The Median household income of a Lumberton resident is $108,924 a year. The US average is $69,021 a year.