Marksboro, NJ is an excellent place to live due to its affordable rental prices and relatively low cost of living. Although the population is not included in this data, it can be assumed there are a variety of local businesses from which to choose as many towns are booming in the Garden State. The 2 bedroom rent in Marksboro is $1,760, which is significantly less than the national average of $1,430. Furthermore, the Grocery Cost Index in Marksboro is 107 versus 100 in the US. This means groceries are slightly more expensive in Marksboro, but still much lower than many other places around the country. Popular local companies include Bankside Coffee Roasters, The Hungry Fox Eatery & Pub and Bent Wheel Farm Brewery. Overall, Marksboro is a great place to live with its lower rental prices and cost of living index making it an attractive option for people looking for a place to call home.
Marksboro has an unemployment rate of 7.0%. The US average is 6.0%.
Marksboro has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Marksboro
- The Sales Tax Rate for Marksboro is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Marksboro 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 Marksboro
- The average income of a Marksboro resident is $31,175 a year. The US average is $28,555 a year.
- The Median household income of a Marksboro resident is $59,531 a year. The US average is $69,021 a year.