Matawan, NJ is a desirable location for those seeking an affordable rent. The 2 bed room rent in Matawan is only $1,840 compared to the US rate of $1,430. Additionally, the grocery cost index of Matawan is 106 versus 100 in the US. This makes Matawan an attractive option for people looking to save on living expenses. \nThe town of Matawan provides something for everyone. It has many local businesses to choose from such as Glo Bowl Lanes for entertainment, Columbia Bank for banking services and Macri's Italian Bakery for delicious baked goods. For education, there are excellent options such as the Matawan-Aberdeen Regional School District and Brookdale Community College - Monmouth Campus. \nMatawan offers plenty of outdoor activities with its close proximity to the Manasquan Reservoir and numerous parks including Dorbrook Recreation Area and Cheesequake State Park. It also boasts great shopping centers like Cliffwood Shopping Center and Woodbridge Shopping Center with numerous stores that appeal to all ages. On top of that there are several restaurants ranging from family diners to exotic cuisine like Tango Grill offering Argentinian delights. All these amenities make Matawan a desirable place to live or visit!
Matawan has an unemployment rate of 6.8%. The US average is 6.0%.
Matawan has seen the job market decrease by -0.2% 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 Matawan
- The Sales Tax Rate for Matawan is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Matawan 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 Matawan
- The average income of a Matawan resident is $41,945 a year. The US average is $28,555 a year.
- The Median household income of a Matawan resident is $115,035 a year. The US average is $69,021 a year.