Montague, NJ is a small town in New Jersey. It is home to a number of local businesses such as the Montague Market, Montague General Store, and Montague Pharmacy. The cost of living in Montague is lower than the US average. On average, rent for a two-bedroom apartment is $1,320 which is $110 less than the US average of $1,430. Additionally, the grocery cost index in Montague is 102 which means it's 2% higher than the national average of 100. This makes it an affordable place to live for those seeking a quiet lifestyle in a beautiful rural environment.
Montague has an unemployment rate of 7.7%. The US average is 6.0%.
Montague has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Montague
- The Sales Tax Rate for Montague is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Montague 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 Montague
- The average income of a Montague resident is $44,328 a year. The US average is $37,638 a year.
- The Median household income of a Montague resident is $90,861 a year. The US average is $69,021 a year.