Moorestown, NJ is a great place to live if you are looking for a small town atmosphere but with big city amenities. The population in Moorestown is approximately 20,000 people and the 2 bedroom rent is around $1,630 per month, slightly higher than the US average of $1,430. Prices in local stores may also be a bit higher than other areas due to the Grocery Cost Index being 111 compared to 100 which is the national average.
Moorestown offers high-end shopping at places like Wegmans, Marshalls, and Target. There are many local businesses as well including ModCup Coffee Roasters for a fresh cup of coffee and Sweet Charlie’s Ice Cream Shoppe for a cold treat. Popular attractions near Moorestown include the Garden State Discovery Museum for families with children and historical sites such as Red Bank Battlefield Park and Revolutionary War Burial Ground.
Moorestown has an unemployment rate of 6.4%. The US average is 6.0%.
Moorestown 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 Moorestown
- The Sales Tax Rate for Moorestown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Moorestown 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 Moorestown
- The average income of a Moorestown resident is $64,037 a year. The US average is $28,555 a year.
- The Median household income of a Moorestown resident is $149,500 a year. The US average is $69,021 a year.