Mount Olive, New Jersey is a great place to live for anyone looking for an affordable and convenient lifestyle. Located in Morris County, Mount Olive offers easy access to major highways as well as local attractions like the Schooley’s Mountain Park. Those looking to rent can expect to find two-bedroom apartments for an average of $1,640 per month - slightly higher than the US average of $1,430. Plus, items at the grocery store here tend to be cheaper when compared to other areas with a Grocery Cost Index of 105!
The town also boasts several popular companies that offer employment opportunities. These companies include Dover Chemical Corporation, Eisai Pharmaceuticals Company of America Inc., Herzog Contracting Corporation and Urban Expositions. With all these features combined, it’s no wonder so many people would choose Mount Olive as their home!
Mount Olive has an unemployment rate of 6.6%. The US average is 6.0%.
Mount Olive has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Mount Olive
- The Sales Tax Rate for Mount Olive is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mount Olive 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 Mount Olive
- The average income of a Mount Olive resident is $41,215 a year. The US average is $28,555 a year.
- The Median household income of a Mount Olive resident is $101,699 a year. The US average is $69,021 a year.