Ocean Gate, NJ is a small borough in Ocean County NJ. This borough offers many amenities to its residents including local businesses and affordable housing. According to RentCafe, 2 bedroom rents average $1,830 in Ocean Gate, which is lower than the average cost of $1,430 in the US. Additionally, the cost of groceries are higher in this area with an index of 103 versus 100 US-wide.
Some popular local businesses include The Duck tavern offering delicious food and craft beer; SummerTime Bar & Grill serving up classic American favorites; and Old Man Rafferty’s Pub for live music and entertainment. All three businesses have been highly rated on Yelp!
Residents can enjoy living in this small borough that offers affordable housing options and plenty of local business establishments to explore. Sources: Rent Cafe (https://www.rentcafe.com/average-rent-market-trends/us/nj/ocean-gate/) & Yelp (https://www.yelp.com/search?cflt=restaurants&find_loc=Ocean+Gate%2C+NJ)
Ocean Gate has an unemployment rate of 7.5%. The US average is 6.0%.
Ocean Gate 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Ocean Gate
- The Sales Tax Rate for Ocean Gate is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ocean Gate 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 Ocean Gate
- The average income of a Ocean Gate resident is $29,598 a year. The US average is $28,555 a year.
- The Median household income of a Ocean Gate resident is $59,397 a year. The US average is $69,021 a year.