Olivet, NJ is a small city located in New Jersey. It is known for its friendly community and laidback atmosphere. The 2 bedroom rent in Olivet is $1,390 which is slightly lower than the US average of $1,430 making it an affordable place to live. The grocery cost index in Olivet stands at 103 compared to the 100 in the US, demonstrating a higher cost of groceries here. Local companies include olive-based Olive-Harvest LLC., logistics company USA Logistics Solutions Inc., and software development company Cybercom Corporation. All in all, Olivet offers a great quality of life with its close knit town feel and relatively low cost of living compared to similar cities across the US.
Olivet has an unemployment rate of 8.5%. The US average is 6.0%.
Olivet has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.
Tax Rates for Olivet
- The Sales Tax Rate for Olivet is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Olivet 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 Olivet
- The average income of a Olivet resident is $40,736 a year. The US average is $37,638 a year.
- The Median household income of a Olivet resident is $110,665 a year. The US average is $69,021 a year.