Pitman, NJ Economy


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Pitman, NJ is a thriving small town located in Gloucester County. It has a number of local businesses such as the Pitman Grocery Store, Pitman Theatre Company, and Pitman Boardwalk Cafe. The cost of living in Pitman is slightly higher than the US average, with 2 bedroom rent being $1,530 compared to $1,430 nationally. However, the grocery cost index is 103 versus 100 in the US making it an affordable place to shop. Additionally, there are plenty of recreational activities for residents such as visiting parks or attending cultural events at the theatre. As a result of its affordability and plethora of activities, Pitman is truly an ideal place to live.

Pitman has an unemployment rate of 7.3%. The US average is 6.0%.

Pitman 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 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Pitman
- The Sales Tax Rate for Pitman is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Pitman 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 Pitman
- The average income of a Pitman resident is $32,458 a year. The US average is $28,555 a year.
- The Median household income of a Pitman resident is $84,303 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPitman, New JerseyUnited States
  7.36
  -5.9%-6.2%
  29.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $40,323$37,638
  $84,303$69,021
  $108,314$85,028
  Population by Occupation
  0.3%1.2%
  0.2%0.5%
  6.6%6.8%
  7.9%10.0%
  3.5%2.5%
  10.0%11.0%
  3.8%4.8%
  0.9%0.8%
  1.3%1.9%
  5.8%4.7%
  2.2%1.9%
  6.5%7.6%
  0.0%0.1%
  3.4%4.2%
  14.9%9.3%
  19.1%14.0%
  3.0%2.1%
  3.1%7.0%
  3.9%4.8%
  3.6%4.7%
Reviews for Pitman
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I grew up in the town next door & spent the majority of my youth he here. IMHO Pitman is small town America at its finest. “Uptown” could put any “Main St” to shame. It  More

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Over 16 years ago

A very small town that has a reasonable cost of  More

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