Smithville, NJ is a great place to live. It is a lovely town with plenty of attractions and amenities. Residents enjoy the small-town charm that Smithville offers. With its close proximity to New York City and other major cities, there are many employment opportunities available in the area. The cost of living is also relatively affordable compared to many other cities of similar size, with two bedroom rentals priced at $1,690 in Smithville and $1,430 in the US on average. Additionally, local grocery costs are only slightly higher than the national average index of 103 versus 100 in the US.
Smithville has a thriving business community with local companies such as Smithville Bagels & Deli, Smithville Homestead Bakery & Cafe, and Sticks & Stones Wood Fired Pizza being some of the most popular businesses in town. These businesses provide residents with quality food and services while bolstering the economy by providing employment opportunities for locals. Furthermore, Smithville is located close to several beaches making it an ideal spot for people who want to take advantage of outdoor activities such as swimming or fishing during their leisure time. All these factors make Smithville a perfect destination for those looking for an ideal place to settle down and call home.
Smithville has an unemployment rate of 11.6%. The US average is 6.0%.
Smithville has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Smithville
- The Sales Tax Rate for Smithville is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Smithville 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 Smithville
- The average income of a Smithville resident is $29,174 a year. The US average is $28,555 a year.
- The Median household income of a Smithville resident is $63,958 a year. The US average is $69,021 a year.