Southampton, NJ is a popular residential area located in the southwestern region of the state. It offers an affordable cost of living compared to the rest of the US, with two bedroom rent being about $2,040 compared to $1,430 nationwide. Additionally, its grocery cost index is 106 versus 100 in the US. As such, residents have access to more diverse shopping options at lower prices than other cities.
Residents of Southampton have access to local businesses and services such as The Grange restaurant, Philly Pretzel Factory, and Silvercrest Tire & Wheel Center. There is also a wide variety of recreational amenities available including multiple parks offering trails for walking, biking and horseback riding; sports complexes and playgrounds; fishing lakes; dog parks; golf courses; and outdoor movie nights in summer months.
Southampton has an unemployment rate of 6.4%. The US average is 6.0%.
Southampton 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 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Southampton
- The Sales Tax Rate for Southampton is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Southampton 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 Southampton
- The average income of a Southampton resident is $35,699 a year. The US average is $28,555 a year.
- The Median household income of a Southampton resident is $72,844 a year. The US average is $69,021 a year.