Sparta, NJ is a charming town located in northwest New Jersey. It is popular among families due to its rural setting – surrounded by miles of rolling hills – as well as its close proximity to major cities such as Newark and New York City. The average two bedroom rent in Sparta is $1,880, which is slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Sparta is 105 versus 100 in the US.
Sparta has several notable businesses that have boosted its economy over the years. These companies include Sparta Imaging LLC., Wortendyke Pharmacy & Medical Supply Co., and Park Financial Management LLC. The town also offers plenty of outdoor activities such as hiking at Allamuchy State Park or skiing at Mountain Creek Resort. In addition to these activities, there are also several shops and restaurants to explore within the town center, making it easy for visitors to find something fun to do during their stay.
Sparta has an unemployment rate of 7.7%. The US average is 6.0%.
Sparta has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Sparta
- The Sales Tax Rate for Sparta is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Sparta 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 Sparta
- The average income of a Sparta resident is $50,988 a year. The US average is $28,555 a year.
- The Median household income of a Sparta resident is $145,000 a year. The US average is $69,021 a year.