Stanhope, NJ is a vibrant city with many housing and employment opportunities. The average two bedroom rent price in Stanhope is $2,060 compared to the US average of $1,430. Additionally, the grocery cost index in Stanhope is 104 versus 100 in the US. This makes living in Stanhope an attractive choice for those looking for great value.
There are also plenty of amenities and resources available for those who decide to call Stanhope home. Popular local companies include Green Brothers Electrical Supply Co Inc., Batteries Plus Bulbs, Krazy Jake's Fireworks, Pine Cone Fence Co., and Halligan's Hardware & Garden Center. With so much to offer, it’s no wonder that Stanhope continues to draw new residents every year.
Stanhope has an unemployment rate of 7.7%. The US average is 6.0%.
Stanhope 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 Stanhope
- The Sales Tax Rate for Stanhope is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Stanhope 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 Stanhope
- The average income of a Stanhope resident is $37,118 a year. The US average is $28,555 a year.
- The Median household income of a Stanhope resident is $101,754 a year. The US average is $69,021 a year.