Stratford, NJ is a small town located near Philadelphia. It is known for its affordable cost of living compared to other areas in the United States. The average rent for a two-bedroom apartment in Stratford is $1,250 dollars, while the national average is $1,430. Furthermore, the Grocery Cost Index in Stratford is 103 compared to 100 in the US. Major companies with offices in Stratford include Lockheed Martin and GlaxoSmithKline. With its reasonable housing costs and lower than average grocery prices, there are many incentives for families considering relocating to this area.
Stratford has an unemployment rate of 8.0%. The US average is 6.0%.
Stratford 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 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Stratford
- The Sales Tax Rate for Stratford is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Stratford 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 Stratford
- The average income of a Stratford resident is $30,443 a year. The US average is $28,555 a year.
- The Median household income of a Stratford resident is $81,310 a year. The US average is $69,021 a year.