Wanamassa, NJ is an attractive town situated in Monmouth County. It has a variety of local businesses that include shops, restaurants, and entertainment venues. The cost of living in Wanamassa is slightly higher than the US average due to higher rental costs. Renting a two-bedroom apartment in Wanamassa will cost around $1,670 compared to the national average of $1,430. In addition, groceries and other items are more expensive as the Grocery Cost Index for Wanamassa is 106 compared to 100 in the US. Therefore, those planning to move into Wanamassa should budget accordingly when making their move.
Wanamassa has an unemployment rate of 6.8%. The US average is 6.0%.
Wanamassa has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Wanamassa
- The Sales Tax Rate for Wanamassa is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Wanamassa 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 Wanamassa
- The average income of a Wanamassa resident is $40,593 a year. The US average is $28,555 a year.
- The Median household income of a Wanamassa resident is $134,292 a year. The US average is $69,021 a year.