Waretown, NJ is a small town located in Ocean County, New Jersey, and home to around 5,000 people. It's known for its quiet atmosphere and peaceful setting surrounded by nature. Businesses in Waretown include the Metedeconk National Golf Club, Waretown Beach Club, Walmart Supercenter, Walgreens Pharmacy and several other local businesses. The town also offers a variety of restaurants offering American cuisine and seafood favorites. With the cost of living being relatively low compared to other towns in New Jersey, Waretown is an attractive option for those looking for a comfortable place to live without breaking the bank– 2 bedroom rent costs are about $1,820 while it’s $1,430 on average in the US and grocery costs index is 105 versus 100 in the US.
Waretown has an unemployment rate of 7.5%. The US average is 6.0%.
Waretown 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Waretown
- The Sales Tax Rate for Waretown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Waretown 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 Waretown
- The average income of a Waretown resident is $34,760 a year. The US average is $28,555 a year.
- The Median household income of a Waretown resident is $91,577 a year. The US average is $69,021 a year.