Beckett, NJ Economy


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Beckett, NJ is an attractive suburb located close to major cities in the region. It is a great option for those looking for a quieter community while still being in close proximity to job opportunities, shopping centers, and cultural attractions. The two-bedroom rental price of $2,100 is significantly higher than the national average of $1,430, making Beckett slightly more expensive than other areas in the area. However, with plenty of local companies such as ABC Motors, Beckett Supermarket, and Lucky Cafe residents are sure to find plenty of options for employment. Additionally, the Grocery Cost Index of 106 versus 100 nationally makes access to food a bit more expensive than most areas but not prohibitively so. All in all Beckett is a great place to call home due to its reasonable cost of living and distance from major metropolitan centers.

Beckett has an unemployment rate of 7.3%. The US average is 6.0%.

Beckett 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 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Beckett
- The Sales Tax Rate for Beckett is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Beckett 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 Beckett
- The average income of a Beckett resident is $38,500 a year. The US average is $28,555 a year.
- The Median household income of a Beckett resident is $118,210 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBeckett, New JerseyUnited States
  7.36
  -5.9%-6.2%
  29.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $46,442$37,638
  $118,210$69,021
  $141,098$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  3.8%6.8%
  10.2%10.0%
  2.7%2.5%
  17.2%11.0%
  3.2%4.8%
  1.7%0.8%
  1.1%1.9%
  4.7%4.7%
  0.0%1.9%
  8.8%7.6%
  0.0%0.1%
  2.6%4.2%
  14.4%9.3%
  14.5%14.0%
  0.9%2.1%
  6.2%7.0%
  3.6%4.8%
  3.8%4.7%
Health
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