Hackettstown, NJ Economy


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Hackettstown, NJ is a great place to live. It has plenty of businesses and services that make life easier for locals. Major companies in the area include Centenary University, Mars Chocolate North America, United Precast Corp., and Matrix Solutions Inc. Rent for a two bedroom apartment is slightly higher than the US average at $1,610 per month compared to $1,430. Grocery costs are also slightly higher with Hackettstown’s grocery cost index rated 106 versus 100 in the US. All in all Hackettstown is still an affordable place to live with plenty of opportunities for work and entertainment.

Hackettstown has an unemployment rate of 7.0%. The US average is 6.0%.

Hackettstown has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Hackettstown
- The Sales Tax Rate for Hackettstown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hackettstown 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 Hackettstown
- The average income of a Hackettstown resident is $30,348 a year. The US average is $28,555 a year.
- The Median household income of a Hackettstown resident is $79,621 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHackettstown, New JerseyUnited States
  76
  -6.0%-6.2%
  24.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $36,802$37,638
  $79,621$69,021
  $105,043$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.1%6.8%
  9.5%10.0%
  3.7%2.5%
  10.7%11.0%
  2.6%4.8%
  1.0%0.8%
  2.0%1.9%
  6.8%4.7%
  2.2%1.9%
  6.4%7.6%
  0.1%0.1%
  3.9%4.2%
  11.0%9.3%
  12.0%14.0%
  1.0%2.1%
  7.4%7.0%
  5.7%4.8%
  5.8%4.7%
Reviews for Hackettstown
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Over 13 years ago

Lovely little town with active college life at Cententary College. New theater at the college offers many choices culturally. Town could use a little improvement;  More

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Over 16 years ago

I can't afford and don't choose to live near the congested area in North Eastern New Jersey where I work. It is a great place to come home to each night after a hard  More

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Over 18 years ago

First the good about New Jersey, the "Garden State" of our nation. NJ is a great state for employment opportunities, top-notch medical care is available in both NJ and  More

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