Kingwood, NJ is a small town situated in Hunterdon County. It has a population of just over 5,000 people and is known for its beautiful countryside views. The average two bedroom rent in Kingwood is $1,750 which is significantly higher than the national average of $1,430. Additionally, the grocery cost index for Kingwood is 106 versus 100 nationally meaning food costs are slightly higher than the US average. There are a number of local companies in Kingwood that offer goods and services to residents. Notable businesses include Chagale Logistics, Country Carpet Care & Restoration, and Malek Cleaning Services.
Kingwood has an unemployment rate of 5.9%. The US average is 6.0%.
Kingwood has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Kingwood
- The Sales Tax Rate for Kingwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Kingwood 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 Kingwood
- The average income of a Kingwood resident is $59,524 a year. The US average is $37,638 a year.
- The Median household income of a Kingwood resident is $128,611 a year. The US average is $69,021 a year.