Kingwood, NJ Economy


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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.

Income by Population Percent

  EconomyKingwood, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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