Lawrence township (Cumberland County), NJ Economy


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Lawrence Township (Cumberland County), New Jersey, is a vibrant and growing community located just outside of Vineland city. The township offers a diverse array of amenities, including retail shops, restaurants, parks, and recreational facilities. With an affordable 2 bedroom rent rate of $1,600 per month compared to the U.S average of $1,430 per month and a Grocery Cost Index that is higher than the national average, Lawrence township has become a popular place to live for families and young professionals alike. Local companies such as S & H Farm Supply and Garden Center have made their home in Lawrence Township as well as spots like the Cumberland Trail Golf Course and Historic Cold Spring Village. These wonderful attractions make living in Lawrence Township an attractive option with many advantages!

Lawrence township (Cumberland County) has an unemployment rate of 9.4%. The US average is 6.0%.

Lawrence township (Cumberland County) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.

Tax Rates for Lawrence township (Cumberland County)
- The Sales Tax Rate for Lawrence township (Cumberland County) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lawrence township (Cumberland County) 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 Lawrence township (Cumberland County)
- The average income of a Lawrence township (Cumberland County) resident is $27,560 a year. The US average is $28,555 a year.
- The Median household income of a Lawrence township (Cumberland County) resident is $78,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLawrence township (Cumberland County), New JerseyUnited States
  9.46
  -4.7%-6.2%
  18.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $31,618$37,638
  $78,750$69,021
  $100,208$85,028
  Population by Occupation
  7.4%1.2%
  0.0%0.5%
  6.4%6.8%
  9.0%10.0%
  4.2%2.5%
  5.5%11.0%
  4.9%4.8%
  3.1%0.8%
  0.7%1.9%
  1.1%4.7%
  2.3%1.9%
  2.7%7.6%
  0.0%0.1%
  2.3%4.2%
  8.6%9.3%
  21.3%14.0%
  3.3%2.1%
  3.5%7.0%
  4.2%4.8%
  9.4%4.7%
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