Lawrence township (Mercer Cnty), NJ is a city full of life and opportunity. The cost of living is high compared to the national average, with 2 bedroom rent averaging at $2,200 - significantly higher than the nationwide average of $1,430. Grocery Cost Index in Lawrence township is also higher than the US average at 107 versus 100 respectively. Despite the cost of living being higher, there are plenty of reasons to call Lawrence township home. The area boasts many local businesses, such as Lawrenceville Enterprises LLC and Mercer County Brick & Supply Co., Inc., that provide services for local needs. There are also many landmarks throughout the city such as Baldpate Mountain Lookout Tower, which provides panoramic views of the surrounding area. With a vibrant culture and bustling economy, Lawrence township (Mercer Cnty), NJ is an ideal place to call home.
Lawrence township (Mercer County) has an unemployment rate of 5.0%. The US average is 6.0%.
Lawrence township (Mercer County) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Lawrence township (Mercer County)
- The Sales Tax Rate for Lawrence township (Mercer County) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lawrence township (Mercer 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 (Mercer County)
- The average income of a Lawrence township (Mercer County) resident is $50,949 a year. The US average is $37,638 a year.
- The Median household income of a Lawrence township (Mercer County) resident is $114,043 a year. The US average is $69,021 a year.