Linwood, NJ is a quaint New Jersey town located close to the shoreline. It is home to many small businesses including: Lipton Jewelers, Sand Castle Cafe, Ocean City Travel Agency, and All Seasons Landscaping. The two bedroom rent in Linwood is slightly higher than the US average at $2,340 compared to $1,430. However the grocery cost index in Linwood is slightly lower than average at 105 versus 100 in the US. In short, Linwood has a few higher costs of living but also offers many unique amenities that make it an attractive place for those looking for a quiet New Jersey lifestyle.
Linwood has an unemployment rate of 11.6%. The US average is 6.0%.
Linwood has seen the job market decrease by -14.0% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Linwood
- The Sales Tax Rate for Linwood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Linwood 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 Linwood
- The average income of a Linwood resident is $62,279 a year. The US average is $37,638 a year.
- The Median household income of a Linwood resident is $118,795 a year. The US average is $69,021 a year.