Panther Valley, NJ is a great place to live. With plenty of job opportunities in the area, residents can easily find lucrative employment. Major employers in the area include The Valley Hospital, Mercedes Benz, and Hoffmann-La Roche. The cost of living in Panther Valley is slightly higher than the national average due to the two metrics used to measure the cost of living: rent and grocery cost index. The current 2 bedroom rent in Panther Valley is $1,630 compared to $1,430 for the nation as a whole. Additionally, the grocery cost index for Panther Valley is 106 compared to 100 for the US overall. Residents enjoy a high quality of life with many amenities within reach despite paying more than most other places in America.
Panther Valley has an unemployment rate of 7.0%. The US average is 6.0%.
Panther Valley has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Panther Valley
- The Sales Tax Rate for Panther Valley is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Panther Valley 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 Panther Valley
- The average income of a Panther Valley resident is $62,854 a year. The US average is $37,638 a year.
- The Median household income of a Panther Valley resident is $114,065 a year. The US average is $69,021 a year.