Villas, NJ Economy


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Villas, NJ is an attractive area located near the beach and offering its residents plenty of amenities. It offers a variety of two bedroom rental options at $1,670, which is slightly higher than the US average of $1,430. Additionally, the grocery cost index in Villas is 103 versus 100 in the US. This indicates that groceries may be slightly more expensive than average in this area. For those looking to explore their surroundings, local attractions include the Wildwood Boardwalk and Cape May Beach. Local companies such as JKL Electronics, Atlantic City Seafood, and Petco also provide residents with employment opportunities.

Villas has an unemployment rate of 12.5%. The US average is 6.0%.

Villas has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.

Tax Rates for Villas
- The Sales Tax Rate for Villas is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Villas 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 Villas
- The average income of a Villas resident is $33,042 a year. The US average is $37,638 a year.
- The Median household income of a Villas resident is $63,157 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVillas, New JerseyUnited States
  12.56
  -8.5%-6.2%
  19.1%33.5%
  6.6%6.2%
  5.5%4.6%
  $33,042$37,638
  $63,157$69,021
  $68,750$85,028
  Population by Occupation
  1.3%1.2%
  0.0%0.5%
  12.0%6.8%
  5.9%10.0%
  1.5%2.5%
  13.6%11.0%
  1.8%4.8%
  0.7%0.8%
  0.8%1.9%
  3.3%4.7%
  3.8%1.9%
  3.3%7.6%
  0.0%0.1%
  3.3%4.2%
  8.0%9.3%
  15.5%14.0%
  3.5%2.1%
  12.0%7.0%
  4.0%4.8%
  5.6%4.7%
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