Ocean, NJ County is an excellent place to live for many reasons. Not only does Ocean County have plenty of job opportunities in various industries such as healthcare, manufacturing, retail and tourism, but the cost of living is also relatively low compared with the rest of the United States. For example, 2-bedroom rent in Ocean County averages $1,600 per month whereas the national average is $1,430. Further, the grocery cost index is 105 versus 100 across the United States. This makes Ocean a great choice for those looking for a more affordable place to live while still having access to plenty of work opportunities and amenities. Furthermore, some notable companies in Ocean County include NJM Insurance Group, Community Medical Center and Barnabas Health System. With so much to offer residents including affordability and plentiful employment options, Ocean County is an attractive destination for those looking for a new home.
Ocean County has an unemployment rate of 7.5%. The US average is 6.0%.
Ocean County has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Ocean County
- The Sales Tax Rate for Ocean County is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Ocean 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 Ocean County
- The average income of a Ocean County resident is $30,951 a year. The US average is $28,555 a year.
- The Median household income of a Ocean County resident is $76,644 a year. The US average is $69,021 a year.