Hammonton, New Jersey (08037) is an ideal place for those looking for a comfortable living space. With a 2 bedroom rent of $1,520, it's slightly more expensive than the US average of $1,430. This difference can be attributed to the city's low unemployment rate and strong economy – Hammonton is home to many local businesses such as Nucor Steel, Hatfield Quality Meats, and Frontier Communications. In addition, with its Grocery Cost Index of 103 versus 100 in the US, Hammonton proves to be an affordable place to live. If you're in the market for a new home or want a change of scenery, Hammonton is an excellent option.
Hammonton (zip 08037) has an unemployment rate of 11.6%. The US average is 6.0%.
Hammonton (zip 08037) 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 Hammonton (zip 08037)
- The Sales Tax Rate for Hammonton (zip 08037) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hammonton (zip 08037) 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 Hammonton (zip 08037)
- The average income of a Hammonton (zip 08037) resident is $38,885 a year. The US average is $37,638 a year.
- The Median household income of a Hammonton (zip 08037) resident is $76,977 a year. The US average is $69,021 a year.