Zip 08051 (Mantua, NJ) Economy


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Mantua, New Jersey (08051) is an amazing area to live in. It has a relatively low 2 Bedroom Rent of $1,830 compared to the US average at $1,430. This makes it a great option for anyone looking for affordable housing in the area. Not only does it have low costs for rent, but its Grocery Cost Index is 103 versus 100 in the US, meaning groceries are also cheaper than most other places. The area is home to several different businesses and companies such as Valley National Bank, Verizon Wireless Mantua Town Center and Star Market Grocery Store that all offer great deals on products and services. Valley National Bank offers competitive interest rates on mortgages and other financial services while Verizon Wireless Mantua Town Center provides customers with top quality cell phone service plans at reasonable prices. Lastly Star Market Grocery Store offers a wide selection of items at discounted prices that keeps people coming back again and again.

Mantua (zip 08051) has an unemployment rate of 7.3%. The US average is 6.0%.

Mantua (zip 08051) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Mantua (zip 08051)
- The Sales Tax Rate for Mantua (zip 08051) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mantua (zip 08051) 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 Mantua (zip 08051)
- The average income of a Mantua (zip 08051) resident is $45,004 a year. The US average is $37,638 a year.
- The Median household income of a Mantua (zip 08051) resident is $91,766 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMantua, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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