07751 Morganville, NJ is a great place to live for anyone looking for an affordable rent and lower costs of living. The 2 Bedroom Rent in Morganville is about $2,350 whereas the US average is around $1,430. Additionally, the Grocery Cost Index in 07751 Morganville, NJ is 108 which is 8 points higher than the US average of 100. This makes it more affordable to stock up on groceries in this area! There are plenty of local companies in Morganville such as Sienna Insurance Agency Inc., Evergreen Landscaping & Tree Service, and Monmouth County Gymnastics Academy Inc. to name a few.
Morganville (zip 07751) has an unemployment rate of 5.4%. The US average is 6.0%.
Morganville (zip 07751) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Morganville (zip 07751)
- The Sales Tax Rate for Morganville (zip 07751) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Morganville (zip 07751) 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 Morganville (zip 07751)
- The average income of a Morganville (zip 07751) resident is $68,250 a year. The US average is $37,638 a year.
- The Median household income of a Morganville (zip 07751) resident is $154,453 a year. The US average is $69,021 a year.