08201 Absecon, NJ is a great place to live for both families and young professionals alike. The city's 2 bedroom rent rate is slightly higher than the US average at $1,880 compared to $1,430. This makes it an affordable option for those looking for rental accommodations as they transition into a new home. Grocery costs are also relatively affordable with an index value of 103 versus 100 in the US. As such, everyday items like food are not too expensive. Major employers in the area include Atlantic City Electric Company, New Jersey Transit Commuter Bus Division, South Jersey Transportation Authority, AtlantiCare Regional Medical Center and Stockton University. All these factors make Absecon an ideal place to start a family or begin your career due to its low living costs and strong job market.
Absecon (zip 08201) has an unemployment rate of 11.6%. The US average is 6.0%.
Absecon (zip 08201) 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 Absecon (zip 08201)
- The Sales Tax Rate for Absecon (zip 08201) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Absecon (zip 08201) 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 Absecon (zip 08201)
- The average income of a Absecon (zip 08201) resident is $39,304 a year. The US average is $37,638 a year.
- The Median household income of a Absecon (zip 08201) resident is $60,536 a year. The US average is $69,021 a year.