Barnegat Light, NJ is a small town in Ocean County boasting a population of just under 600 people. The median rent for a 2 bedroom apartment in this town is $1,420, which is lower than the national average of $1,430. Grocery cost index here is 112 compared to 100 nationally. While there are not many large companies based in Barnegat Light, there are several small businesses that contribute to the local economy. These include the Ship Bottom Shellfish Co., Sattelite Cafe & Deli, and Goody's Seafood Market. The town also relies heavily on tourism with its proximity to Long Beach Island bringing guests from all over New Jersey and surrounding states throughout the year. Overall, Barnegat Light provides residents with an affordable cost of living and ample opportunities for recreation.
Barnegat Light (zip 08006) has an unemployment rate of 7.5%. The US average is 6.0%.
Barnegat Light (zip 08006) 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 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Barnegat Light (zip 08006)
- The Sales Tax Rate for Barnegat Light (zip 08006) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Barnegat Light (zip 08006) 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 Barnegat Light (zip 08006)
- The average income of a Barnegat Light (zip 08006) resident is $51,321 a year. The US average is $37,638 a year.
- The Median household income of a Barnegat Light (zip 08006) resident is $85,833 a year. The US average is $69,021 a year.