8720 Allenwood, NJ is an ideal place to call home. The average 2 bedroom rent in the area is $1,550 which is slightly higher than the US average of $1,430. Groceries are also slightly more expensive with a cost index of 108 compared to the national average of 100. There are plenty of local businesses for residents to enjoy and support including Home Depot, Target, Lowes, Walmart and Super Fresh Grocery Store. For those looking for something more unique there is also the Allentown Market & Cafe offering a selection of locally sourced food and drink.
Allenwood (zip 08720) has an unemployment rate of 6.4%. The US average is 6.0%.
Allenwood (zip 08720) 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 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Allenwood (zip 08720)
- The Sales Tax Rate for Allenwood (zip 08720) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Allenwood (zip 08720) 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 Allenwood (zip 08720)
- The average income of a Allenwood (zip 08720) resident is $48,093 a year. The US average is $37,638 a year.
- The Median household income of a Allenwood (zip 08720) resident is $126,375 a year. The US average is $69,021 a year.