Barnegat, New Jersey (08005) is a beautiful area with lots to offer. Located along the coast line of the Atlantic Ocean, the town offers plenty of beach activities and waterfront views. It's also home to many local businesses like Barnegat Bay Marina, Fisherman's Headquarters Tackle Shop & Boat Rentals, and Shore On-Site Property Management. While living in Barnegat comes with a higher cost of living than the nation’s average, it also has some great advantages. The rental price for a two bedroom apartment is $1,810 compared to the US average of $1,430. Additionally, grocery cost index in Barnegat is 104 compared to 100 on average throughout the US. Therefore, while living in Barnegat may be more expensive than other areas around the country, it can still be an affordable option for those who take advantage of its many amenities and attractions.
Barnegat (zip 08005) has an unemployment rate of 7.5%. The US average is 6.0%.
Barnegat (zip 08005) 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 (zip 08005)
- The Sales Tax Rate for Barnegat (zip 08005) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Barnegat (zip 08005) 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 (zip 08005)
- The average income of a Barnegat (zip 08005) resident is $40,533 a year. The US average is $37,638 a year.
- The Median household income of a Barnegat (zip 08005) resident is $83,232 a year. The US average is $69,021 a year.