Zip 08502 (Belle Mead, NJ) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Belle Mead, New Jersey (08502) is a small town located in Somerset County. The town offers great access to the outdoors with close proximity to public parks and other outdoor recreational areas. It also has convenient access to larger cities like Princeton and New Brunswick. The median two bedroom rent in Belle Mead is $2,600 which is significantly higher than the national average of $1,430. The grocery cost index in Belle Meadow is 110 compared to the US average of 100. Popular local companies in Belle Mead include Kolesar & Leatham, LLC, Prasada Yoga & Wellness Center, and Elite Wood Flooring & More. With its convenient location and abundant job opportunities, Belle Mead provides an attractive place for families and individuals alike to call home.

Belle Mead (zip 08502) has an unemployment rate of 6.3%. The US average is 6.0%.

Belle Mead (zip 08502) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Belle Mead (zip 08502)
- The Sales Tax Rate for Belle Mead (zip 08502) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Belle Mead (zip 08502) 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 Belle Mead (zip 08502)
- The average income of a Belle Mead (zip 08502) resident is $58,409 a year. The US average is $28,555 a year.
- The Median household income of a Belle Mead (zip 08502) resident is $206,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBelle Mead, New JerseyUnited States
  6.36
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $80,301$37,638
  $206,250$69,021
  $223,302$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  1.8%6.8%
  13.0%10.0%
  2.6%2.5%
  7.0%11.0%
  1.5%4.8%
  0.2%0.8%
  6.8%1.9%
  9.8%4.7%
  2.1%1.9%
  19.1%7.6%
  0.0%0.1%
  2.6%4.2%
  8.7%9.3%
  12.5%14.0%
  1.3%2.1%
  3.0%7.0%
  4.2%4.8%
  2.5%4.7%
Health