Brick Township, NJ (08724) is a city located in the state of New Jersey. The 2 Bedroom rent average for this area is $1,740 according to recent reports. This rate is $310 higher than the national average of $1,430. Additionally, Brick Township has a Grocery Cost Index (GCI) of 104, which is 4 points higher than the US’s 100 GCI rating.
In Brick Township there are several local companies that have contributed to the economy and high living costs such as Ocean Medical Center and Bay Area Transport Services Inc. Ocean Medical Center is a comprehensive medical care provider offering services such as Primary Care, Orthopedics, Cardiology and more; while Bay Area Transportation Services provides professional Logistics & Transportation Services across North America. These two major businesses have been instrumental in improving quality of life and consequently raising rental prices for 2 Bedroom apartment units compared to other areas in the US with comparable population.
Brick (zip 08724) has an unemployment rate of 7.4%. The US average is 6.0%.
Brick (zip 08724) 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 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Brick (zip 08724)
- The Sales Tax Rate for Brick (zip 08724) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Brick (zip 08724) 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 Brick (zip 08724)
- The average income of a Brick (zip 08724) resident is $43,354 a year. The US average is $37,638 a year.
- The Median household income of a Brick (zip 08724) resident is $81,793 a year. The US average is $69,021 a year.