Zip 08311 (Cedarville, NJ) Economy


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Cedarville, NJ (08311) is a small town located in Cumberland County known for its diverse family-oriented community. The median 2 bedroom rent in Cedarville is $1,650 while the median 2 bedroom rent in the US is $1,430. In addition to affordable housing, grocery costs are slightly cheaper than the national average index at 102 compared to the 100 in the US. There are many local companies based in Cedarville including Earth Environmental Enterprises Inc., First Bank of New Jersey and Ideal Supply Co. Inc. There are also plenty of attractions within the area such as Lebanon State Forest and Menantico Ponds Wildlife Management Area which are great for nature walks and outdoor activities. Additionally, there are several historical sites like Schooner Amethyst Shipwreck, Jakes Landing Archaeological Site and Seabrook-Wilson House which provide insight into the cultural history of Cedarville.

Cedarville (zip 08311) has an unemployment rate of 9.4%. The US average is 6.0%.

Cedarville (zip 08311) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.

Tax Rates for Cedarville (zip 08311)
- The Sales Tax Rate for Cedarville (zip 08311) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Cedarville (zip 08311) 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 Cedarville (zip 08311)
- The average income of a Cedarville (zip 08311) resident is $25,085 a year. The US average is $28,555 a year.
- The Median household income of a Cedarville (zip 08311) resident is $65,357 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCedarville, New JerseyUnited States
  9.46
  -4.7%-6.2%
  18.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $25,360$37,638
  $65,357$69,021
  $83,281$85,028
  Population by Occupation
  16.0%1.2%
  0.0%0.5%
  5.6%6.8%
  13.0%10.0%
  3.1%2.5%
  1.5%11.0%
  5.7%4.8%
  1.4%0.8%
  0.0%1.9%
  1.1%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  3.0%4.2%
  8.6%9.3%
  24.1%14.0%
  4.2%2.1%
  4.6%7.0%
  5.9%4.8%
  1.5%4.7%
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