Dorchester, NJ 08316 is a small community located in the southern end of New Jersey. The average two bedroom rent in Dorchester is $1,440, which is slightly higher than the US average of $1,430. In addition, the cost of groceries is indexed at 101 compared to the national average of 100. There are many local companies that call Dorchester home such as GAF Materials Corporation, Grand Slam USA, and Health Care Logistics Inc., to name a few. These businesses provide an economic boost to the area and create job opportunities for locals.
Dorchester (zip 08316) has an unemployment rate of 9.4%. The US average is 6.0%.
Dorchester (zip 08316) 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 Dorchester (zip 08316)
- The Sales Tax Rate for Dorchester (zip 08316) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Dorchester (zip 08316) 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 Dorchester (zip 08316)
- The average income of a Dorchester (zip 08316) resident is $23,876 a year. The US average is $28,555 a year.
- The Median household income of a Dorchester (zip 08316) resident is $21,914 a year. The US average is $69,021 a year.