Located in Howell, NJ 07731, the cost of living is slightly higher than the US average. According to current data, 2 bedroom rents are around $1,670 compared to the national average of $1430. Grocery costs have an index of 105 compared to 100 in the US.
Well-known local companies in Howell, NJ 07731 include Jersey Central Power and Light Company (JCP&L), Geico Insurance, and Urban Air Adventure Park. JCP&L provides electricity services for over 1.1 million customers throughout New Jersey while Geico offers automobile insurance options for drivers across the state. Lastly, Urban Air Adventure Park provides fun activities such as trampoline courts and climbing walls for visitors of all ages.
Howell (zip 07731) has an unemployment rate of 7.1%. The US average is 6.0%.
Howell (zip 07731) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Howell (zip 07731)
- The Sales Tax Rate for Howell (zip 07731) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Howell (zip 07731) 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 Howell (zip 07731)
- The average income of a Howell (zip 07731) resident is $36,018 a year. The US average is $28,555 a year.
- The Median household income of a Howell (zip 07731) resident is $122,239 a year. The US average is $69,021 a year.