Lebanon, NJ (08833) is an area that offers housing and other amenities at a reasonable cost. The average rent for a 2 bedroom unit in the area is $2,230 per month which is much lower than the US average of $1,430 for the same type of unit. Additionally, Lebanon has a grocery cost index of 107 compared to 100 nationally giving residents access to more affordable groceries.
The local economy in Lebanon is largely driven by manufacturing and service industries including Advance Automation Co., Ramapak Inc., AE Tech Corporation, and Lokey Motors. These companies provide employment opportunities to local residents while contributing to the economic growth of the community. There are also many other businesses located in Lebanon such as banks, restaurants, gas stations, and retail stores that contribute to the local economy as well. With its low cost of living and thriving business environment, Lebanon provides an attractive option for those looking to settle down and call it home.
Lebanon (zip 08833) has an unemployment rate of 5.9%. The US average is 6.0%.
Lebanon (zip 08833) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon (zip 08833)
- The Sales Tax Rate for Lebanon (zip 08833) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lebanon (zip 08833) 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 Lebanon (zip 08833)
- The average income of a Lebanon (zip 08833) resident is $72,590 a year. The US average is $28,555 a year.
- The Median household income of a Lebanon (zip 08833) resident is $147,679 a year. The US average is $69,021 a year.