Matawan, NJ (07747) is an ideal place to live for those who are looking for a combination of convenience and affordability. The two bedroom rent in the area is $1,810 which is significantly cheaper than the US average of $1,430. When it comes to grocery costs, the index in Matawan is 106 compared to 100 nationally. This means that the cost of food in Matawan is just slightly higher than the national average. There are plenty of local companies in Matawan such as ShopRite and Quality Foods that offer a wide selection of groceries at competitive prices. With its reasonable rent prices and slightly higher than average grocery costs, Matawan offers residents an affordable lifestyle with plenty of amenities nearby.
Matawan (zip 07747) has an unemployment rate of 6.8%. The US average is 6.0%.
Matawan (zip 07747) 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Matawan (zip 07747)
- The Sales Tax Rate for Matawan (zip 07747) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Matawan (zip 07747) 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 Matawan (zip 07747)
- The average income of a Matawan (zip 07747) resident is $41,931 a year. The US average is $28,555 a year.
- The Median household income of a Matawan (zip 07747) resident is $115,272 a year. The US average is $69,021 a year.