Millington, NJ (07946) is an affluent borough located in Somerset County. The average two bedroom rent in Millington is $2,390, which is significantly more than the national average of $1,430. The Grocery Cost Index (GCI) for this area is also higher than the US GCI with a value of 109 compared to 100. Despite the higher living costs, many people work and live in Millington because it offers diverse job opportunities at well-known companies such as Verizon Communications Inc., AVEVA Inc., and Cytec Industries Inc. Residents of Millington can also enjoy a variety of recreational activities at nearby parks or trails and benefit from access to excellent medical facilities.
Millington (zip 07946) has an unemployment rate of 6.2%. The US average is 6.0%.
Millington (zip 07946) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Millington (zip 07946)
- The Sales Tax Rate for Millington (zip 07946) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Millington (zip 07946) 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 Millington (zip 07946)
- The average income of a Millington (zip 07946) resident is $79,383 a year. The US average is $37,638 a year.
- The Median household income of a Millington (zip 07946) resident is $198,000 a year. The US average is $69,021 a year.