Millstone Township, New Jersey (08510) is a small suburban town with a population of approximately 10,000 people. With its close proximity to major cities like New York and Philadelphia, it is an attractive option for many looking for affordable living outside of the city without compromising on convenience. The 2 bedroom rent in Millstone Township is $2,220 compared to the US average of $1,430. Grocery costs are also higher than the US average as evidenced by its Grocery Cost Index 108 versus 100 in the US. Millstone Township has many local companies such as Coast-to-Coast Construction Services LLC and Miller’s Garage Door Co., both offering services to residents in the area. The cost of living in Millstone Township is higher than most other areas due to its location near larger cities and local businesses being more expensive than national chains.
Millstone Township (zip 08510) has an unemployment rate of 6.8%. The US average is 6.0%.
Millstone Township (zip 08510) 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 Millstone Township (zip 08510)
- The Sales Tax Rate for Millstone Township (zip 08510) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Millstone Township (zip 08510) 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 Millstone Township (zip 08510)
- The average income of a Millstone Township (zip 08510) resident is $46,870 a year. The US average is $28,555 a year.
- The Median household income of a Millstone Township (zip 08510) resident is $176,349 a year. The US average is $69,021 a year.