Economy in Zip 08340 (Milmay, NJ)

08340 Milmay, NJ is a small town in Atlantic County. The 2 bedroom rent averages at $1,810 which is slightly higher than the US average of $1,430. Grocery cost index in Milmay is 104 compared to the US average of 100.
Milmay offers a variety of activities and attractions for its residents and visitors alike. Local recreational spots include Nantuxent Wildlife Management Area, Matthews Park and White Horse Park. Businesses located in Milmay include Sandi’s Pizza & Subs, Eagle Tavern and Inn, Vince’s Auto Repair and Donut Plus Bakery & Cafe. For those looking to explore the area further there are additional places nearby such as Corbin City Historical Society Museum, Hawk Haven Vineyard & Winery and Atlantic County Parks System - Batsto River Area.

Milmay (zip 08340) has an unemployment rate of 11.6%. The US average is 6.0%.

Milmay (zip 08340) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.

Tax Rates for Milmay (zip 08340)
- The Sales Tax Rate for Milmay (zip 08340) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Milmay (zip 08340) 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 Milmay (zip 08340)
- The average income of a Milmay (zip 08340) resident is $37,442 a year. The US average is $28,555 a year.
- The Median household income of a Milmay (zip 08340) resident is $69,773 a year. The US average is $69,021 a year.