Mount Ephraim, New Jersey (08059) is an area known for its affordability and convenient access to the Greater Philadelphia region. The average rent for a two-bedroom apartment in the 08059 zip code is $1,290 per month, which is slightly lower than the national average of $1,430. The local Grocery Cost Index in Mount Ephraim is 102 compared to the United States’ 100. This makes it an affordable place to live even if rent may be higher in other parts of New Jersey.
In addition to being an affordable place to live, Mount Ephraim is home to many well-known companies such as NJM Insurance Group and Keystone Fire Protection Co. These are just two of the large businesses located nearby and they both offer employment opportunities as well as internships for those wanting to gain experience.
Overall, Mount Ephraim is a great place to live due to its low rent prices, convenient access to Philadelphia and surrounding towns, and plentiful job opportunities with large companies like NJM Insurance Group and Keystone Fire Protection Co. There’s also the added benefit of having a good Grocery Cost Index that helps keep costs down when it comes time for shopping.
Mount Ephraim (zip 08059) has an unemployment rate of 8.0%. The US average is 6.0%.
Mount Ephraim (zip 08059) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Mount Ephraim (zip 08059)
- The Sales Tax Rate for Mount Ephraim (zip 08059) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mount Ephraim (zip 08059) 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 Mount Ephraim (zip 08059)
- The average income of a Mount Ephraim (zip 08059) resident is $31,931 a year. The US average is $28,555 a year.
- The Median household income of a Mount Ephraim (zip 08059) resident is $83,089 a year. The US average is $69,021 a year.