Zip 08853 (Neshanic Station, NJ) Economy


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Neshanic Station, located in Somerset County, New Jersey is a great place to live and work. With a population of 2,250, the small town is home to several local companies including Maggio's Garden Center, Neshanic Valley Golf Course and Millington Quik Mart. The cost of living in the area is modest with two bedroom rental costs averaging around $1,650 per month and the grocery cost index being slightly higher than the national average at 108. Residents can take advantage of all that this small town has to offer as well as nearby larger towns such as Branchburg and Flemington for further amenities.

Neshanic Station (zip 08853) has an unemployment rate of 6.3%. The US average is 6.0%.

Neshanic Station (zip 08853) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.

Tax Rates for Neshanic Station (zip 08853)
- The Sales Tax Rate for Neshanic Station (zip 08853) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Neshanic Station (zip 08853) 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 Neshanic Station (zip 08853)
- The average income of a Neshanic Station (zip 08853) resident is $44,901 a year. The US average is $28,555 a year.
- The Median household income of a Neshanic Station (zip 08853) resident is $192,681 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNeshanic Station, New JerseyUnited States
  6.36
  -7.3%-6.2%
  23.7%33.5%
  6.6%6.2%
  5.5%4.6%
  $68,437$37,638
  $192,681$69,021
  $205,664$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  3.4%6.8%
  9.8%10.0%
  3.8%2.5%
  4.9%11.0%
  7.2%4.8%
  0.7%0.8%
  2.5%1.9%
  11.3%4.7%
  1.3%1.9%
  15.1%7.6%
  0.0%0.1%
  2.1%4.2%
  11.2%9.3%
  7.7%14.0%
  2.3%2.1%
  2.5%7.0%
  6.7%4.8%
  6.7%4.7%
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