Newport, NJ (08345) is a great place to live for those looking for access to the amenities of a big city without the hustle and bustle that usually accompany it. The average two bedroom rent in Newport is $1,420 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Newport is 101 compared to 100 in the US. Local companies located in Newport include MJ Manufacturing Co., Inc., Maser Consulting PA, Brielle Bayshore Recycling Center LLC, and DeRosa Builders Inc. Each of these businesses brings a unique skill set and perspective to this vibrant community.
Newport (zip 08345) has an unemployment rate of 9.4%. The US average is 6.0%.
Newport (zip 08345) has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Newport (zip 08345)
- The Sales Tax Rate for Newport (zip 08345) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Newport (zip 08345) 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 Newport (zip 08345)
- The average income of a Newport (zip 08345) resident is $25,476 a year. The US average is $28,555 a year.
- The Median household income of a Newport (zip 08345) resident is $56,094 a year. The US average is $69,021 a year.