Zip 08090 (Oak Valley, NJ) Economy


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08090 Oak Valley, NJ is a great place to live due to its close proximity to major cities and quality of life. The local two bedroom rent in Oak Valley is $1,670 making it more affordable than the national average of $1,430. Additionally, the grocery cost index in Oak Valley is 103 versus 100 in the US indicating that it is slightly cheaper to purchase groceries in the area. There are many local companies located near 08090 Oak Valley such as Regal Cinema, Walmart Supercenter, Hometown Pharmacy and Bank of America providing convenient access to goods and services.

Oak Valley (zip 08090) has an unemployment rate of 8.0%. The US average is 6.0%.

Oak Valley (zip 08090) 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 28.3%, which is lower than the US average of 33.5%.

Tax Rates for Oak Valley (zip 08090)
- The Sales Tax Rate for Oak Valley (zip 08090) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Oak Valley (zip 08090) 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 Oak Valley (zip 08090)
- The average income of a Oak Valley (zip 08090) resident is $32,104 a year. The US average is $28,555 a year.
- The Median household income of a Oak Valley (zip 08090) resident is $103,535 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOak Valley, New JerseyUnited States
  86
  -5.9%-6.2%
  28.3%33.5%
  6.6%6.2%
  5.5%4.6%
  $39,863$37,638
  $103,535$69,021
  $109,457$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.6%6.8%
  9.0%10.0%
  5.4%2.5%
  12.3%11.0%
  3.6%4.8%
  0.6%0.8%
  1.5%1.9%
  7.9%4.7%
  2.5%1.9%
  8.3%7.6%
  0.7%0.1%
  2.8%4.2%
  12.8%9.3%
  13.4%14.0%
  1.7%2.1%
  3.1%7.0%
  4.2%4.8%
  4.5%4.7%
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