Zip 08023 (Pennsville, NJ) Economy


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08023 Pennsville, NJ is an ideal place to live with a 2 bedroom rent of $1,640 which is lower than the US average. It also has a Grocery Cost Index of 99 versus the US average which makes it even more affordable. Not to mention, 08023 Pennsville is home to several local companies such as KJT Enterprises, Pennsville Family Eye Care, and Faith Christian Academy. Residents can also enjoy services and products from Miley’s Auto Repair Shop, Precision Fire Protection LLC and Penns Grove Pharmacy. With all these benefits, 08023 Pennsville makes an excellent place to live for those looking for a great atmosphere and affordability.

Pennsville (zip 08023) has an unemployment rate of 8.5%. The US average is 6.0%.

Pennsville (zip 08023) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 16.8%, which is lower than the US average of 33.5%.

Tax Rates for Pennsville (zip 08023)
- The Sales Tax Rate for Pennsville (zip 08023) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Pennsville (zip 08023) 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 Pennsville (zip 08023)
- The average income of a Pennsville (zip 08023) resident is $18,975 a year. The US average is $37,638 a year.
- The Median household income of a Pennsville (zip 08023) resident is $32,171 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPennsville, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
Family Median Income 85028
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