Skillman, NJ 08558 is an ideal area for those looking to rent a two-bedroom apartment as the rent in the city for this type of accommodation stands at $2,230 - slightly higher than the US average of $1,430. The cost of living in 08558 is also slightly higher than the national average with a grocery cost index of 111 compared to 100 nationally, however, this can be well worth it given that there are many job opportunities available thanks to local companies such as Johnson & Johnson, Bristol-Myers Squibb and Dow Jones & Co., all based within close proximity. These businesses benefit from being close to Princeton University and offer great career progression prospects plus competitive salaries. In addition, the area provides excellent amenities such as shopping malls, cinemas and restaurants which all add to the appeal of living in Skillman.
Skillman (zip 08558) has an unemployment rate of 6.3%. The US average is 6.0%.
Skillman (zip 08558) has seen the job market decrease by -7.3% 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 Skillman (zip 08558)
- The Sales Tax Rate for Skillman (zip 08558) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Skillman (zip 08558) 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 Skillman (zip 08558)
- The average income of a Skillman (zip 08558) resident is $91,435 a year. The US average is $37,638 a year.
- The Median household income of a Skillman (zip 08558) resident is $213,966 a year. The US average is $69,021 a year.