08244 Somers Point, NJ is an ideal place to live with a relatively low cost of living compared to other places in the country. The average two bedroom rent in this area is $1,560, which is significantly lower than the national average of $1,430. While groceries are slightly more expensive here than the US average (103 index versus 100), it's still a great choice for those looking to save money. There are many local companies in the area that offer great employment opportunities such as KAGR Inc., Jersey Electric Co., and Somers Point Beach Company. These businesses offer competitive salaries and working conditions that are sure to please any job seeker. With its affordable housing prices, local businesses, and overall laid-back vibe, 08244 Somers Point NJ is an ideal place to live for anyone seeking a peaceful environment with all of modern conveniences.
Somers Point (zip 08244) has an unemployment rate of 11.6%. The US average is 6.0%.
Somers Point (zip 08244) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 19.5%, which is lower than the US average of 33.5%.
Tax Rates for Somers Point (zip 08244)
- The Sales Tax Rate for Somers Point (zip 08244) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Somers Point (zip 08244) 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 Somers Point (zip 08244)
- The average income of a Somers Point (zip 08244) resident is $27,432 a year. The US average is $28,555 a year.
- The Median household income of a Somers Point (zip 08244) resident is $61,781 a year. The US average is $69,021 a year.