Stanhope, NJ 07874 is a small town located in Northwest New Jersey. With a population of just over 2,500 people, it's a great suburban community for those looking to live out their life in peace and tranquility. The median 2 Bedroom rent in Stanhope is $2,020 which is slightly higher than the US average of $1,430. Similarly the Grocery Cost Index in Stanhope is 104 versus the 100 average US index.\nStanhope offers its residents plenty to do and explore. There are several local businesses such as Top Line Creations LLC which provides custom printing services and Spicy Fusion Grill which serves delicious Indian-style cuisine. For outdoor activities visitors can go to Allamuchy Mountain State Park where they can enjoy hiking and other recreational activities. Stanhope also has historical landmarks such as Cobblestone Manor which was once owned by a Revolutionary War General William Crane. Overall Stanhope provides residents with everything they need for an enjoyable quality of life no matter what stage of life they are in.
Stanhope (zip 07874) has an unemployment rate of 7.7%. The US average is 6.0%.
Stanhope (zip 07874) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 21.1%, which is lower than the US average of 33.5%.
Tax Rates for Stanhope (zip 07874)
- The Sales Tax Rate for Stanhope (zip 07874) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Stanhope (zip 07874) 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 Stanhope (zip 07874)
- The average income of a Stanhope (zip 07874) resident is $37,066 a year. The US average is $28,555 a year.
- The Median household income of a Stanhope (zip 07874) resident is $106,618 a year. The US average is $69,021 a year.