Toms River, New Jersey (08755) is a small coastal town located in Ocean County. It is most notably known for its popular annual events such as the Annual Oyster Festival and the Pirate's Day Festival. The two bedroom rent in Toms River averages $1,470 per month, which is slightly higher than the US average which is $1,430. Grocery cost index in this town is also higher at 104 compared to the US average of 100. Companies like Racing Underground Motorsports, Geiger’s Appliance & Electronics, Lucey Mortgage Corporation have significant presence in Toms River giving its economy a major boost.
Toms River (zip 08755) has an unemployment rate of 7.5%. The US average is 6.0%.
Toms River (zip 08755) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Toms River (zip 08755)
- The Sales Tax Rate for Toms River (zip 08755) is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Toms River (zip 08755) 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 Toms River (zip 08755)
- The average income of a Toms River (zip 08755) resident is $37,133 a year. The US average is $28,555 a year.
- The Median household income of a Toms River (zip 08755) resident is $73,857 a year. The US average is $69,021 a year.