Lebanon, NJ is a suburban town located in Hunterdon County. The cost of living in Lebanon is slightly higher than the US average due to higher rent prices and groceries. The median 2 bedroom rent for Lebanon is $1,690 per month, while the median 2 bedroom rent for the US is $1,430 per month. Additionally, the grocery cost index in Lebanon is 105 compared to 100 in the rest of the country. Despite its higher costs of living, Lebanon has many local businesses as well as entertainment venues that make it an affordable place to live. Local companies such as Odonnell & Naccarato Civil Engineers PC, RKL LLP and Roskos Young Insurance Agency offer services that add economic value to the city. Additionally there are several parks throughout Lebanon that provide recreational activities and family-friendly outings. Overall, Lebanon offers its residents a comfortable lifestyle with plenty of business opportunities and amenities.
Lebanon township has an unemployment rate of 5.9%. The US average is 6.0%.
Lebanon township has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Lebanon township
- The Sales Tax Rate for Lebanon township is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Lebanon township is 5.5%. The US average is 4.6%.
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Income and Salaries for Lebanon township
- The average income of a Lebanon township resident is $50,900 a year. The US average is $37,638 a year.
- The Median household income of a Lebanon township resident is $126,155 a year. The US average is $69,021 a year.