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Somerdale, NJ Economy


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Somerdale, NJ is a great place to live due to its affordability and convenience. The average two-bedroom rent in Somerdale is $1,270, much lower than the rest of the United States at $1,430. Additionally, groceries are cheaper in Somerdale with a cost index of 103 versus the US index of 100. Somerdale has a variety of local businesses and attractions that make it a great place to live. Popular companies in Somerdale include Anserini Insurance Services LLC, Parkview Pizza & Grill, and Luna's Deli & Grocery Store. For entertainment options, residents enjoy taking long walks through Cooper River Park or visiting one of the many local bars like Pat's Pub or Redz Bar & Grill. With its affordable cost of living and abundance of amenities, it's easy to see why so many people choose to call Somerdale home!

Somerdale has an unemployment rate of 8.0%. The US average is 6.0%.

Somerdale has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.

Tax Rates for Somerdale
- The Sales Tax Rate for Somerdale is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Somerdale is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Somerdale
- The average income of a Somerdale resident is $37,087 a year. The US average is $37,638 a year.
- The Median household income of a Somerdale resident is $76,817 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomerdale, New JerseyUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Somerdale
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Over 17 years ago

somerdale offers the quietness and calm of living and also just about 15 mins outside of philadelphia when you are in the mood for fun and night life. cost of living is  More

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