New Jersey · Northeast · 19k residents
Preakness, NJ: economy, jobs & business costs
The site-selection read on Preakness: labor costs, talent, corporate tax, energy, and business activity, with the New Jersey median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,658/wk. New Jersey's corporate income tax rate is 11.5%. Commercial electricity averages 14.6¢/kWh.
Compare Preakness side by side
Avg. weekly wage
$1,658/wk
Corporate income tax
11.5%
Bachelor's degree or higher
57.1%
Commercial electricity
14.6¢/kWh
Economic momentum
We don't yet track economic momentum for Preakness. It will rank business formation, jobs, and building-permit growth against the US cities we track.
| ACS median home value | $617,700 |
| Price per sq. ft. | $300 |
| Property tax rate | 2.2% |
| 1-bedroom rent | $1,565/mo |
| 2-bedroom rent | $2,295/mo |
| State & local income tax | 2.26% |
| Sales tax | 6.6% |
| Corporate income tax | 11.5% |
| Avg. weekly wage | $1,658/wk |
| Bachelor's degree or higher | 57.1% |
| Commercial electricity | 14.6¢/kWh |
| Businesses per 1k residents | — |
| Wage: Software developer | $135,940 |
| Wage: Registered nurse | $106,500 |
| Wage: General manager | $173,690 |
| Wage: Customer service | $47,740 |
| Wage: Warehouse worker | $37,250 |
| Wage: Heavy truck driver | $63,570 |
| Wage: Electrician | $77,250 |
| Wage: Retail salesperson | $36,520 |
| Cost of living index | 132 |
| Groceries index | 106 |
| Utilities | $180/mo |
| Transit pass | $100/mo |
| Gas price | $3.25/gal |
| Healthcare index | 103 |
| Childcare (per child) | $1,350/mo |
| Median household income | $133,205 |
| Unemployment rate | 4.5% |
| Population | 19k |
| Crime index | 25/100 |
| School rating | 8.3/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 32 min |
| Sunny days / year | 205 days |
| July high | 87°F |
| January low | 22°F |
| Annual snowfall | — |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | — |
| Building permits YoY | — |
| Ocean coast | 32 mi |
| Big lake | 56 mi |
| Mountains | 60 mi |
| Major airport | 17 mi |
| Ski resort | 60 mi |
Popular comparisons
Nearby
- Paterson, NJ · 159k
- Hawthorne, NJ · 20k
- Fair Lawn, NJ · 36k
- Elmwood Park, NJ · 21k
- Clifton, NJ · 89k
Similar size
- Dover, NJ · 19k
- Colonia, NJ · 19k
- Dumont, NJ · 18k
- Rutherford, NJ · 19k
- Ocean Acres, NJ · 19k
Real listings in Preakness
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Preakness a good place to run a business?
- New Jersey's corporate income tax rate is 11.5%; average weekly wages in the surrounding labor market run $1,658/wk; commercial electricity averages 14.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Preakness, NJ?
- Preakness indexes at 132 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $2,295/mo and a acs median home value of $617,700.
- How much does a house cost in Preakness?
- The acs median home value in Preakness is $617,700 (Census ACS estimate; individual listings vary).
- How much is rent in Preakness?
- A two-bedroom in Preakness rents for about $2,295/mo.