Farmingdale, NJ is an excellent place for those looking to live and work. The two bedroom rental cost in Farmingdale is $1,210, which is significantly below the US average of $1,430. Not only is rent affordable, but groceries in Farmingdale are also slightly cheaper than the national average with a Grocery Cost Index at 107 versus 100 in the US.
The town offers access to great local companies such as Terra Hydroponics Inc., Union Park Press and the ever popular Allaire State Park. These places offer residents a chance to explore and enjoy their community while taking part in some of its most quintessential activities. Furthermore, Farmingdale is known for its many parks and trails which create lots of opportunities for community involvement. Within these parks there are also recreational facilities such as sports fields and playgrounds that give locals a chance to connect with nature. With these great offerings from vibrant local businesses to excellent outdoor activities, it's no wonder why people choose to call Farmingdale home!
Farmingdale has an unemployment rate of 6.8%. The US average is 6.0%.
Farmingdale 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Farmingdale
- The Sales Tax Rate for Farmingdale is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Farmingdale 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 Farmingdale
- The average income of a Farmingdale resident is $30,383 a year. The US average is $28,555 a year.
- The Median household income of a Farmingdale resident is $85,000 a year. The US average is $69,021 a year.