Hillsdale, NJ is a community that offers its residents a desirable way of life. This small town has a population of around 5,000 people and is located in Bergen County. It boasts an affordable cost of living with two bedroom rentals averaging at $1,910 compared to the national average of $1,430. Additionally, Hillsdale’s Grocery Cost Index is 108 as opposed to the US index of 100. Local businesses in Hillsdale include Bob’s Automotive Repair Service, Adina’s Boutique, and Tony’s Pizza which are popular among locals for their quality services and products. Hillsdale is a great place to live and work with its low cost of living and thriving local businesses.
Hillsdale has an unemployment rate of 7.4%. The US average is 6.0%.
Hillsdale has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Hillsdale
- The Sales Tax Rate for Hillsdale is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Hillsdale 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 Hillsdale
- The average income of a Hillsdale resident is $45,899 a year. The US average is $28,555 a year.
- The Median household income of a Hillsdale resident is $165,964 a year. The US average is $69,021 a year.