Madison Park, NJ is a great place to live with many local businesses available. It is located close to major points of interest such as the beach, parks, and restaurants. The cost of living in Madison Park is slightly higher than the US average, which is evidenced by its 2 bedroom rent being $1,710 compared to the US’s $1,430 and its grocery cost index being 105 versus 100 in the US. Companies within Madison Park include but are not limited to: Madison Park Pharmacy, Madison Park Service Center, Madison Park Pediatrics PLLC, and K-Mandi Apple Store and Salon. While it may be more expensive than other places in the US to live in Madison Park there are plenty of amenities available that make it worth the price.
Madison Park has an unemployment rate of 6.9%. The US average is 6.0%.
Madison Park has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Madison Park
- The Sales Tax Rate for Madison Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Madison Park 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 Madison Park
- The average income of a Madison Park resident is $28,669 a year. The US average is $28,555 a year.
- The Median household income of a Madison Park resident is $71,915 a year. The US average is $69,021 a year.