Maywood, NJ is a suburban town located in Bergen County. With a population of 8,960 people, Maywood has experienced an increase in affordable housing and job opportunities for its residents. The average rent for a two-bedroom apartment in the area is $2,120 which is slightly higher than the US average of $1,430. Additionally, grocery costs in Maywood are 6% higher than the US average as indicated by the Grocery Cost Index.
Businesses such as Kmart and Valley National Bank have locations in Maywood providing local residents with employment opportunities and low cost shopping options. Other notable businesses located in Maywood include Bally’s Total Fitness and R & R Automotive Service Center. With many businesses to choose from, Maywood offers its residents easy access to various services and amenities.
Maywood has an unemployment rate of 7.4%. The US average is 6.0%.
Maywood 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 Maywood
- The Sales Tax Rate for Maywood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Maywood 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 Maywood
- The average income of a Maywood resident is $36,205 a year. The US average is $28,555 a year.
- The Median household income of a Maywood resident is $99,832 a year. The US average is $69,021 a year.