Mendham Borough, NJ is an attractive place to live due to its low rental costs and the cost of groceries. The two bedroom rent in Mendham borough, NJ is $1,850 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Mendham borough, NJ is 111 versus 100 in the US. This means that groceries are more affordable than average in this area. In terms of business opportunities, there are several notable companies located in Mendham borough such as ShopRite Supermarkets, Inc., Advanced Planning Solutions LLC and Family Financial Solutions LLC. With competitive rental prices and lower grocery costs than most other locations around the country, Mendham Borough is an attractive option for those seeking a comfortable lifestyle at an affordable cost.
Mendham borough has an unemployment rate of 6.2%. The US average is 6.0%.
Mendham borough has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Mendham borough
- The Sales Tax Rate for Mendham borough is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mendham borough 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 Mendham borough
- The average income of a Mendham borough resident is $59,062 a year. The US average is $28,555 a year.
- The Median household income of a Mendham borough resident is $179,543 a year. The US average is $69,021 a year.