Montvale, NJ is a vibrant and vibrant town with plenty of job opportunities for its inhabitants. Many companies have their headquarters in Montvale, such as Sharp Medical Supply, MTS Logistics, The Bozzuto Group and Hudson Technologies. Despite being an affluent area, the cost of living is still relatively affordable compared to other towns in the surrounding area. The average rent for a two-bedroom apartment is $2,230 in Montvale while it is $1,430 in the US overall. Additionally, the Grocery Cost Index in Montvale is 109 compared to 100 nationally. This makes Montvale an ideal place for those who are looking for a high quality lifestyle at a reasonable price.
Montvale has an unemployment rate of 7.4%. The US average is 6.0%.
Montvale 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 Montvale
- The Sales Tax Rate for Montvale is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Montvale 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 Montvale
- The average income of a Montvale resident is $47,337 a year. The US average is $28,555 a year.
- The Median household income of a Montvale resident is $163,170 a year. The US average is $69,021 a year.