Park Ridge, NJ is a desirable city to live in due to its low cost of living and ample job opportunities. The median rent for a two bedroom apartment is around $2,000, which is much lower than the national average of $1,430. Additionally, according to the Grocery Cost Index, groceries in Park Ridge are 8% more affordable than the national average. There are plenty of popular companies that offer employment in Park Ridge such as Unilever, Panera Bread, TD Bank and more. Job seekers have plenty of options when looking for employment due to the presence of these businesses. Furthermore, there are many local small business with significant job opportunities that also provide enjoyable working environments for those who wish to work closer to where they live.
Park Ridge has an unemployment rate of 7.4%. The US average is 6.0%.
Park Ridge 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 Park Ridge
- The Sales Tax Rate for Park Ridge is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Park Ridge 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 Park Ridge
- The average income of a Park Ridge resident is $50,083 a year. The US average is $28,555 a year.
- The Median household income of a Park Ridge resident is $168,269 a year. The US average is $69,021 a year.