West Milford, NJ is a small suburban town in northern New Jersey. It is located northwest of Newark and has a population of around 26,000. The cost of living in West Milford is slightly higher than the national average due to its high rental costs. The average rent for a two-bedroom apartment in West Milford is $2,020 compared to the US average of $1,430. Grocery prices are also higher here with an index score of 104 versus the US national average of 100. Residents of West Milford can find employment at local companies such as Lakeland Bank, Church & Dwight Co Inc., and ShopRite Supermarkets.
West Milford has an unemployment rate of 10.0%. The US average is 6.0%.
West Milford 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 21.7%, which is lower than the US average of 33.5%.
Tax Rates for West Milford
- The Sales Tax Rate for West Milford is 6.6%. The US average is 7.3%.
- The Income Tax Rate for West Milford 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 West Milford
- The average income of a West Milford resident is $38,999 a year. The US average is $28,555 a year.
- The Median household income of a West Milford resident is $107,359 a year. The US average is $69,021 a year.