Delaware Park, NJ Economy


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Delaware Park, NJ is a small town located in the eastern half of the state near the Delaware Bay. It is known for its beautiful scenery and friendly atmosphere. The cost of living in Delaware Park, NJ is above the national average due to higher rental costs and grocery expenses. Two bedroom apartments rent for around $1,440 a month while the US average is at $1,430 a month. Grocery prices are also higher as evidenced by a cost index of 102 versus 100 in the US. There are many local businesses to explore in Delaware Park such as McCann's Irish Pub & Restaurant, Good Tymes Eatery & Sports Bar, and Uncle Paul's Pizza. All three establishments offer excellent cuisine and friendly service sure to make visitors feel right at home.

Delaware Park has an unemployment rate of 7.0%. The US average is 6.0%.

Delaware Park has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Delaware Park
- The Sales Tax Rate for Delaware Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Delaware Park 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 Delaware Park
- The average income of a Delaware Park resident is $35,827 a year. The US average is $28,555 a year.
- The Median household income of a Delaware Park resident is $139,396 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDelaware Park, New JerseyUnited States
  76
  -6.0%-6.2%
  24.5%33.5%
  6.6%6.2%
  5.5%4.6%
  $82,088$37,638
  $139,396$69,021
Family Median Income 85028
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