Fords, NJ is a small town located in Middlesex county. It has a population of around 16,000. Many local businesses call Fords home, such as the Ford's Grocery Store and Fords Pharmacy. The cost of living in Fords is higher than that of the national average. The average rent for a two bedroom apartment is $1,870, while the United States’ average rent for a two bedroom apartment is $1,430. In addition, the grocery cost index in Fords is 105 compared to 100 for the US on average. All-in-all, those looking to move to Fords must plan their finances carefully so they can afford to live there comfortably.
Fords has an unemployment rate of 6.9%. The US average is 6.0%.
Fords 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 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Fords
- The Sales Tax Rate for Fords is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Fords 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 Fords
- The average income of a Fords resident is $33,310 a year. The US average is $28,555 a year.
- The Median household income of a Fords resident is $105,505 a year. The US average is $69,021 a year.