Highland Park, NJ is a small borough located in Middlesex County with a population of around 14,000. The town is known for its quiet residential neighborhoods and diverse housing options- from multi-family homes to luxury apartments. It also has many local businesses, institutions and parks that make it a great place to call home. For instance, Rutgers University's New Brunswick campus is only a few minutes' drive away and offers many educational opportunities. Additionally, Highland Park boasts numerous grocery stores, restaurants, pharmacies, banks and other amenities such as the Donaldson Park Zoo and Johnson Public Library. In terms of two bedroom rent costs, Highland Park has an average monthly rental rate of $1,820 which is slightly higher than the national average of $1,430. Furthermore, the Grocery Cost Index in Highland Park stands at 105 compared to the US standard index of 100.
Highland Park has an unemployment rate of 6.9%. The US average is 6.0%.
Highland 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 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Highland Park
- The Sales Tax Rate for Highland Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Highland 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 Highland Park
- The average income of a Highland Park resident is $38,502 a year. The US average is $28,555 a year.
- The Median household income of a Highland Park resident is $85,652 a year. The US average is $69,021 a year.