Mahwah, NJ is a thriving community located in Bergen County. It is an affluent suburb of New York City and home to numerous fortune 500 companies including Sharp Electronics, Syncsort, and the Valley Hospital. The cost of living for Mahwah residents is slightly higher than that of the US average, with a median two bedroom rent at $2,560 compared to $1,430 nationally. Additionally, the grocery cost index in Mahwah is 107 versus 100 in the US. Despite the marginally higher costs of living in Mahwah NJ, it remains one of the most highly desirable places to live in all of New Jersey due to its proximity to Manhattan as well as its diverse range of businesses and shops.
Mahwah has an unemployment rate of 6.4%. The US average is 6.0%.
Mahwah 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 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Mahwah
- The Sales Tax Rate for Mahwah is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Mahwah 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 Mahwah
- The average income of a Mahwah resident is $48,322 a year. The US average is $28,555 a year.
- The Median household income of a Mahwah resident is $111,075 a year. The US average is $69,021 a year.