Maplewood, NJ is an attractive destination for many renters due to its proximity to New York City and affordable rental prices compared to the national average. The two bedroom rent in Maplewood is $2,150 which is much lower than the US average of $1,430. Additionally, grocery costs in Maplewood are higher than the national average; with a cost index of 109 as opposed to 100. This could be attributed to the numerous businesses that have opened up in this area in recent years. Popular local companies include Starbucks, ShopRite, Kings Super Markets Inc., and Acme Markets. With such an array of options at their disposal, it’s no surprise that Maplewood continues to attract new residents every day.
Maplewood has an unemployment rate of 6.0%. The US average is 6.0%.
Maplewood has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Maplewood
- The Sales Tax Rate for Maplewood is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Maplewood 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 Maplewood
- The average income of a Maplewood resident is $52,370 a year. The US average is $28,555 a year.
- The Median household income of a Maplewood resident is $156,477 a year. The US average is $69,021 a year.