Middlesex, NJ is an attractive area to live in. Numerous local companies like Johnson & Johnson, Robert Wood Johnson university hospital, and Rutgers University have built their roots in Middlesex. Residents who choose to reside here can enjoy relatively low rent fees in comparison to the US average. The two bedroom rent for Middlesex, NJ is $1,790 while the US average is $1,430. In addition, the grocery cost index for Middlesex is 105 compared to 100 in the US as well. Hence, living in Middlesex offers a great cost of living for those who decide to move here.
Middlesex has an unemployment rate of 6.9%. The US average is 6.0%.
Middlesex 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 Middlesex
- The Sales Tax Rate for Middlesex is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Middlesex 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 Middlesex
- The average income of a Middlesex resident is $34,511 a year. The US average is $28,555 a year.
- The Median household income of a Middlesex resident is $90,162 a year. The US average is $69,021 a year.