Middletown, NJ is a small town located in the northeastern part of the state. It has a vibrant community and is home to many local businesses such as Donahue's Seafood & Catering, Woodrow's Barbecue, Selene Greek Cafe, and Uncle Pete's Pizza. The cost of living in Middletown is higher than the national average; the average two-bedroom rent in Middletown is $1,620 while it costs an average of $1,430 nationally. Additionally, the grocery cost index in Middletown is 107 versus 100 in the US. Despite being more expensive than other towns around it, Middletown remains a popular destination for its beautiful scenery and friendly locals.
Middletown has an unemployment rate of 6.4%. The US average is 6.0%.
Middletown has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Middletown
- The Sales Tax Rate for Middletown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Middletown 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 Middletown
- The average income of a Middletown resident is $46,998 a year. The US average is $28,555 a year.
- The Median household income of a Middletown resident is $126,519 a year. The US average is $69,021 a year.