Midland Park, NJ is a small borough located in Bergen County, NJ. It has a population of 7,620 and is situated just 14 miles from New York City. The rent for two bedroom apartments is slightly higher than the US average at $2,210. One of the main draws to Midland Park are the affordable grocery costs which have an index of 107 versus 100 in the US on average. Some popular local companies in Midland Park include G&G Automotive, Krantz Electric Inc., Hy-Tech Roofing & Siding Co., and Summer Garden Food Manufacturing Co.
Midland Park has an unemployment rate of 7.4%. The US average is 6.0%.
Midland Park 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 25.3%, which is lower than the US average of 33.5%.
Tax Rates for Midland Park
- The Sales Tax Rate for Midland Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Midland 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 Midland Park
- The average income of a Midland Park resident is $42,334 a year. The US average is $28,555 a year.
- The Median household income of a Midland Park resident is $129,148 a year. The US average is $69,021 a year.