North Middletown, NJ is a vibrant and diverse community located in Monmouth County. It serves as home to several notable companies, including BAE Systems Electronic Solutions, Finnegan’s Auto Parts, and Fallon Paper & Packaging. The cost of living in North Middletown is slightly higher than the US average, with 2 bedroom rent coming in at $1,640 compared to the US average of $1,430. Likewise, its Grocery Cost Index is 107 versus 100 in the US overall. Despite its slightly higher cost of living however, North Middletown remains an attractive location for residents looking for a mix of urban amenities and natural beauty.
North Middletown has an unemployment rate of 6.8%. The US average is 6.0%.
North 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for North Middletown
- The Sales Tax Rate for North Middletown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for North 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 North Middletown
- The average income of a North Middletown resident is $31,054 a year. The US average is $28,555 a year.
- The Median household income of a North Middletown resident is $100,648 a year. The US average is $69,021 a year.