Florham Park, NJ is an attractive destination for many looking to live in a suburban area. It boasts a wide variety of local companies, including BASF Corporation, Honeywell International, MetLife Stadium and FDU’s Florham Campus. In addition to these prominent businesses, there are also many shopping and dining options available. The town is known for its excellent schools and vibrant community atmosphere, making it a great place to raise a family. Rent for two-bedroom apartments here averages around $2,370 per month which is slightly higher than the national average rent of $1,430 per month. Furthermore, Florham Park has a grocery cost index of 110 compared to the US index of 100 which suggests that the cost of living in this town may be slightly more expensive than other areas. Overall, Florham Park is an ideal place for those who are looking for an urban-suburban balance with plenty of amenities nearby.
Florham Park has an unemployment rate of 6.2%. The US average is 6.0%.
Florham Park has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Florham Park
- The Sales Tax Rate for Florham Park is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Florham 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 Florham Park
- The average income of a Florham Park resident is $59,449 a year. The US average is $37,638 a year.
- The Median household income of a Florham Park resident is $134,018 a year. The US average is $69,021 a year.