Midland Park, NJ, shows a higher cost of living compared to the nationwide average. The overall cost of living index is 115, which is 15% above the national average of 100. Housing costs lead the way, with an index of 120, indicating a 20% increase over the average. Groceries and healthcare also exceed the national average, with indices of 110 and 130, respectively. This data suggests that job seekers should consider these higher costs when planning their move to Midland Park.
Midland Park, NJ, exhibits a higher cost of living compared to the nationwide average, which is set at 100. Housing costs in Midland Park are notably 20% higher than the national average, with a cost of living index of 120. This increase suggests that residents may need to allocate a larger portion of their budget to housing expenses.
Additionally, the cost of groceries in Midland Park stands at 110, indicating an 11% rise above the national average. Utilities also show a slight increase, with an index of 105, which is 5% higher than the nationwide average. While transportation costs are relatively lower, at 95, this represents a 5% decrease from the national average. Healthcare costs are significantly higher, with an index of 130, reflecting a 30% increase. Miscellaneous expenses also show a 15% rise, with an index of 115. Overall, Midland Park presents a cost of living that is above the national average in most categories.
