Midland Park, NJ, shows a higher cost of living compared to the nationwide average. The overall cost of living index in Midland Park is 112, which is 12% higher than the national average of 100. Housing costs in Midland Park are notably higher, with an index of 136, indicating a 36% increase over the average. This suggests that potential residents should consider these elevated expenses when planning their move.
Midland Park, NJ, presents a cost of living that is notably higher than the nationwide average. The housing index stands at 136, indicating that housing costs are 36% more than the national average. This elevated cost can significantly impact the budget of individuals and families considering relocation to Midland Park.
Other expenses also reflect higher costs. For instance, groceries have an index of 105, which is 5% above the national average. Utilities, with an index of 110, are 10% higher than the average. Healthcare costs are 20% higher, with an index of 120, while miscellaneous expenses are 15% above average, at 115. These figures suggest that while Midland Park offers certain benefits, potential residents should be prepared for higher living expenses across various categories.
