Midland Park, NJ Cost Of Living
Cost Of Living In Midland Park, NJ Summary
Cost of living in Midland Park research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Midland Park is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Jersey, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Midland Park is 144, with 100 being the average.
The cost of living index in Midland Park is 1.4x higher than the national average.
Midland Park ranks as the #187 cheapest in New Jersey out of 251.
Midland Park ranks as the #5,704 cheapest out of 6,412 in the US.
The median home value in Midland Park is $492,700.
The median income in Midland Park is $129,148.
Table Of Contents
Midland Park's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Midland Park, NJ?
According to the most recent data on the cost of living, Midland Park has an overall cost of living index of 144, which is 1.4x higher than the national index of 100.
Compared to New Jersey, Midland Park has a cost of living index that's 1.3x higher than New Jersey's index of 111.
The standard of living in Midland Park ranks as #187 most affordable out of the 251 places we measured in New Jersey. By definition, that implies Midland Park ranks as the #64 most expensive place in the Garden State.
For more reading on life in Midland Park, check out:
- Living In Midland Park
- Midland Park Crime Report
- Search Homes For Sale In Midland Park, NJ
In New Jersey
In America
Midland Park Cost Of Living Vs. New Jersey
Six factors go into calculating the cost of living index in Midland Park. Here is how it fairs on each of the criteria:
The Services index in Midland Park is 112.
The Groceries index in Midland Park is 105.
The Health index in Midland Park is 95.
The Housing index in Midland Park is 223.
The Transportation index in Midland Park is 109.
The Utilities index in Midland Park is 104.
| Living Expense | Midland Park | New Jersey | National Average | |
|---|---|---|---|---|
| Overall | 144 | 111 | 100 | |
| Services | 112 | 104 | 100 | |
| Groceries | 105 | 104 | 100 | |
| Health | 95 | 95 | 100 | |
| Housing | 223 | 130 | 100 | |
| Transportation | 109 | 106 | 100 | |
| Utilities | 104 | 108 | 100 | |
Midland Park, NJ Housing Cost Breakdown
Housing swings affordability the most between places in New Jersey, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Midland Park is $492,700.
The Median Rent in Midland Park is $1,695.
The Median Income in Midland Park is $129,148.
The Home Value To Income in Midland Park is 3.8x.
The Rent To Monthly Income in Midland Park is 0.16x.
| Statistic | Midland Park | New Jersey | United States |
|---|---|---|---|
| Median Home Value | $492,700 | $355,700 | $244,900 |
| Median Rent | $1,695 | $1,436 | $1,163 |
| Median Income | $129,148 | $89,703 | $69,021 |
| Home Value To Income | 3.8x | 4.0x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Median Home Value
Median Rent
Median Income
Midland Park, NJ Costs By Category
Detailed Midland Park Services Costs Vs. New Jersey
| Item | Midland Park | New Jersey |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $12.49 | $10.68 |
| Bowling | $18.0 | $14.67 |
| Haircut | $20.93 | $18.62 |
| Beauty Salon | $36.53 | $39.05 |
Detailed Midland Park Groceries Costs Vs. New Jersey
| Item | Midland Park | New Jersey |
|---|---|---|
| Ground Beef | $4.09 | $4.22 |
| Fried Chicken | $1.79 | $1.39 |
| Milk | $2.44 | $2.05 |
| Potatoes | $3.25 | $3.29 |
| Pizza | $11.36 | $10.62 |
| Beer | $9.32 | $9.38 |
| Toothpaste | $2.22 | $2.34 |
Detailed Midland Park Health Costs Vs. New Jersey
| Item | Midland Park | New Jersey |
|---|---|---|
| Optometrist | $106.0 | $108.57 |
| Doctor | $91.0 | $116.17 |
| Dentist | $102.33 | $99.13 |
Detailed Midland Park Transportation Costs Vs. New Jersey
| Item | Midland Park | New Jersey |
|---|---|---|
| Gasoline | $2.37 | $2.22 |
| Tire Balancing | $54.12 | $50.07 |
Detailed Midland Park Utilities Costs Vs. New Jersey
| Item | Midland Park | New Jersey |
|---|---|---|
| All Electricity | $178.53 | $167.67 |
| Phone | $179.87 | $175.64 |
Midland Park SnackAbility
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Cost Of Living In Cities Around Midland Park
The cost of living varies in the cities and towns around Midland Park. Here's a quick look at the cost of living in the most populous nearby places:
Ridgewood, NJ has a cost of living index of 176, 1.2x Midland Park.
Eastchester, NY has a cost of living index of 163, 1.1x Midland Park.
Hawthorne, NJ has a cost of living index of 130, 0.9x Midland Park.
| City | Population | Cost Of Living | Vs. Midland Park |
|---|---|---|---|
| Ridgewood, NJ | 25,991 | 176 | 1.2x |
| Eastchester, NY | 20,636 | 163 | 1.1x |
| Hawthorne, NJ | 19,507 | 130 | 0.9x |
| Scarsdale, NY | 18,063 | 265 | 1.8x |
| Glen Rock, NJ | 12,098 | 163 | 1.1x |
| Dobbs Ferry, NY | 11,511 | 169 | 1.2x |
| Franklin Lakes, NJ | 11,034 | 207 | 1.4x |
| Waldwick, NJ | 10,086 | 143 | 1.0x |
| North Haledon, NJ | 8,893 | 140 | 1.0x |
| Briarcliff Manor, NY | 7,587 | 175 | 1.2x |
