salaryRent here is among the highest 10% in the country. Household incomes are higher than in 91% of U.S. cities. A typical house costs about 3.8 years of household income. It is a highly educated city: 57.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $115,840 a year. That is $56 an hour at a full-time job.
Is rent cheaper than other New Jersey cities?
No. Rent here is more expensive than in most of New Jersey. It is number 234 of 291 cities from cheapest to most expensive.
How much do households earn in Midland Park?
Share of households by yearly income. 56.4% of households earn $100,000 or more.
Rent by apartment size in Midland Park
| Size | Midland Park | U.S. average |
|---|---|---|
| 1 bedroom | $1,944 | $1,324 |
| 2 bedrooms | $2,207 | $1,509 |
| 3 bedrooms | $2,711 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Midland Park overall?
Everyday prices in New Jersey overall are 9% above the U.S. average (index 108.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Midland Park, so the New Jersey figure is shown.
Taxes and bills in Midland Park
Life in Midland Park
Is it cheaper to rent or buy in Midland Park?
Renting is cheaper right now: about $1,317 a month less.
Owning assumes a typical $607,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $60,720 for the down payment.
Frequently asked questions
What is the average rent in Midland Park, NJ?
Renting in Midland Park costs a median of about $2,896 a month in 2026, including utilities. The New Jersey median is $2,240.
How much do I need to make to live in Midland Park?
To keep rent under 30% of income, you need about $115,840 a year, or $56 an hour at a full-time job.
Is Midland Park cheap or expensive?
Midland Park is rated OK: rent takes 21.9% of the typical household income of $158,368. It ranks 234th cheapest of 291 New Jersey cities we track.
How much are property taxes in Midland Park?
The median homeowner in Midland Park pays $10,000+ a year in property taxes, about 1.65% of the median home value.
Is Midland Park more expensive than the national average?
Overall prices in New Jersey are 9% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Midland Park?
The median home value in Midland Park is $607,200, about 3.8 times the typical yearly household income.
7,019 people live in Midland Park. Numbers are typical (middle) values.