Housing costs in Elmwood Park?
A typical home costs
$480,200, which is 42.0% more expensive than the national average of
$338,100 and 11.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elmwood Park costs
$2,170 per month, which is 51.7% more than the national average of
$1,430 and 21.2% more than the state average of
$1,710.
Can I afford Elmwood Park?
To live comfortably in Elmwood Park, New Jersey, a minimum annual income of
$92,160 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Elmwood Park?
Elmwood Park, NJ is an affordable place to live. The median home price in this area is about $266,000, compared to the national average of $231,000 for the same type of property. The cost of living in Elmwood Park is also relatively low, with groceries and healthcare taking up a smaller portion of income than they do in other parts of the country. In addition, there are plenty of housing options available to suit any budget. Renters can find apartments and homes starting at around $800 per month or less. Overall, Elmwood Park offers an affordable cost of living without sacrificing quality or convenience.