Housing costs in Franklin Park?
A typical home costs
$295,900, which is 12.5% less expensive than the national average of
$338,100 and 31.5% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Franklin Park costs
$2,310 per month, which is 61.5% more than the national average of
$1,430 and 26.0% more than the state average of
$1,710.
Can I afford Franklin Park?
To live comfortably in Franklin Park, New Jersey, a minimum annual income of
$56,520 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Franklin Park?
Franklin Park, NJ has an affordable cost of living when compared to other places in the state. The cost of housing is relatively low, with median home prices sitting at around $293,000 and median rent hovering around $1390 per month. In terms of groceries, basic items are reasonably priced, and the local farmers’ markets are a great option for fresh meats and produce. There's also quite a few dining options for all budgets. Overall, Franklin Park is an excellent place to settle in if you're looking for an affordable yet comfortable lifestyle.