Housing costs in Tenafly?
A typical home costs
$962,200, which is 184.6% more expensive than the national average of
$338,100 and 122.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Tenafly costs
$2,670 per month, which is 86.7% more than the national average of
$1,430 and 36.0% more than the state average of
$1,710.
Can I afford Tenafly?
To live comfortably in Tenafly, New Jersey, a minimum annual income of
$184,320 for a family, and
$92,000 for a single person is recommended.
What does A.I. say about Tenafly?
Tenafly, NJ is an upscale community that has a high cost of living. The median home value in Tenafly is $704,700, which is significantly higher than the national average of $211,731. Renters face similarly high rates, with the median rent being $2,425; more than double the average US rent of $1,095. Other necessities such as groceries and utilities also tend to be more expensive than other parts of the country. Despite this, the quality of life in the town is seen as worth the expense by many who call Tenafly home.