Housing costs in Palisades Park?
A typical home costs
$777,400, which is 129.9% more expensive than the national average of
$338,100 and 79.9% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Palisades Park costs
$1,940 per month, which is 13.5% more than the national average of
$1,710 and 11.9% cheaper than the state average of
$2,170.
Can I afford Palisades Park?
To live comfortably in Palisades Park (zip 07650), New Jersey, a minimum annual income of
$149,040 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Palisades Park?
The cost of living in 07650 Palisades Park, NJ is relatively high compared to the rest of the state. Home prices are significantly higher than the national average, with an estimated median home cost of $425,000. Renters will find themselves paying a bit more than the state average as well, as rental rates tend to be around $1,800 for a one-bedroom apartment. Groceries and other essential items can also be somewhat expensive due to the location. The overall cost of living index for 07650 Palisades Park is 132.7, which is 32.7% higher than the national average.