Housing costs in Mountain Lakes?
A typical home costs
$896,900, which is 165.3% more expensive than the national average of
$338,100 and 107.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Mountain Lakes costs
$1,740 per month, which is 21.7% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Mountain Lakes?
To live comfortably in Mountain Lakes, New Jersey, a minimum annual income of
$171,720 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Mountain Lakes?
The cost of living in Mountain Lakes, NJ is quite high compared to other areas. Housing prices are some of the highest in the area, ranging from mid-range starter homes to more luxurious abodes. Many people commute from outside the borough due to the fact that local real estate prices are often out of reach for many households. Additionally, the general cost of goods and services is higher than average in Mountain Lakes, and groceries and necessary items can be costly. Despite being a bit pricier than other parts of New Jersey, many people choose to make their home in Mountain Lakes due to its scenic views, excellent schools, and strong sense of community.