Housing costs in Park Ridge?
A typical home costs
$640,700, which is 89.5% more expensive than the national average of
$338,100 and 48.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Park Ridge costs
$2,000 per month, which is 39.9% more than the national average of
$1,430 and 14.5% more than the state average of
$1,710.
Can I afford Park Ridge?
To live comfortably in Park Ridge, New Jersey, a minimum annual income of
$122,760 for a family, and
$68,800 for a single person is recommended.
What does A.I. say about Park Ridge?
The cost of living in Park Ridge, NJ is quite affordable compared to many other towns and cities in the area. The average home price in the area is around $650,000, while the median rent for a one-bedroom apartment is approximately $1,200. Although the cost of living in Park Ridge can be more expensive than surrounding townships and boroughs, it still remains relatively affordable when taking into account the quality of life that residents enjoy. Groceries and other staples are also typically reasonably priced; the town's proximity to New York City helps keep costs low due to competition from major chain stores. Overall, Park Ridge provides an excellent cost of living for those looking for a place to call home.