Housing costs in Upper Montclair?
A typical home costs
$1,038,500, which is 207.2% more expensive than the national average of
$338,100 and 140.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Upper Montclair costs
$2,470 per month, which is 72.7% more than the national average of
$1,430 and 30.8% more than the state average of
$1,710.
Can I afford Upper Montclair?
To live comfortably in Upper Montclair (zip 07043), New Jersey, a minimum annual income of
$199,080 for a family, and
$82,000 for a single person is recommended.
What does A.I. say about Upper Montclair?
The cost of living in 07043 Upper Montclair, NJ is quite high. The median home value is around $628,000, and the median rent price is around $1,750 per month. This puts the area significantly above the national average. Prices for food, transportation and entertainment are all above the national average as well. However, despite this high cost of living, many people enjoy living in this area due to its excellent schools and close proximity to New York City.