Housing costs in Palisades Park?
A typical home costs
$792,400, which is 134.4% more expensive than the national average of
$338,100 and 83.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Palisades Park costs
$1,980 per month, which is 38.5% more than the national average of
$1,430 and 13.6% more than the state average of
$1,710.
Can I afford Palisades Park?
To live comfortably in Palisades Park, New Jersey, a minimum annual income of
$151,920 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Palisades Park?
The cost of living in Palisades Park, NJ is quite high compared to other parts of the state. The median home value for a single family residence in the area is around $558,000, which is significantly higher than the average throughout New Jersey. While groceries and transportation costs tend to be moderate when compared to nearby areas, items like utilities and healthcare are slightly more expensive due to their proximity to New York City. Residents can expect their overall cost of living in the area to be higher than some other places in the state.