Housing costs in Peapack and Gladstone?
A typical home costs
$827,800, which is 144.8% more expensive than the national average of
$338,100 and 91.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Peapack and Gladstone costs
$2,190 per month, which is 53.1% more than the national average of
$1,430 and 21.9% more than the state average of
$1,710.
Can I afford Peapack and Gladstone?
To live comfortably in Peapack and Gladstone, New Jersey, a minimum annual income of
$158,760 for a family, and
$69,200 for a single person is recommended.
What does A.I. say about Peapack and Gladstone?
The cost of living in Peapack and Gladstone, NJ is relatively high compared to other areas in the state. According to Sperling's Best Places, the overall cost of living index for Peapack and Gladstone is 106.4, which is 6.4% higher than the national average. Housing costs are especially steep in this area with median home values hovering around $771,000 and median rents around $2,000 per month. Groceries and utilities also tend to be more expensive here than elsewhere in New Jersey, but overall expenses are lower than those found in nearby cities like New York City or Hoboken. Despite the higher prices for goods and services, many people are willing to pay a premium for the small-town charm that both Peapack and Gladstone offer.