Housing costs in Madison Park?
A typical home costs
$347,300, which is 2.7% more expensive than the national average of
$338,100 and 19.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Madison Park costs
$1,710 per month, which is 19.6% more than the national average of
$1,430 and close to the state average of
$1,710.
Can I afford Madison Park?
To live comfortably in Madison Park, New Jersey, a minimum annual income of
$66,600 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Madison Park?
The cost of living in Madison Park, NJ is relatively high compared to the average costs of other cities. According to BestPlaces's estimates, a single person living in Madison Park can expect to pay an average of $1,400 per month for basic needs like groceries, utilities, transportation costs and health care. Rent prices are also significantly more expensive than the national average, with one bedroom apartments starting at around $1,600 per month. Despite its higher cost of living, many people are drawn to Madison Park because it offers a great quality of life with easy access to beautiful parks and outdoor recreation areas as well as excellent restaurants and shopping options.