Housing costs in Midland Park?
A typical home costs
$549,700, which is 62.6% more expensive than the national average of
$338,100 and 27.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Midland Park costs
$2,210 per month, which is 54.5% more than the national average of
$1,430 and 22.6% more than the state average of
$1,710.
Can I afford Midland Park?
To live comfortably in Midland Park, New Jersey, a minimum annual income of
$105,480 for a family, and
$76,000 for a single person is recommended.
What does A.I. say about Midland Park?
Midland Park, NJ is known for its relatively low cost of living. The cost of living index in Midland Park is approximately 20% lower than the national average and is one of the most affordable areas in New Jersey. It costs much less to buy a home here than other parts of the state, with a median home value at around $430,000. Rental prices are also quite affordable, with an average rent price of around $1,400 per month. Additionally, groceries and other necessities tend to be cheaper than in nearby cities and towns as well. All in all, Midland Park is an excellent place for those looking for a high quality of life without breaking the bank.