Housing costs in Silver Lake (Essex County)?
A typical home costs
$432,800, which is 28.0% more expensive than the national average of
$338,100 and 0.2% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Silver Lake (Essex County) 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 Silver Lake (Essex County)?
To live comfortably in Silver Lake (Essex County), New Jersey, a minimum annual income of
$82,800 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Silver Lake (Essex County)?
Silver Lake (Essex County) has a moderate cost of living, making it an attractive city for many residents. The median home value is around $348,000, with the median rent being approximately $1,200 per month. Additionally, the cost of basic necessities like groceries and transportation are fairly reasonable in comparison to other cities in the area. Utilities are also generally affordable. All of these factors make Silver Lake an ideal place to live for those looking for a balance between cost and quality of life.