Housing costs in Teaneck?
A typical home costs
$529,900, which is 56.7% more expensive than the national average of
$338,100 and 22.6% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Teaneck costs
$1,820 per month, which is 27.3% more than the national average of
$1,430 and 6.0% more than the state average of
$1,710.
Can I afford Teaneck?
To live comfortably in Teaneck, New Jersey, a minimum annual income of
$101,520 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Teaneck?
The cost of living in Teaneck, NJ is generally quite high. The median home value is $559,000 and the median rent price is $2,216 per month. The cost of groceries and other consumer goods in Teaneck are on the higher side as well. This can be attributed to the fact that Teaneck has many affluent areas and a diverse range of businesses. Additionally, taxes are relatively high compared to other towns in New Jersey. All this adds up to make Teaneck one of the most expensive places to live in New Jersey.