Housing costs in Melrose Park?
A typical home costs
$196,300, which is 41.9% less expensive than the national average of
$338,100 and 52.5% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Melrose Park costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 94.1% cheaper than the state average of
$1,960.
Can I afford Melrose Park?
To live comfortably in Melrose Park, New York, a minimum annual income of
$37,440 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Melrose Park?
The cost of living in Melrose Park, NY is quite reasonable. The median home value is around $128,000, and the median household income is just over $50,000 - meaning that people can easily afford the cost of living in this area. Other costs such as groceries, gasoline and transportation are also fairly inexpensive, making it easy to live comfortably here. In addition, the area has plenty of restaurants and other attractions to enjoy. This makes it a great place for families or individuals who want to save money while still living close to New York City.