Housing costs in Midland Park?
A typical home costs
$548,700, which is 62.3% more expensive than the national average of
$338,100 and 27.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Midland Park costs
$2,150 per month, which is 25.7% more than the national average of
$1,710 and close to the state average of
$2,170.
Can I afford Midland Park?
To live comfortably in Midland Park (zip 07432), New Jersey, a minimum annual income of
$105,120 for a family, and
$74,000 for a single person is recommended.
What does A.I. say about Midland Park?
The cost of living in 07432 Midland Park, NJ is relatively high compared to the national average. The median home value for this area is around $571,000 which is significantly higher than the national median of approximately $184,700. Additionally, Midlanders pay an average of $6,586 in annual property taxes which is also much higher than the national average and one of the highest property tax rates in the nation. Transportation costs are also expensive with an average commute time of 34 minutes and an annual cost of $2,170 for gas and car maintenance. Overall, residents of Midland Park must budget for a significant outlay for goods and services when considering living in this area.