Housing costs in Paramus?
A typical home costs
$757,800, which is 124.1% more expensive than the national average of
$338,100 and 75.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Paramus costs
$2,740 per month, which is 60.2% more than the national average of
$1,710 and 20.8% more than the state average of
$2,170.
Can I afford Paramus?
To live comfortably in Paramus (zip 07652), New Jersey, a minimum annual income of
$145,080 for a family, and
$94,400 for a single person is recommended.
What does A.I. say about Paramus?
The cost of living in 07652 Paramus, NJ is significantly higher than the national average. According to Sperling's Best Places, the overall cost of living index is 111.3 which is 11.3% above the US average. In terms of housing expenses, the median home price in the area is $619,000 and rental prices are considerably higher than most other parts of New Jersey. Additionally, the median household income for this zip code is over $99,000 which speaks to the high cost of living here. The unemployment rate is only 3%, indicating that jobs are plentiful and wages are competitive which contributes to the high cost of living as well.