Housing costs in Demarest?
A typical home costs
$951,000, which is 181.3% more expensive than the national average of
$338,100 and 120.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Demarest costs
$2,780 per month, which is 62.6% more than the national average of
$1,710 and 21.9% more than the state average of
$2,170.
Can I afford Demarest?
To live comfortably in Demarest (zip 07627), New Jersey, a minimum annual income of
$182,160 for a family, and
$95,600 for a single person is recommended.
What does A.I. say about Demarest?
The cost of living in 07627 Demarest, NJ is quite high. The median home value in the area is around $1,163,400 and the median household income is at $146,816. There are plenty of amenities for residents to enjoy with shops, restaurants, parks, and other entertainment venues nearby. Groceries and other basic necessities tend to be more expensive than most other areas due to the higher cost of living in Demarest. However, many view this area as a great place to live due to the excellent school system and convenient location near New York City.