Housing costs in Edgewater?
A typical home costs
$652,300, which is 92.9% more expensive than the national average of
$338,100 and 51.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Edgewater costs
$2,750 per month, which is 60.8% more than the national average of
$1,710 and 21.1% more than the state average of
$2,170.
Can I afford Edgewater?
To live comfortably in Edgewater (zip 07020), New Jersey, a minimum annual income of
$124,920 for a family, and
$94,800 for a single person is recommended.
What does A.I. say about Edgewater?
The cost of living in 07020 Edgewater, NJ is relatively high compared to other areas. The median home value is around $799,500 and the median rental price is around $2,600 a month. Groceries and health care costs are both significantly higher than the national average. In addition, transportation costs can be expensive due to the high cost of gas in the area as well as tolls for bridges and tunnels. However, the quality of life offered by this area makes it worth the cost for many residents. With its easy access to Manhattan by public transportation or ferry and its convenient location near numerous shopping centers and parks, Edgewater remains an attractive option for many New Jerseyans.