Housing costs in Elmwood Park?
A typical home costs
$459,600, which is 35.9% more expensive than the national average of
$338,100 and 6.4% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Elmwood Park costs
$2,090 per month, which is 22.2% more than the national average of
$1,710 and 3.8% cheaper than the state average of
$2,170.
Can I afford Elmwood Park?
To live comfortably in Elmwood Park (zip 07407), New Jersey, a minimum annual income of
$88,200 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Elmwood Park?
07407 Elmwood Park, NJ has an average cost of living index of 113.7, which is 13.7% higher than the national average. This means that the cost of groceries, housing, utilities, transportation and health care will be higher than in many other parts of the country. Grocery costs are especially high due to the strong demand for organic produce and specialty items. Housing costs in 07407 Elmwood Park, NJ can also be quite expensive depending on where you live in relation to New York City and what type of property you're looking for. The median list price for a home in 07407 Elmwood Park is around $451,000 which is much higher than the rest of the state’s median listing price at $339,000.