Housing costs in Englewood?
A typical home costs
$484,400, which is 43.3% more expensive than the national average of
$338,100 and 12.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Englewood costs
$1,990 per month, which is 16.4% more than the national average of
$1,710 and 9.0% cheaper than the state average of
$2,170.
Can I afford Englewood?
To live comfortably in Englewood (zip 07631), New Jersey, a minimum annual income of
$92,880 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Englewood?
The cost of living in 07631 Englewood, NJ is quite high. The median home price in the area is around $479,000, which is much higher than the national median home price of $227,025. The overall cost of living index for the area is 121.4, which is 20.4% higher than the national average. Groceries and health care costs are also significantly higher than average, while utilities and transportation costs are slightly below average. In addition to these expenses, Englewood residents often find themselves paying more for local taxes due to the high property values in the area. All in all, Englewood's cost of living can be expensive but provides its residents with beautiful views and many activities to enjoy all year round.