Housing costs in Glen Ridge?
A typical home costs
$851,300, which is 151.8% more expensive than the national average of
$338,100 and 97.0% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Glen Ridge costs
$2,070 per month, which is 21.1% more than the national average of
$1,710 and 4.8% cheaper than the state average of
$2,170.
Can I afford Glen Ridge?
To live comfortably in Glen Ridge (zip 07028), New Jersey, a minimum annual income of
$163,080 for a family, and
$69,200 for a single person is recommended.
What does A.I. say about Glen Ridge?
The cost of living in 07028 Glen Ridge, NJ is high compared to the national average. According to BestPlaces, a website that provides cost of living data, the cost of living index for 07028 is 125.2, whereas the national average is only 100. This means that basic goods and services can be 25% more expensive than in other parts of the U.S. Housing costs are particularly high in Glen Ridge, with a median home price of $631,700 and monthly rent for a one-bedroom apartment averaging about $1,600. Other basic necessities such as food and transportation can also be expensive when compared to other cities. However, these higher costs can be offset by the area’s excellent schools and safety ratings, making it an attractive option for those who are willing to pay for quality living conditions.