Housing costs in Lincoln Park?
A typical home costs
$420,700, which is 24.4% more expensive than the national average of
$338,100 and 2.6% less expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Lincoln Park costs
$1,960 per month, which is 14.6% more than the national average of
$1,710 and 10.7% cheaper than the state average of
$2,170.
Can I afford Lincoln Park?
To live comfortably in Lincoln Park (zip 07035), New Jersey, a minimum annual income of
$80,640 for a family, and
$65,200 for a single person is recommended.
What does A.I. say about Lincoln Park?
The cost of living in 07035 Lincoln Park, NJ is relatively high compared to the rest of the United States. According to BestPlaces, the estimated cost of living index for this area is 153.8, which is above the national average index score of 100. Housing costs are especially expensive with an average rent for a one-bedroom apartment costing around $2,478 per month. Eating out can also be pricey as a meal at an inexpensive restaurant will cost around $15 or more per person and the price for a combo meal at McDonald's is around $8. Furthermore, utilities and transportation add even more to the overall cost of living in this area.