Housing costs in Mountain Lakes?
A typical home costs
$895,700, which is 164.9% more expensive than the national average of
$338,100 and 107.3% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Mountain Lakes costs
$1,710 per month, which is 0.0% cheaper than the national average of
$1,710 and 26.9% cheaper than the state average of
$2,170.
Can I afford Mountain Lakes?
To live comfortably in Mountain Lakes (zip 07046), New Jersey, a minimum annual income of
$171,720 for a family, and
$56,800 for a single person is recommended.
What does A.I. say about Mountain Lakes?
The cost of living in 07046 Mountain Lakes, NJ is quite high compared to many other areas across the United States. The median home price in this area typically runs around $700,000, which is significantly more than the national average. Additionally, property taxes are high due to the wealthy area and top-quality school districts. According to BestPlaces.net, groceries and health care are also higher than the national average in 07046 Mountain Lakes, NJ due to the affluent population that calls this area home. All in all, 07046 Mountain Lakes can be an expensive place to live but with its excellent schools and safe neighborhoods it can be worth the investment for many families.