Housing costs in River Edge?
A typical home costs
$602,900, which is 78.3% more expensive than the national average of
$338,100 and 39.5% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in River Edge costs
$2,110 per month, which is 23.4% more than the national average of
$1,710 and 2.8% cheaper than the state average of
$2,170.
Can I afford River Edge?
To live comfortably in River Edge (zip 07661), New Jersey, a minimum annual income of
$115,560 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about River Edge?
The cost of living in 07661 River Edge, NJ is relatively high compared to the national average. According to the latest information available from BestPlaces, the overall cost of living index in this area is 140.3, which is 40.3% higher than the United States average. Housing prices in this area tend to be higher than most areas, with a median home price of $505,000. In addition, transportation expenses are on the higher side due to close proximity to New York City and other urban areas nearby. Groceries and staple items can also be expensive as some of the markets carry more specialty items that may not be found at lower-priced stores elsewhere. All in all, River Edge is an expensive place to live but provides its residents with a safe and comfortable environment perfect for families and professionals alike.