Housing costs in Park Ridge?
A typical home costs
$646,000, which is 91.1% more expensive than the national average of
$338,100 and 49.5% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Park Ridge costs
$1,910 per month, which is 11.7% more than the national average of
$1,710 and 13.6% cheaper than the state average of
$2,170.
Can I afford Park Ridge?
To live comfortably in Park Ridge (zip 07656), New Jersey, a minimum annual income of
$123,840 for a family, and
$65,600 for a single person is recommended.
What does A.I. say about Park Ridge?
The cost of living in 07656 Park Ridge, NJ is high compared to the national average. The median home price in the area hovers around $535,000, significantly higher than the national median of $233,900. Rent prices are also expensive, with an average 1-bedroom apartment costing over $2,000 per month. Groceries and utilities are more costly than in other parts of New Jersey and the nation as a whole. However, because Park Ridge offers many desirable features such as its close proximity to New York City and good public schools, many people are willing to pay a premium for the privilege of living there.