Quick facts: Englewood, NJ

Quick Facts

112.9
Cost of Living
above US average
29,034
Population
15.26
Crime Rate per 1000
below US average
$93,134
Median Income
above US average
$649,000
Median House Price
above US average
$3678.54
Average Rent
above US average
7%
Poverty Rate
below US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $93,134.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $649,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $93,134
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Income Needed to Rent

⚠ Stretch
$158k/year
Based on $3678.54/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $158k vs median $93,134
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Englewood, NJ

Englewood, New Jersey, is a vibrant city located in Bergen County, just northwest of Manhattan, making it a convenient spot for commuters. Nestled along the Palisades cliffs, it offers stunning views of the Hudson River and the New York City skyline. Known for its rich history, Englewood features a blend of cultural diversity and suburban charm, with a variety of residential neighborhoods, parks, and recreational facilities. A notable highlight is the Englewood Town Center, which boasts a mix of shops, restaurants, and services, contributing to a lively community atmosphere. The city is also home to several educational institutions, including private schools and proximity to reputable colleges. Outdoor enthusiasts can enjoy the nearby Flat Rock Brook Nature Center, offering trails and wildlife observation opportunities. Englewood's cultural scene includes theaters, art galleries, and community events, making it a hub for creativity and engagement. With a strong emphasis on community and accessibility to urban amenities, Englewood is an attractive place to live for families and professionals alike.

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