Quick facts: Maplewood, NJ

Quick Facts

115.3
Cost of Living
above US average
25,232
Population
4.36
Crime Rate per 1000
below US average
$122
Median Income
below US average
$702,000
Median House Price
above US average
$3101.62
Average Rent
above US average
6%
Poverty Rate
below US average
4.3%
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 $122.

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Income Needed to Buy

βœ— Stretch
$220k/year
Based on $702,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $220k vs median $122
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Income Needed to Rent

⚠ Stretch
$133k/year
Based on $3101.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $133k vs median $122
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Maplewood, NJ

Maplewood is a charming suburban township located in Essex County, New Jersey, just a short train ride from New York City. Known for its picturesque neighborhoods, it features tree-lined streets, historic homes, and a strong sense of community. The town boasts a vibrant downtown area with a variety of shops, cafes, and restaurants, making it a popular gathering spot for residents. Maplewood is celebrated for its diverse population and commitment to inclusivity, fostering a welcoming environment for families and professionals alike. The township is home to several parks and recreational facilities, offering ample opportunities for outdoor activities, sports, and leisure. Education is a priority in Maplewood, with highly regarded public schools as well as several private educational institutions. The community is active and engaged, evident in numerous events and festivals held throughout the year. With its proximity to New York City, residents can easily access urban amenities while enjoying the tranquility of suburban life. Overall, Maplewood is an ideal place for those seeking a balance of community spirit and convenient living.

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