Quick facts: Netcong, NJ

Quick Facts

112.9
Cost of Living
above US average
3,661
Population
9.01
Crime Rate per 1000
below US average
$83,125
Median Income
above US average
$565,000
Median House Price
above US average
$2184.62
Average Rent
above US average
6%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $83,125.

🏠

Income Needed to Buy

βœ— Stretch
$177k/year
Based on $565,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $177k vs median $83,125
🏒

Income Needed to Rent

⚠ Stretch
$94k/year
Based on $2184.62/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $94k vs median $83,125
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Netcong, NJ

Netcong is a quaint borough located in Morris County, New Jersey. It has a rich history dating back to the 19th century and is known for its charming small-town atmosphere. The area is characterized by its beautiful landscapes, including the nearby Musconetcong River, which offers opportunities for outdoor activities such as fishing, hiking, and picnicking. With a population of around 3,000 residents, Netcong maintains a tight-knit community feel. The town features a mix of residential homes, local businesses, and parks, making it an ideal place for families and individuals seeking a peaceful environment. The Netcong train station provides convenient access to New York City, making it appealing for commuters. In terms of education, the borough is served by the Netcong School District, which offers quality schooling for younger students. Additionally, residents enjoy various community events and activities throughout the year, fostering connections among neighbors. Overall, Netcong embodies the charm of small-town living while offering easy access to urban amenities.

πŸ” Search & Compare Places

First Location πŸ“