Quick facts: Roselle park, NJ

Quick Facts

112.9
Cost of Living
above US average
13,819
Population
10.06
Crime Rate per 1000
below US average
$97,769
Median Income
above US average
$539,000
Median House Price
above US average
$2730.87
Average Rent
above US average
5%
Poverty Rate
below US average
4.2%
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 $97,769.

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Income Needed to Buy

βœ— Stretch
$169k/year
Based on $539,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $169k vs median $97,769
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Income Needed to Rent

⚠ Stretch
$117k/year
Based on $2730.87/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $117k vs median $97,769
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Roselle park, NJ

Roselle Park is a charming borough located in Union County, New Jersey. Known for its vibrant community and small-town feel, it offers a tight-knit environment that's perfect for families and individuals alike. Roselle Park boasts a rich history, with roots dating back to the early 20th century, reflected in its well-preserved architecture and local landmarks. The borough is conveniently situated near larger urban centers, providing residents with easy access to a variety of shopping, dining, and entertainment options. The local parks and recreational facilities, such as the Roselle Park Recreation Center, offer residents opportunities to engage in outdoor activities and community events. Transportation is also a highlight, with access to NJ Transit train services that connect residents to New York City and surrounding areas, making it an ideal spot for commuters. Culturally, Roselle Park celebrates diversity with an array of events and festivals throughout the year, fostering a sense of community among its residents. Overall, Roselle Park is a welcoming and dynamic location that balances suburban tranquility with metropolitan conveniences.

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