Quick facts: Clifton, NJ

Quick Facts

115.8
Cost of Living
above US average
88,709
Population
20.37
Crime Rate per 1000
below US average
$94,179
Median Income
above US average
$599,999
Median House Price
above US average
$2449.14
Average Rent
above US average
7%
Poverty Rate
below US average
4.9%
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 $94,179.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $94,179
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Income Needed to Rent

⚠ Stretch
$105k/year
Based on $2449.14/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $105k vs median $94,179
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Clifton, NJ

Clifton, New Jersey, is a vibrant city located in Passaic County, nestled between the larger cities of Paterson and Passaic. Covering an area of about 11.16 square miles, Clifton is known for its diverse community, rich history, and suburban feel. The city boasts a population of approximately 85,000 residents, making it one of the more densely populated cities in the state. Clifton is recognized for its numerous parks and recreational facilities, including the popular Garret Mountain Reservation, which offers scenic views and outdoor activities. The city also features the historic Botto House Museum, showcasing its Italian-American heritage. The city’s diverse economy includes various industries, and it is well-serviced by public transportation, including NJ Transit trains and buses, making commuting to New York City convenient. Clifton is also home to several shopping areas, restaurants, and cultural activities, creating a bustling atmosphere for residents and visitors alike. With good schools and a strong sense of community, Clifton continues to attract families and individuals looking for a suburban lifestyle with easy access to urban amenities.

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