Quick facts: Hackensack, NJ

Quick Facts

112.9
Cost of Living
above US average
45,633
Population
26.1
Crime Rate per 1000
above US average
$79,133
Median Income
below US average
$395,000
Median House Price
above US average
$2621.6
Average Rent
above US average
9%
Poverty Rate
below US average
5.0%
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 $79,133.

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Income Needed to Buy

βœ— Stretch
$124k/year
Based on $395,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $124k vs median $79,133
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Income Needed to Rent

⚠ Stretch
$112k/year
Based on $2621.6/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $112k vs median $79,133
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hackensack, NJ

Hackensack is a city located in Bergen County, New Jersey, known for its rich history and diverse community. As the county seat, it plays a significant role in the region’s administrative and cultural landscape. The city has a vibrant downtown area, featuring a mix of modern shops, restaurants, and historic buildings, creating a lively atmosphere for both residents and visitors. Hackensack is home to various parks and recreational areas, such as the Hackensack River County Park, which offer beautiful green spaces for outdoor activities. The city also boasts a strong educational system, with numerous public and private schools, as well as higher education options like the Hackensack Meridian Health School of Medicine. Culturally, Hackensack hosts several events throughout the year, fostering community engagement. The proximity to New York City (about 10 miles away) offers residents easy access to the vast amenities, entertainment, and employment opportunities of the metropolitan area, making it an attractive place to live. With a blend of urban and suburban characteristics, Hackensack continues to grow and evolve while maintaining its unique charm.

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