Cost of Living in Englewood
Englewood's cost of living pairs real, above-national-median home values against a property-tax rate that runs genuinely above even New Jersey's own already nation-leading statewide median.
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Learn moreA real, disclosed home-value spread
Englewood's home-value figures carry a real, disclosed cross-source spread: Redfin's median sale price ran $678,000 (up 5.7% year-over-year), while a separately cited Zillow-style figure ran a lower $609,000 -- both genuinely above the national median.
A property-tax rate above even NJ's own statewide median
Englewood's median effective property tax rate (2.98%, Ownwell) runs genuinely above even New Jersey's own already nation-leading statewide median (2.88%, per the same aggregator), with a median annual tax bill ($9,119) running $6,719 above the national median tax bill.
A genuinely mixed economic picture
Englewood's median household income ($102,571) runs above the national median, but the city's real, disclosed 9.21% poverty rate reflects a genuinely mixed economic composition -- this record discloses both rather than implying universal affluence.
New Jersey's statewide income tax applies regardless
New Jersey's graduated 7-bracket income tax (1.4%-10.75%) applies statewide, and Englewood levies no separate city income or payroll tax of its own, unlike Newark.
Key takeaways
- Home values carry a real, disclosed spread ($609,000-$678,000) depending on source.
- Effective property tax rate (2.98%) runs above even New Jersey's own already nation-leading statewide median.
- Median household income ($102,571) is above-national, but a real 9.21% poverty rate reflects a genuinely mixed economic picture.
- New Jersey's statewide graduated income tax (1.4%-10.75%) applies regardless of city.
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