Cost of Living in Fort Lee
Fort Lee's cost of living pairs a real, disclosed cross-source spread in home prices and property-tax rates against a median household income genuinely above the national average.
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Learn moreA real, disclosed home-price spread
Fort Lee's home-price figures carry a real, disclosed cross-source spread: a 2026 market figure of approximately $463,000, a 2024 median property value of $448,000, and a more recent Redfin median SALE price of $365,000 (October 2025) -- the lower figure likely reflecting a heavier mix of smaller high-rise condo units sold that month. Confirm current, unit-type-specific pricing directly.
A property-tax rate with a real, modest cross-source spread
Fort Lee's median effective property tax rate ran 2.47% per Ownwell, with a separately cited blended rate (combining all overlapping taxing districts) of 2.70% -- both above the national median and above New Jersey's own statewide average.
A median household income above the national average
Fort Lee's median household income runs genuinely above the national median -- approximately $101,573-$107,274 depending on source, a real, disclosed modest spread.
New Jersey's statewide income tax applies regardless
New Jersey's graduated 7-bracket income tax (1.4%-10.75%) applies statewide, and Fort Lee levies no separate city income or payroll tax of its own, unlike Newark.
Key takeaways
- Home prices carry a real, disclosed spread ($365,000-$463,000) depending on source, vintage, and unit type.
- Effective property tax rate runs 2.47%-2.70% depending on source -- above the national and statewide NJ averages.
- Median household income ($101,573-$107,274) runs genuinely above the national average.
- New Jersey's statewide graduated income tax (1.4%-10.75%) applies regardless of borough.
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