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Old 05-28-2008, 02:24 PM
 
Location: Historic Downtown Jersey City
2,705 posts, read 6,995,425 times
Reputation: 1189

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That's an interesting map. But looking at that map, I see Basking Ridge at $115,000 average income. Honestly, who the heck that lives in Basking Ridge is making LESS than that? You cannot find many homes in Basking Ridge for under $500k (maybe a condo), and there can't be that many rental units in Basking Ridge. In my opinion, something doesn't add up.

Saddle River, the average household income is $130k or so. But yet it is nearly impossible to find a home that costs less than $1 Million in Saddle River. There seems to be a discrepancy somewhere...
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Old 05-28-2008, 02:25 PM
 
Location: NJ
76 posts, read 326,714 times
Reputation: 39
you dont take vacations, you dont go out to eat, you make do with what you have.....
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Old 05-28-2008, 02:27 PM
 
Location: NJ
76 posts, read 326,714 times
Reputation: 39
Quote:
Originally Posted by tommyc_37 View Post
That's an interesting map. But looking at that map, I see Basking Ridge at $115,000 average income. Honestly, who the heck that lives in Basking Ridge is making LESS than that? You cannot find many homes in Basking Ridge for under $500k (maybe a condo), and there can't be that many rental units in Basking Ridge. In my opinion, something doesn't add up.

Saddle River, the average household income is $130k or so. But yet it is nearly impossible to find a home that costs less than $1 Million in Saddle River. There seems to be a discrepancy somewhere...
Many of those people selling those houses have been sitting on them for 30+ years with no mortgage any longer.
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Old 05-28-2008, 02:29 PM
 
966 posts, read 3,055,544 times
Reputation: 359
Quote:
Originally Posted by JerseyBean View Post
you dont take vacations, you dont go out to eat, you make do with what you have.....
Exactly. I think this is the reason why MANY people are flocking out of NJ. They want their money to stretch out a little more and I don't blame then one bit.
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Old 05-28-2008, 03:20 PM
 
Location: Bernardsville NJ
50 posts, read 157,375 times
Reputation: 28
Quote:
Originally Posted by mike0421 View Post
I posted this map one other time before. NJ Median Income by Zip code:
...snip photo.....
Mike where did you find that I googled and could not find where this came from. I have a lot of research and areas highlighted on my own map but that would be a great visual for my research.

Thanks
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Old 05-28-2008, 04:32 PM
 
Location: 3219'03.7"N 10643'55.9"W
7,913 posts, read 16,503,851 times
Reputation: 6814
Quote:
Originally Posted by JerseyJames View Post
Mike where did you find that I googled and could not find where this came from. I have a lot of research and areas highlighted on my own map but that would be a great visual for my research.

Thanks
I make them on my own using GIS software and data sets at my personal disposal.
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Old 05-29-2008, 12:09 PM
 
Location: Down Jersey
56 posts, read 178,755 times
Reputation: 30
As has been stated... I believe that figure is the average per capita income... not household. Even still... there are many parts of the state where an individual or small family could live comfortably on $50K a year... not every part of the state has such ridiculously high costs of living.
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Old 05-29-2008, 12:23 PM
 
Location: Redneckville, NJ
6,307 posts, read 9,616,882 times
Reputation: 2854
Quote:
Originally Posted by mike0421 View Post
I posted this map one other time before. NJ Median Income by Zip code:
Wow this map makes me feel rich That's why they call me the Queen of Oxford
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Old 05-29-2008, 12:35 PM
 
Location: Here but I spend time There.
1,972 posts, read 4,762,415 times
Reputation: 556
Quote:
Originally Posted by mike0421 View Post
I posted this map one other time before. NJ Median Income by Zip code:
There must be something wrong w/ your software...it says Lakewood is in the "red".
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Old 05-29-2008, 12:51 PM
 
Location: Atlantic Highlands NJ/Ponte Vedra FL/NYC
2,689 posts, read 2,735,888 times
Reputation: 328
Quote:
Originally Posted by Alex07860 View Post
There must be something wrong w/ your software...it says Lakewood is in the "red".
lakewood is far from being an affluent area, there's a whole lot of poor people there, both black and jewish
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