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Some to consider: Ridgewood, Montclair, Maplewood, South Orange, Millburn. All have many home choices that an upper middle class professional would be happy with.
All good towns, I'll add Madison, Summit, Short Hills.
If you are going to be working in the Wall Street area of NYC, I will not recommend going toward the North of NYC. too far......and if you decide to go towards the North of New Jersey, the prices are very high, and the taxes on the house will eat your paycheck. New Jersey has the HIGHEST PROPERTY TAXES, and AUTOMOBILE INSURANCE in the nation. My next-door-neighbors' son lives in Northern New Jersey, and he pays over $25,000 yearly on property taxes.......
If you have any questions, do not hesitate to contact me.....the best of luck to you and yours......
While you will definitely pay more in property taxes in NJ, you will not pay the additional city income tax like you would in the 5 boroughs. So this offsets a major portion of property taxes, depending what one's income is. Property taxes are in-line with Westchester & Nassau.
OP, in NJ, you would want to focus on towns that connect in Hoboken for PATH (Ridgewood / Glen Rock in Bergen County, Summit/Maplewood/South Orange in Union/Essex County), or towns that either connect or are easily driveable to Newark Penn (Westfield, Cranford are popular ones.) These will all get you downtown pretty easily. I've heard that the PATH trains from Hoboken are less crowded than the ones from Newark/Jersey City, so that's something to keep in mind as well.
Avoid the towns with direct train service to Penn Station, as you will be paying a premium for a service that you do not need (although Summit has both, which is why it is the priciest town of the ones listed above.)
Edited to add: Maplewood & South Orange also have direct trains to Penn Station, but are less expensive than Summit since schools are perceived to be a notch below (although still pretty good).
Suggest Middletown, NJ and surrounding townships. A fast ferry from Atlantic Highlands takes 45 minutes to the financial district. Newer homes on larger lots, pretty good schools and proximity to the beaches makes this area very desirable.
ALso neighboring towns like Glen Ridge and Bloomfield are wonderful. I am happy to answer any questions you might have and you can absolutely find a home in the price range.
NJ is the way to go if job is in Financial District.
New Jersey is not the only place in the planet for Wall Street. You have UPPER MIDDLE CLASS/ WEALTHY Staten Island, with FERRIES and EXPRESS BUSES that take you there in 40 minutes. And your PROPERTY TAXES and AUTOMOBILE INSURANCE, are far, far less. 90 % of Staten Islanders work in the Wall Street area of Manhattan.....
Suggest Middletown, NJ and surrounding townships. A fast ferry from Atlantic Highlands takes 45 minutes to the financial district. Newer homes on larger lots, pretty good schools and proximity to the beaches makes this area very desirable.
While you will definitely pay more in property taxes in NJ, you will not pay the additional city income tax like you would in the 5 boroughs. So this offsets a major portion of property taxes, depending what one's income is. Property taxes are in-line with Westchester & Nassau.
OP, in NJ, you would want to focus on towns that connect in Hoboken for PATH (Ridgewood / Glen Rock in Bergen County, Summit/Maplewood/South Orange in Union/Essex County), or towns that either connect or are easily driveable to Newark Penn (Westfield, Cranford are popular ones.) These will all get you downtown pretty easily. I've heard that the PATH trains from Hoboken are less crowded than the ones from Newark/Jersey City, so that's something to keep in mind as well.
Avoid the towns with direct train service to Penn Station, as you will be paying a premium for a service that you do not need (although Summit has both, which is why it is the priciest town of the ones listed above.)
Edited to add: Maplewood & South Orange also have direct trains to Penn Station, but are less expensive than Summit since schools are perceived to be a notch below (although still pretty good).
I have a million dollar house, and my property taxes are $5,000 per year. Is that too much...........? The additional City Income Tax is not that much......
I have a million dollar house, and my property taxes are $5,000 per year. Is that too much...........? The additional City Income Tax is not that much......
Like it or hate it the following is only my opinion:
When was the last time your house had any capital improvement?
When was the last time the house was assessed?
You are very fortunate.. To get property taxes that low in N.Y.C.
you would have to be over 65 and drawing an income that is
below the max N.Y. income cap to meet the requirement for a greater
property tax advantage. I don't recall but I think it hovers around $24,000 dollars annually.
I live on SI, grew up on the south shore. Don't move there unless you want a miserable commute. I did it for many years...now I live by the Mall and work on Wall Street..commute still not great over here, you can sit on the SI expressway for an hour before you get OFF of SI.
If you do consider SI, you can definitely get a nice house in Dongan Hills/Grasmere/Old Town/New Dorp, etc...for under $1,000,000...and your commute would be MUCH better. I'm moving back over there soon.
I live on SI, grew up on the south shore. Don't move there unless you want a miserable commute. I did it for many years...now I live by the Mall and work on Wall Street..commute still not great over here, you can sit on the SI expressway for an hour before you get OFF of SI.
If you do consider SI, you can definitely get a nice house in Dongan Hills/Grasmere/Old Town/New Dorp, etc...for under $1,000,000...and your commute would be MUCH better. I'm moving back over there soon.
Did you ever take the Ferry to Wall Street?
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sasie123
