Northern New Jersey vs Palo Alto

http://marginalrevolution.com/marginalrevolution/2017/04/defense-northern-new-jersey.html

Given the access to labor markets and the available cultural amenities, Northern New Jersey is surprisingly affordable. It’s still possible to find a reasonable home in a reasonable location for ~$200k, which is close to the national median.

I lived in Palo Alto for most of my time in California. The cheapest 4-bedroom house in Palo Alto right now is $2.6M (https://www.redfin.com/CA/Palo-Alto/687-Florales-Dr-94306/home/1666194).

I live in what is perhaps the most “Palo Alto-like” of Bergen County towns, and my 4-bedroom house cost over 3x less and is almost 2x larger than the Palo Alto house above. I also can walk to the train, a Whole Foods, library, YMCA, town pool, third-wave coffee shop, etc. Not too shabby for the price!

Here’s a nice 4-bedroom house on a 1/3 of an acre for under $500k with a Walk Score of 83, train access to NYC, and good schools: https://www.redfin.com/NJ/Westwood/363-Kinderkamack-Rd-07675/home/35886002 https://www.walkscore.com/score/363-kinderkamack-rd-westwood-nj-07675 http://www.greatschools.org/new-jersey/westwood/

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