Commute
High scores in the commute category could indicate that this area offers short commute times to work and readily available public transportation options.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Cost Of Living
Residents of this area contend with a high cost of living, resulting in increased expenditures for everyday goods and services, housing, utilities and health care.
Madison Park, New Jersey is a small-sized city with a population of 8,371 people. Madison Park has a population density of 5,015 people per square mile. This would be considered well above the national population density level. Something to be aware of when living in Madison Park are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 32 minutes, this comes in much higher than the national average of 26 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Madison Park, New Jersey could be a fulfilling experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like amenities, cost of living, housing, you can easily compare the best places to live in Madison Park and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Madison Park to New Jersey and the national average.
With a livability score of 77 out of 100, Madison Park is ranked #2,672 in the United States and #110 in New Jersey. Clearly, Madison Park is doing something right, as this score ranks well above the average of most cities. Madison Park has also earned the rare honor of ranking in the top 10 percentile among all cities. There are nine total categories that create the livability score. Madison Park ranks well for crime (A-), employment (A) and housing (A) There is at least one category that you should be aware of in Madison Park. The following was graded with a discouraging score: cost of living (F).
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Madison Park excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Madison Park is actually affordable. Median real estate prices in Madison Park come in at $559,693, which is 0.8% higher than the New Jersey average. The home price to income ratio compares the median home prices to the median household income. In Madison Park, the home price to income ratio is 5.5, which is 7.8% higher than the New Jersey average.
| Statistic | Madison Park | New Jersey | National |
| Average one way commute | 32min | 31min | 26min |
| Workers who drive to work | 75.3% | 71.7% | 76.4% |
| Workers who carpool | 6.0% | 8.1% | 9.3% |
| Workers who take public transit | 9.5% | 11.2% | 5.1% |
| Workers who bicycle | 0.0% | 0.3% | 0.6% |
| Workers who walk | 1.3% | 3.0% | 2.8% |
| Working from home | 6.7% | 4.1% | 4.6% |
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