Living in Edgewater Borough, New Jersey, offers a unique blend of urban convenience and suburban comfort, characterized by its proximity to New York City, diverse community, scenic waterfront, but also higher living costs and limited parking options.
Pros and Cons of Living in Edgewater Borough, NJ
Edgewater Borough is appealing for several reasons, including its close proximity to New York City, allowing for easy commuting and access to a wide range of urban amenities. The community is diverse, with a mix of cultures and backgrounds, fostering a vibrant atmosphere. The scenic views along the Hudson River are a significant draw for residents. However, the cost of living is notably higher than the national average, which can be a drawback for some. Additionally, residents often express concerns about limited parking availability, especially during peak hours.
Quality of Life and Cost of Living in Edgewater Borough
The cost of living in Edgewater is approximately 40% higher than the national average, primarily driven by housing costs. The median home price in the borough is around $550,000, while rent for a one-bedroom apartment averages $2,500 per month. Despite the elevated costs, quality of life remains high, with low crime rates contributing to a sense of safety and community well-being. Residents also benefit from access to parks and recreational facilities, enhancing their overall living experience.
History of Edgewater Borough, NJ
Edgewater was established in 1894 and has a rich history tied to its waterfront location along the Hudson River. Initially, it served as a manufacturing hub, contributing to the local economy. The latter part of the 20th century saw a transformation as residential development took precedence, making Edgewater an attractive option for those commuting to New York City. This evolution has shaped the borough into a desirable suburban enclave while retaining its historical charm.
Education and Employment in Edgewater Borough
Edgewater is served by the Edgewater School District, which boasts a student-teacher ratio of 12:1, indicative of a focused educational environment. Many residents find employment in nearby New York City, where the average salary is approximately $80,000, benefiting from a robust job market. Additionally, local businesses are on the rise, providing employment opportunities within the borough, further contributing to its economic vitality.
Recreation and Attractions in Edgewater Borough
Recreation and leisure activities abound in Edgewater, with notable parks like Waterfront Park offering walking trails and stunning views of the Hudson River. The borough features a variety of restaurants, shops, and cultural venues, making it a vibrant place for community engagement and entertainment. Events and festivals throughout the year foster a sense of community, while recreational amenities provide residents with options for an active lifestyle.
Real Estate and Transportation in Edgewater Borough
Real estate in Edgewater predominantly consists of condominiums and townhouses, with the average price around $550,000. The area is well-served by transportation options, including NJ Transit bus services and ferry services to Manhattan, facilitating efficient commuting for residents. This accessibility to New York City further enhances Edgewater’s attractiveness as a place to live for those seeking a blend of suburban living with urban convenience.
In conclusion, Edgewater Borough, NJ, presents a compelling living option for those who appreciate proximity to New York City alongside suburban tranquility. While the cost of living is higher than average, the quality of life, historical richness, educational opportunities, and recreational amenities contribute to a well-rounded living experience.