Fort Lee, New Jersey, is located along the eastern border of Bergen County, situated on the Hudson River, and positioned at the top of The Palisades cliffs. This gives it proximity to New York City, with the George Washington Bridge connecting Fort Lee to Upper Manhattan. Its natural setting presents a more peaceful and quieter atmosphere than the city itself — making it well-suited to retirees.
Despite this appeal, Fort Lee is considered as one of the most expensive U.S. cities to live in, with a 53% higher average cost of living when compared to the national average. The city is located 10 miles from Midtown New York, which means that the 40,000 residents have easy access to the city center without having to give up the suburban peace they enjoy.
In a 2024 survey by GoBankingRates , Fort Lee has a monthly living of $7,505, with about 25% of its population aged above 65. Also, over 30% of its residents are made up of Koreans and people from other diverse cultures. Together, these populations play a vital role to the growth of the community through the provision of certain useful amenities. Drawn in by a sound and competitive education system, the presence of immigrants in Fort Lee contributes to the economic boost beneficial to the entire populace of Fort Lee.
Fort Lee’s Retirement Costs
Choosing Fort Lee for retirement demands a substantial monetary budget. To live comfortably, you need to account for housing first. The median home value stands at $906,272. This estimate is higher than the U.S. average housing cost at $424,900. Then, there is the cost of daily living. Grocery shopping is considered one of the major contributing causes to the high cost of living in the area. Eggs are sold for $3.65 per dozen and milk is $4.92 per gallon…