Housing costs in Garwood?
A typical home costs
$513,200, which is 51.8% more expensive than the national average of
$338,100 and 18.8% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Garwood costs
$1,870 per month, which is 30.8% more than the national average of
$1,430 and 8.6% more than the state average of
$1,710.
Can I afford Garwood?
To live comfortably in Garwood, New Jersey, a minimum annual income of
$98,280 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Garwood?
The cost of living in Garwood, NJ is relatively high compared to many other areas in the United States. The median home value is over $400,000, making it one of the most expensive places to buy a home in the area. Additionally, rent prices are also quite high with an average two-bedroom apartment costing around $1,700 per month. Groceries and gas prices are slightly higher as well, but overall the cost of living in Garwood is still much lower than neighboring cities like New York City or Philadelphia.