Housing costs in Colonia?
A typical home costs
$465,500, which is 37.7% more expensive than the national average of
$338,100 and 7.7% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Colonia costs
$1,980 per month, which is 38.5% more than the national average of
$1,430 and 13.6% more than the state average of
$1,710.
Can I afford Colonia?
To live comfortably in Colonia, New Jersey, a minimum annual income of
$89,280 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Colonia?
The cost of living in Colonia, NJ is slightly above the national average. Housing costs are the largest expense, with an average value of $335,000 for a single family home. This is just over 10% higher than the U.S. average, making it one of the more expensive areas to live in New Jersey. Other costs such as food, transportation and health care are generally on par with or slightly lower than national averages. All in all, living in Colonia is generally comfortable and affordable for most people who call this area home.