Housing costs in Millburn?
A typical home costs
$1,102,200, which is 226.0% more expensive than the national average of
$338,100 and 155.1% more expensive than the average New Jersey home, at
$432,100. Renting a two-bedroom unit in Millburn costs
$2,320 per month, which is 62.2% more than the national average of
$1,430 and 26.3% more than the state average of
$1,710.
Can I afford Millburn?
To live comfortably in Millburn, New Jersey, a minimum annual income of
$211,320 for a family, and
$77,600 for a single person is recommended.
What does A.I. say about Millburn?
The cost of living in Millburn, NJ is quite high. The median home price in Millburn is around $1 million, and even renting an apartment can be quite expensive due to the high demand for housing in the area. Groceries, transportation, and other everyday expenses are also more costly than the national average. However, residents of Millburn benefit from a favorable tax rate and access to numerous amenities that make up for the higher cost of living.